Notable Runner: Could Power Solutions International Inc Crash Even More? The Stock Had Another Big Decline Today

Notable Runner: Could Power Solutions International Inc Crash Even More? The Stock Had Another Big Decline Today

The stock of Power Solutions International Inc (NASDAQ:PSIX) is a huge mover today! The stock decreased 2.29% or $0.24 during the last trading session, hitting $10.25. About 68,432 shares traded hands or 17.23% up from the average. Power Solutions International Inc (NASDAQ:PSIX) has risen 2.50% since February 29, 2016 and is uptrending. It has underperformed by 7.92% the S&P500.
The move comes after 8 months negative chart setup for the $111.94 million company. It was reported on Oct, 1 by Barchart.com. We have $9.23 PT which if reached, will make NASDAQ:PSIX worth $11.19M less.

Power Solutions International Inc (NASDAQ:PSIX) Ratings Coverage

Out of 6 analysts covering Power Solutions International (NASDAQ:PSIX), 4 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 67% are positive. Power Solutions International has been the topic of 13 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of Power Solutions International Inc (NASDAQ:PSIX) has “Hold” rating given on Tuesday, August 16 by Lake Street. The stock of Power Solutions International Inc (NASDAQ:PSIX) earned “Buy” rating by Roth Capital on Wednesday, June 8. Barrington Research maintained Power Solutions International Inc (NASDAQ:PSIX) rating on Friday, August 7. Barrington Research has “Outperform” rating and $80.0 price target. Wunderlich initiated Power Solutions International Inc (NASDAQ:PSIX) rating on Tuesday, August 25. Wunderlich has “Buy” rating and $50 price target. The firm has “Buy” rating given on Tuesday, August 11 by Zacks. The firm earned “Buy” rating on Friday, February 19 by Wunderlich. Barrington Research maintained Power Solutions International Inc (NASDAQ:PSIX) rating on Tuesday, December 29. Barrington Research has “Outperform” rating and $30.0 price target. The stock of Power Solutions International Inc (NASDAQ:PSIX) earned “Buy” rating by Lake Street on Tuesday, April 19. Piper Jaffray downgraded the stock to “Neutral” rating in Monday, January 25 report.

According to Zacks Investment Research, “Power Solutions International, Inc. is engaged in producing and distributing power solutions for original equipment manufacturers of off-highway industrial equipment in the United States. The Company sells engines for stationary generators, oil and gas equipment, forklifts, aerial work platforms, industrial sweepers, arbor equipment, agricultural and turf equipment. It also offers low-emission standard fuel and hybrid power solutions, and diesel power systems. Power Solutions International, Inc. is based in Wood Dale, Illinois.”

Insitutional Activity: The institutional sentiment decreased to 1.04 in 2016 Q2. Its down 0.04, from 1.08 in 2016Q1. The ratio turned negative, as 8 funds sold all Power Solutions International Inc shares owned while 15 reduced positions. 5 funds bought stakes while 19 increased positions. They now own 5.15 million shares or 2.23% more from 5.03 million shares in 2016Q1.
Oak Ridge Invests Ltd Liability Company reported 155,000 shares or 0.07% of all its holdings. Tcw Gru Incorporated accumulated 32,175 shares or 0% of the stock. Gagnon Securities Ltd Company last reported 3.05% of its portfolio in the stock. Granahan Inv Mgmt Inc Ma reported 418,498 shares or 0.27% of all its holdings. Tiaa Cref Management Llc reported 17,393 shares or 0% of all its holdings. Us Bancorp De has 0% invested in the company for 2,145 shares. Moreover, Kimelman And Baird Limited Liability Com has 0.54% invested in Power Solutions International Inc (NASDAQ:PSIX) for 164,008 shares. New Jersey Better Educational Savings Trust last reported 0.24% of its portfolio in the stock. Blue Clay Cap Mgmt Limited Company last reported 0.9% of its portfolio in the stock. Blackrock Institutional Trust Na has invested 0% of its portfolio in Power Solutions International Inc (NASDAQ:PSIX). The Texas-based United Automobile Association has invested 0% in Power Solutions International Inc (NASDAQ:PSIX). Legal General Gp Incorporated Public Lc accumulated 854 shares or 0% of the stock. Jacobs Levy Equity holds 0.02% or 45,430 shares in its portfolio. Manufacturers Life Ins The last reported 7,511 shares in the company. State Street Corporation holds 53,858 shares or 0% of its portfolio.

More notable recent Power Solutions International Inc (NASDAQ:PSIX) news were published by: Globenewswire.com which released: “Power Solutions International Requires Additional Time to File Its Second …” on August 15, 2016, also Prnewswire.com with their article: “INVESTOR ALERT: Rosen Law Firm Reminds Power Solutions International, Inc …” published on September 09, 2016, Globenewswire.com published: “Power Solutions International to Extend Filing of Second Quarter 2016 Form 10-Q” on August 10, 2016. More interesting news about Power Solutions International Inc (NASDAQ:PSIX) were released by: Globenewswire.com and their article: “Lawsuit for Investors in Power Solutions International Inc (NASDAQ:PSIX …” published on September 12, 2016 as well as Globenewswire.com‘s news article titled: “Power Solutions International Closes New $135 Million Senior Secured Credit …” with publication date: June 29, 2016.

PSIX Company Profile

Power Solutions International, Inc., incorporated on August 12, 2011, is a producer and distributor of a range of low-emission power systems that run on non-diesel fuels, such as natural gas, propane and gasoline. The Company’s industrial power systems are used by original equipment manufacturers (OEMs) in a range of industries with a diversified set of applications, including stationary electricity generators, gas and oil equipment, forklifts, aerial work platforms, industrial sweepers, arbor equipment, agricultural and turf equipment, aircraft ground support equipment, construction and irrigation equipment, and other industrial equipment. The Firm provides alternative fuel power systems for OEMs of off-highway industrial equipment and on-road medium trucks and busses. In addition to its emission-certified power systems, the Company produces and distributes non-emission-certified power systems for industrial OEMs for particular applications in markets without emission standards (oil and gas equipment used in Canada).

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