Pioneer Power Solutions Inc. Common Stock (PPSI)

FairStock Score: 44/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am wary of paying up for hope, and Pioneer Power Solutions gives me little to anchor on. The company designs and services power generation and mobile EV charging equipment, but the financials show a business under stress. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $5.0M and net income was $-2.1M, versus revenue of $8.4M and net loss of $1.3M in fiscal Q2 2025, the quarter ended 2025-06-30. Fiscal Q1 2026, ended 2026-03-31, had $4.3M revenue and $-2.5M net income. For FY2025, ended 2025-12-31, revenue was $27.6M and net income was $-6.0M, or diluted EPS $-0.54. FY2024 showed $31.9M net income and $2.90 diluted EPS, while FY2023 had a $1.9M net loss and $-0.20 diluted EPS. FairStock's Lynch category is TURNAROUND, loss in latest year after earlier profits, and the latest quarter's -41.02% net margin reinforces the difficulty. At the 2026-10-13 close of $2.90, market cap was $32.2M. FairStock calculations show a P/E of -4.20, P/B of 1.30, ROE of -26.68%, ROCE of -11.62%, and FCF yield of -24.0%, with trailing free cash flow of $-7.7M. The balance sheet looks less stretched by debt, with D/E 0.05, and FairStock's Altman Z-score of 2.98 and Piotroski F-score of 5/9 are not dire. But negative cash flow, shrinking recent sales, and a $32.2M market value make this a turnaround bet, not a Graham-style bargain. Without evidence of durable margins or a competitive moat, I would need losses to narrow and cash burn to stop before the price looks attractive.

In plain English: Pioneer Power Solutions makes and services power generation equipment and mobile electric vehicle charging systems. The business looks weak right now because recent quarterly sales have been shrinking and it is losing money. At $2.90 a share, the price looks more like a hopeful bet than a clear bargain based on its current numbers.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer