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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