SAN FRANCISCO, CA — (Marketwire) — 01/16/13 — announced today that it has initiated coverage on (OTCBB: PSIX) (“The Company,” or “PSIX”); with a twelve month target price of $26.00. Ross Silver, Principal Analyst at Vista Partners, stated, “The robust secular trend to alternative-fuel power systems in industrial markets, along with PSIX–s comprehensive product line, positions them well for future growth. Management recently reaffirmed 2012 sales guidance of $190-210 million, a 23-35% increase year over year.” Mr. Silver concludes, “The average low prices for natural gas and other alternative fuels and the increased standards by the EPA may drive industrial power systems sales for PSI in 2013-2015.”
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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.
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