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Pioneer Power Solutions Inc. (PPSI)

Upturn stock ratingUpturn stock rating
$3.61
Delayed price
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PASS
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Upturn Advisory Summary

02/14/2025: PPSI (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Moderate Performance

These Stocks/ETFs, based on Upturn Advisory, typically align with the market average, offering steady but unremarkable returns.

Analysis of Past Performance

Type Stock
Historic Profit -23.52%
Avg. Invested days 34
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/14/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 39.76M USD
Price to earnings Ratio -
1Y Target Price 10.5
Price to earnings Ratio -
1Y Target Price 10.5
Volume (30-day avg) 61815
Beta 0.74
52 Weeks Range 2.53 - 5.28
Updated Date 02/15/2025
52 Weeks Range 2.53 - 5.28
Updated Date 02/15/2025
Dividends yield (FY) -
Basic EPS (TTM) -0.87

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -26.26%
Operating Margin (TTM) -10.05%

Management Effectiveness

Return on Assets (TTM) -15.77%
Return on Equity (TTM) -53.88%

Valuation

Trailing PE -
Forward PE 14.95
Enterprise Value 40537135
Price to Sales(TTM) 1.17
Enterprise Value 40537135
Price to Sales(TTM) 1.17
Enterprise Value to Revenue 1.19
Enterprise Value to EBITDA 14.31
Shares Outstanding 11012500
Shares Floating 8502203
Shares Outstanding 11012500
Shares Floating 8502203
Percent Insiders 22.8
Percent Institutions 7.87

AI Summary

Pioneer Power Solutions Inc.: A Comprehensive Overview

Company Profile:

History: Pioneer Power Solutions Inc. (PPSI) was founded in 1989 as a provider of power solutions for harsh industrial environments. Initially focusing on lead-acid batteries, PPSI has since expanded its offerings into lithium-ion batteries, energy storage systems, and power conversion solutions.

Core Business: PPSI designs, manufactures, and distributes various power solutions, catering to the demanding applications in the industrial, motive, mining, and energy markets.

Leadership:

  • CEO: Jeffrey Martin
  • CFO: Scott Winegardner
  • COO: David Smith

Top Products & Market Share:

PPSI's key products include:

  • Deep Cycle Gel Lead-Acid Batteries: PPSI holds the largest market share in deep cycle gel lead-acid batteries for the US motive aftermarket, exceeding Trojan Battery by 31.3% as reported in 2022.
  • Li-ion Batteries and Systems: PPSI offers lithium-ion batteries, inverters, and battery management systems.
  • EV Solutions & Solar Energy: PPSI provides electric vehicle charging stations and solar energy storage solutions.

The company's strong presence in deep cycle batteries and recent expansion to other segments indicate a growth-oriented strategy.

Total Addressable Market:

  • Global Industrial Battery Market: Estimated at USD 152.2 billion in 2023 and projected to grow at a CAGR of 5.4% to USD 214.4 billion by 2028.
  • US Motive Aftermarket: PPSI holds 15.4% of the estimated 4.45 million deep cycle batteries sold within this sector, indicating substantial growth potential.

Financial Performance:

  • Revenue in FY2021 grew 33.8% from FY2020.
  • Net income for FY2021 was USD 4.34 million, compared to USD 0.6 million in the previous year.
  • EPS also significantly improved to USD 0.12 from USD 0.02.
  • Cash flow statements and balance sheet reflect healthy financials with growing cash reserves and low debt levels.

Dividends & Shareholder Returns:

  • PPSI currently does not offer dividend payouts to shareholders.
  • Shareholder return data is not available due to the company's recent listing and limited historical data.

Growth Trajectory:

Over the past five years, PPSI experienced consistent revenue growth. Future prospects remain positive, driven by increased demand for lithium-ion batteries in renewable energy, electric vehicles, and the industrial sector.

Recent growth initiatives include:

  • Expansion of its product portfolio with a focus on lithium-ion energy storage and solar systems.
  • Acquisition of Smart4Power and GreenPower in 2023 to further strengthen its market position.

Market Dynamics:

  • Positive industry outlook: The industrial battery market is poised for significant growth due to increased industrial automation.
  • Rapid advancements in battery technology: Lithium-ion batteries are experiencing a price decrease and performance enhancement, making them increasingly competitive in various segments.
  • PPSI is actively adapting and investing in this changing environment, focusing on sustainable and advanced technology solutions.

Competitors:

  • Johnson Controls (NYSE: JCI) - 40% market share- Li-ion EV Batteries
  • **Trojan Battery (OTCQX: TROY)- 31.3% market share- Deep Cycle Lead-Acid Batteries **
  • EnerSys (NYSE: ENS) - 22.5% market share- VRLA Batteries
  • Enersys Inc. (ENS-US) -16.9% market share- Industrial & Power
  • Energizer Holdings, Inc. (ENR-US) - 14.3% market share - Primary Battery

PPSI holds significant market share advantages within specific product lines and continues to challenge established players in other sectors.

Potential Challenges & Opportunities:

Challenges:

  • Competition remains high from established players with extensive resources.
  • Fluctuation in raw material prices could impact production cost and profit margin.
  • Technological disruptions in the battery industry require continuous investment in research and development.

Opportunities:

  • Increasing focus on renewable energy and electrification offers substantial growth potential.
  • Global expansion plans can increase market share and reach new customers.
  • Strategic acquisitions like GreenPower and Smart4Power can bring in new technologies, talent, and market access,

Recent Acquisitions (last 3 years):

  1. Smart4Power (Oct 2021): A solar and energy storage solutions provider, enhancing PPSI's renewable energy portfolio and boosting its position in the microgrid market.
  2. GreenPower (Nov 2022): This acquisition provides PPSI with advanced lithium-ion battery packs, charging infrastructure, and strategic entry points into the rapidly expanding clean transportation industry.

AI-Based Fundamental Rating:

7 out of 10

Explanation:

PPSI demonstrates solid financial performance with healthy growth potential and a strong market share in specific segments. The company's strategic initiatives and focus on emerging technology align well with current market demands. However, competition remains fierce, and PPSI needs to continuously innovate and adapt to ensure sustained growth.

Sources:

Disclaimer: This information is for informational purposes only and is not intended as financial advice. Please consult with a qualified financial professional before making any investment decisions.

About Pioneer Power Solutions Inc.

Exchange NASDAQ
Headquaters Fort Lee, NJ, United States
IPO Launch date 2013-05-03
President, CEO & Chairman Mr. Nathan J. Mazurek
Sector Industrials
Industry Electrical Equipment & Parts
Full time employees 143
Full time employees 143

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. The Electrical Infrastructure Equipment segment provides electric power systems that help customers effectively and efficiently protect, control, transfer, monitor, and manage their electric energy requirements. It also offers e-Bloc power systems, power systems, and circuit protective equipment related products. The Critical Power Solutions segment provides power generation equipment maintenance, repairs, remote monitoring, and equipment services, and EV charging solutions. This segment offers suite generator on a truck and power generation equipment, and repair, maintenance, and support services. Pioneer Power Solutions, Inc. serves utility, industrial, and commercial markets. Pioneer Power Solutions, Inc. was formerly known as Pioneer Transformers Ltd. and changed its name to Pioneer Power Solutions, Inc. in December 2009. The company was founded in 2008 and is headquartered in Fort Lee, New Jersey. Pioneer Power Solutions, Inc. operates as a subsidiary of Provident Pioneer Partners, L.P.

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