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Fri, Aug. 8, 2:55 PM
- Power Solutions International (PSIX +8.8%) posts strong gains after Global Hunter upgrades shares to Accumulate from Neutral with a $70 price target, as the firm raises its 2014 estimates by $0.06 in EPS and $5M in revenues.
- Hunter believes PSIX is in the late stages of its first on-road highway orders, setting a precedent for additional customer orders and ultimately expanding its addressable market.
- PSIX Q2 earnings and revenue beats were driven by an increase in higher-margin oil and gas applications, and management expects gross margin headwinds from the NACCO ramp to be offset by oil and gas sales throughout the rest of the year.
Thu, Aug. 7, 5:01 PM
Nov. 11, 2013, 5:22 PM| Comment!
Aug. 9, 2013, 8:46 AM
PSIX vs. ETF Alternatives
Power Solutions International Inc along with its wholly-owned subsidiaries is a producer and distributor of high performance, certified low emission, power systems that run on alternative fuels such as natural gas and propane.
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