|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||10.00 - 10.00|
|52 Week Range||6.69 - 12.97|
|Beta (3Y Monthly)||-0.12|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 10, 2016 - Nov 11, 2016|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||18.00|
In August 2016, the Company disclosed an internal review of certain accounting matters. Since that time, management and the Audit Committee of the Board, along with the assistance of outside advisors, have been working diligently to identify and undertake meaningful changes to remedy deficient operational and accounting controls and are working to become current with the Company’s financial reporting requirements.
Power Solutions International, Inc. (“PSI” or “Company”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emissions-certified, alternative-fuel power systems, today announced that Gary Winemaster, its Founder and former CEO will retire after 34 years at the Company. The Company was founded by Gary and his father William Winemaster in 1985. During his tenure Gary served as the Chief Executive Officer and President of Power Great Lakes from 1992, which, prior to its incorporation in 2001, was the parent operating organization of the Company's business, and is currently a wholly-owned subsidiary of the Company.
Power Solutions International, Inc. ("the Company" or "PSI") (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emissions-certified, alternative-fuel power systems, announced that on April 23, 2019, pursuant to its warrant agreement, Weichai America (“Weichai”) exercised its right to purchase 4,049,759 shares of PSI common stock, increasing Weichai’s ownership to 11,749,759 shares, or 51 percent, of PSI’s fully diluted shares. The gross estimated proceeds to PSI are expected to be $1.6 million, as calculated in accordance with the terms of the Amended Warrant agreement filed with the United States Securities and Exchange Commission on Form 8-K on October 3, 2018. As previously disclosed, a stock purchase warrant was issued to Weichai in conjunction with its purchase of PSI’s common and preferred stock in March 2017 for aggregate proceeds of $60 million to the Company. In connection with Weichai’s ownership increasing to 51 percent of PSI’s fully diluted shares, it has the ability to nominate directors such that its designees represent the majority of the Company’s Board of Directors. Weichai has advised that it has started the process to identify a designee and will communicate with the Board’s nominating and governance committee once the designee is identified.
LONG BEACH, Calif., April 24, 2019 -- Power Solutions International Inc. (“PSI”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emissions-certified,.
INDIANAPOLIS, March 07, 2019 -- Power Solutions International Inc. (“PSI”) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emissions-certified,.
New 40L and 53L gas engines offer industry-leading global power ratings of 600 kWe to 1.25 MWe Development of 20L and 40L diesel engines reflect PSI’s efforts to expand its.