Pioneer Power Solutions (NASDAQ:PPSI) Updates FY 2024 Earnings Guidance

Pioneer Power Solutions (NASDAQ:PPSI) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.310-0.340 for the period, compared to the consensus earnings per share estimate of 0.210. The company issued revenue guidance of $52.0 million-$54.0 million, compared to the consensus revenue estimate of $53.1 million.

Pioneer Power Solutions Stock Up 0.5 %

Shares of PPSI traded up $0.02 during trading hours on Wednesday, hitting $4.29. The stock had a trading volume of 45,436 shares, compared to its average volume of 97,449. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.52 and a quick ratio of 1.10. The firm has a 50 day simple moving average of $4.44 and a 200-day simple moving average of $4.39. The firm has a market capitalization of $46.85 million, a P/E ratio of 23.72 and a beta of 0.68. Pioneer Power Solutions has a 1-year low of $3.35 and a 1-year high of $7.30.

About Pioneer Power Solutions

Pioneer Power Solutions, Inc, together with its subsidiaries, design, manufacture, integrate, refurbish, distribute, sell, and service electric power systems, distributed energy resources, power generation equipment, and mobile EV charging solutions. The company operates through Electrical Infrastructure Equipment and Critical Power Solutions segments.