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Pioneer Power Solutions Inc. (PPSI)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
1-STAR RATING
Consider higher Upturn Star rating
BUY for 5 days
PROFIT SINCE LAST BUY
-6.84% ▼
LAST CLOSE
$3.27
09/24/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for PPSI

09/24/2026: PPSI (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Pioneer Power Solutions Inc. is an electrical infrastructure and mobile power equipment company focusing on the growing EV charging and grid modernization markets. The company differentiates itself through modular products like the E-Bloc, which offer speed and flexibility in site deployment. Its main growth opportunity lies in capitalizing on the massive national investment in electric vehicle infrastructure and distributed power. Risks include intense competition from much larger, well-funded electrical conglomerates and potential margin pressure from volatile input costs. The stock suits growth-oriented investors with a high risk tolerance, and observers should monitor the company's progress in scaling production capacity and winning large, recurring commercial contracts.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company offers exposure to high-growth infrastructure trends, though scaling execution remains an unproven long-term driver.
Momentum investorStrong fit while signal remains positiveThe stock often reacts strongly to news regarding contract wins or sector-wide interest in EV and grid-related technology.
Value investorWeak fitValuation metrics are often driven by future growth potential rather than current cash flow or asset value multiples.
Dividend investorWeak fitThe company does not pay a dividend, making it unsuitable for income-focused portfolios.
Low-risk investorWeak fitHigh volatility and sensitivity to project-based revenue make this a risky asset for conservative investors.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock frequently experiences significant price swings based on market sentiment and speculative trading.
Valuation riskMedium / highCurrent pricing requires significant future growth, which may not materialize if market adoption slows.
Competition risk (Infrastructure giants)HighCompeting against global conglomerates with deeper pockets creates a permanent risk to pricing power and market share.
Business qualityMediumWhile the product portfolio is increasingly modern, consistent profitability and competitive moats remain under development.
Dividend incomeLow / noneThere is no dividend income available for investors.
Execution riskMedium / highScaling modular manufacturing processes successfully is necessary to meet future demand and profitability targets.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Highly Choppy
PRICE STABILITY

Highly Choppy

The stock has experienced frequent, large price swings that make its near-term movement less predictable.

Analysis of Past Performance

Type Stock
Historic Profit -50.3%
Avg. Invested days 25
Today’s Advisory Consider higher Upturn Star rating
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/24/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
PPSI receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by weak unit economics, and weak price momentum.

Company Fundamentals

★★★★★
PPSI has moderate overall fundamentals (3 stars), with soft financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, solid revenue growth (+20.8%) is partially offset by negative earnings growth (-120.2%), soft cash generation (FCF margin -30.7%), soft profitability (net margin -23.3%).

Financial Health Rating

★★★★★
PPSI's financial health is supported by solid liquidity, including working-capital and asset support (WC/assets 57.0%). Profitability is weak (1 stars), which helps explain the 2-star overall score.

Growth Momentum Score

★★★★★
Revenue growth is PPSI's strongest growth driver at +20.8% FY2025 versus FY2024 (solid, 4 stars). By comparison, free-cash-flow growth (+14.8%, solid) is also solid, while earnings growth (-120.2%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 13.3% and approximately 77.5% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 22.49% supports management-shareholder alignment.

Top 5 Institutional Investors

Vanguard Capital Management, LLC 1.77%
Spectrum Investment Advisors Inc 1.24%
Geode Capital Management, LLC 1.04%
Dimensional Fund Advisors, Inc. 0.72%
Citadel Advisors Llc 0.64%

Unit Economics (Per $1K Revenue)

★★★★★
PPSI generates approximately $124 of gross profit, $-239 of operating income, and $-307 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: -1.16% (Tax Credit)

Quantitative Style Profile

★★★★★
PPSI has a liquid profile. Weak momentum is the primary drawback, while elevated volatility.

Style Classification

Quality Focused

Value-OrientedHigh VolatilitySmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 36.29M USD
Price to earnings Ratio -
1Y Target Price 9.5
Price to earnings Ratio -
1Y Target Price 9.5
Volume (30-day avg) 123.5K shares
Beta 1.91
52 Weeks Range 2.35 - 6.29
Updated Date 09/24/2026
52 Weeks Range 2.35 - 6.29
Updated Date 09/24/2026
Dividends yield (FY) -
Basic EPS (TTM) -0.69

How Company Makes Money

Business areaWhat it includesRetail investor read
Electrical InfrastructureTransformers, switchgear, and standard electrical components.Steady, traditional revenue from keeping the lights on in commercial and utility buildings.
E-Mobility & Distributed PowerE-Bloc modular systems, EV chargers, and mobile generation.The growth story, focused on selling modern power solutions for the energy transition.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE -
Forward PE 14.95
Enterprise Value 26.96M
Price to Sales(TTM) 1.66
Enterprise Value 26.96M
Price to Sales(TTM) 1.66
Enterprise Value to Revenue 1.24
Enterprise Value to EBITDA 14.31
Shares Outstanding 11.10M
Shares Floating 8.60M
Shares Outstanding 11.10M
Shares Floating 8.60M
Percent Insiders 22.49
Percent Institutions 13.35

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Pioneer Power Solutions Inc.

Exchange NASDAQ
Headquarters 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 58
Full time employees 58

Pioneer Power Solutions, Inc., together with its subsidiaries, design, manufacture, integrate, service, and sell distributed energy resources, on site and mobile power generation equipment, and platform of mobile electric vehicle charging solutions. The company provides mobile EV charging solutions, power generation equipment, preventative maintenance, repairs, fuel polishing, and remote monitoring.; uninterruptible power supply systems from major manufacturers; and engine-generator sets; and suite generator on a truck and power generation equipment, and repair, maintenance, and support services. It is also involved in distributing new power generation equipment, refurbishing and reselling used power generation equipment, and performing service and maintenance. In addition, the company offers platforms, including PRYMUS, a mobile on-site power system concentrating on customers with requirements of 1-10 megawatts of mobile power to supplement their current energy profile; and PowerCore, a residential and small commercial based primary generator system integrating a DC fast charger into one solution. Pioneer Power Solutions, Inc. serves utility, industrial, and commercial markets. The company was formerly known as Pioneer Transformers Ltd. and changed its name to Pioneer Power Solutions, Inc. in December 2009. Pioneer Power Solutions, Inc. was founded in 2008 and is based in Fort Lee, New Jersey. The company operates as a subsidiary of Provident Pioneer Partners, L.P.