Power Solutions (PSIX) Tops Q1 EPS by 1c, Offers Outlook
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May 11, 2015 2:04 PM EDT
Power Solutions International, Inc. (Nasdaq: PSIX), the global alternative-fuel engine company, today announced that it acquired the electronic fuel-injection system manufacturer Bi-Phase Technologies LLC. Bi-Phase has been a privately held subsidiary of The Schwan Food Company, a national food manufacturer and marketer.
Based in Eagan, Minnesota, Bi-Phase Technologies designs and manufactures electronic fuel-injection systems that enable gasoline engines to be fueled by liquid propane. After developing a successful liquid propane fuel-injection prototype in 1994, Bi-Phase was purchased by Schwan in 1999 so the company could use the technology on its fleet of propane-powered... More
May 8, 2015 8:47 AM EDT
Roth Capital assumes coverage on Power Solutions (NASDAQ: PSIX) with a Buy rating and a price target of $90.00.
Analyst Craig Irwin commented, "Assuming coverage of Power Solutions International (PSI) at Buy with a $90PT, where we view PSI as a... More
