Barrington Research Starts Power Solutions (PSIX) at Outperform; Strong Management Team and Low Valuation

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Barrington Research initiates coverage on Power Solutions (OTCBB: PSIX) with an Outperform. PT $25.00.

Barrington analyst said, "Suburban-Chicago based Power Solutions International is benefitting from a forward looking management team developing alternative fuel engine products for niche industrial applications. Recent developments in the North American energy extraction technology have resulted in low natural gas prices and derivative gases. PSIX is developing engine products that run on cheap natural gas products. Much of the company's 2012-2014 sales growth will result from engine products already developed that are being applied to industrial applications. Sales growth in 2014-2017 should benefit from products in development for niche industrial applications and, potentially, the very large on-road and off-road market."


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 $15.00 yesterday, with a 52 week range of $0.51-$24.00.

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