Is This the Next Westport (WPRT)? Lake Street Starts Power Solutions (PSIX) at Buy

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Lake Street Capital Markets initiated coverage on Power Solutions (OTCBB: PSIX) with a Buy rating and a price target of $30.00. Analyst Richard Brown called the stock an undiscovered growth company at the center of a large-scale market shift to natural gas from diesel fuel.

"While many investors know Westport (Nasdaq: WPRT), Fuel Systems (Nasdaq: FSYS), Chart (Nasdaq: GTLS), and Clean Energy (Nasdaq: CLNE), few know Power Solutions. This will change, in our view, as the market begins to see the company's unique position, strong growth rates, and earnings potential," said Brown.

For an analyst ratings summary and ratings history on Power Solutions click here. For more ratings news on Power Solutions click here.

Shares of Power Solutions closed at $18.55 yesterday, with a 52 week range of $10.00-$20.95.

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