Roth Capital Remains Bullish on Power Solutions (PSIX) Following Courts Decision

Roth Capital maintains a Buy rating and $90.00 price target on Power Solutions (NASDAQ: PSIX) following courts decision against EPA. The D.C. Circuit Court found EPA's logic wondering and inaccurate. The EPS has until July 15th to appeal.

Analyst Craig Irwin commented, "EPA has until July 15 to appeal a court decision reversing a prior emissions waiver that allowed use of dirty diesel engines in demand response, where upholding this decision could drive material demand for stationary clean fuel engines. The D.C. Circuit Court found EPA's logic in NESHAP RICE was wondering and inaccurate, saying EPA excused inadequate responses by passing the issue to another agency it did not consult. ~$30k/MW direct annual payments for 6GW-10GW in clean engines could come available."

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 $52.50 yesterday.

You May Also Be Interested In