Piper Jaffray maintained a Neutral rating on Power Solutions (NASDAQ: PSIX), and cut the price target to $11.00 (from $14.00), following the company's 4Q earnings report. 4Q revenue of $96.7M missed the Street's estimate of $103.3M. Revenue also missed guidance, which was $100M-$110M. Adjusted loss per share of $0.01 was better than consensus' estimated loss of $0.03/share. Management pointed to weakness in the oil/ gas segment as a reason for the downside vs. guidance.

Analyst Alexander Potter commented, "We are maintaining our Neutral rating following the release of 4Q15 results. PSIX cut revenue guidance again, and given persistent headwinds in the oil/gas market, it's difficult to know whether the new guidance range is achievable (particularly since PSIX is relying on a 2H16 ramp in revenue from China, which is a notoriously difficult market to predict). Downside protection stems from a low multiple in historical terms (the stock trades at 16.6x our downwardly-revised FY17 EPS estimate, which is at the low end of the stock's historical range)."

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 $10.76 yesterday.