SOURCE: Vista Partners LLC

Vista Partners LLC

April 08, 2014 09:00 ET

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

SAN FRANCISCO, CA--(Marketwired - Apr 8, 2014) - Vista Partners announced today that it has updated coverage on Power Solutions International, Inc. (NASDAQ: PSIX) ("The Company," or "PSI"); and raised its twelve month price target to $110.00. Ross Silver, Principal Analyst at Vista Partners, stated, "PSI beat 2013 revenue guidance and achieved 17.5% revenue growth year-over-year for the year ended December 31, 2013. Revenue guidance in 2013 was to be in a range of $225M to $235M, PSI produced $237.8M of revenues. PSI is one of the largest providers of industrial gas and alternative fuel engines in North America and has over 20 years of experience serving emission control system solutions. The Company's 2014 revenue guidance is $310M to $330M." Mr. Silver concludes, "Last year the Company saw its oil and gas sales grow substantially, almost doubling from $31.3 million in 2012 to $60 million in 2013 and has experienced a CAGR of 70% since 2011. With domestic oil production and exploration continuing to boom, PSI seems to have tapped into a large reserve of new potential clients."

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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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