Pioneer Power Solutions (PPSI) reported second-quarter 2026 revenue of $5.0 million, down 40.0% from $8.4 million a year earlier. The company posted a net loss of $2.1 million, or $0.19 per basic and diluted share, compared with a $1.3 million net loss in the prior-year quarter.
Backlog reached $18.4 million at June 30, up from $13.9 million at March 31. Management projected approximately $15.0 million in revenue for the second half of 2026.
- Gross profit was $984,000, with a 19.6% gross margin, versus $1.3 million and a 15.7% margin a year earlier.
- Operating loss from continuing operations was $2.0 million, compared with $1.7 million in the second quarter of 2025.
- Cash on hand was $10.7 million and working capital was $17.1 million as of June 30, 2026. The company reported no bank debt.
- Active PRYMUS quotes totaled approximately $200 million, with roughly 80% related to data-center projects.
- Pioneer expects initial PRYMUS system deliveries and PowerCore home-product shipments in the second half of 2026.
$PPSI Hedge Fund Activity
We have seen 17 institutional investors add shares of $PPSI stock to their portfolio, and 13 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ACADIAN ASSET MANAGEMENT LLC added 127,977 shares (+inf%) to their portfolio in Q2 2026, for an estimated $504,229
- JANE STREET GROUP, LLC added 114,403 shares (+inf%) to their portfolio in Q2 2026, for an estimated $450,747
- CITADEL ADVISORS LLC added 70,794 shares (+inf%) to their portfolio in Q2 2026, for an estimated $278,928
- SQUAREPOINT OPS LLC removed 67,558 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $266,178
- HRT FINANCIAL LP added 64,889 shares (+inf%) to their portfolio in Q2 2026, for an estimated $255,662
- RENAISSANCE TECHNOLOGIES LLC added 62,288 shares (+97.0%) to their portfolio in Q2 2026, for an estimated $245,414
- BLACKROCK, INC. added 31,300 shares (+109.2%) to their portfolio in Q2 2026, for an estimated $123,322
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
