SOURCE: Vista Partners LLC

Vista Partners LLC

December 19, 2014 09:00 ET

Vista Partners Updates Coverage on Power Solutions International, Inc. (NASDAQ: PSIX); Maintains $110.00 Price Target

SAN FRANCISCO, CA--(Marketwired - Dec 19, 2014) - Vista Partners announced today that it has updated coverage on Power Solutions International, Inc. (NASDAQ: PSIX) ("The Company," or "PSI"); and maintains its twelve month price target of $110.00. Ross Silver, Principal Analyst at Vista Partners, stated, "PSI beat revenue guidance in 2013 and the Company may beat guidance again in 2014, as it has repeatedly beat guidance and analysts' forecasts through the first three quarters of 2014. The Company's 2014 revenue guidance is $330M to $360M. The Company stated on their Q3 earnings conference call that, "in 2015, we believe we can generate revenues of $480 to $500 million. In 2016, we expect sales to range from $580 to $620 million." Mr. Silver concludes, "I recently spoke with management about their guidance and they stated that they remain confident in their guidance for 2015 & 2016. I was further reminded that the Company seeks to be conservative when providing guidance."

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About Vista Partners:
Vista Partners LLC, founded in 2005, is a Registered Investment Advisor in the States of California and Oregon. The firm's professional staff has backgrounds in finance, corporate communications and investment banking. Vista focuses on investing globally across all market sectors. Vista also provides investment considerations on publicly traded companies through a platform of stock research reports, newsletters, company specific webpages and daily commentary. The platform of products is meant to serve as potential tools for investors to learn about investment considerations. It is Vista's mission to provide investors with tools that may enable them to make profitable investment decisions with the goal to deliver investment considerations that outperform small, mid and large cap equity indexes.

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