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Stock impact report

Power Solutions International, Inc. (PSIX): A Bear Case Theory [Yahoo! Finance]

Power Solutions International, Inc. (PSIX) 
US:NASDAQ Investor Relations: investors.psiengines.com
Company Research Source: Yahoo! Finance
In this article, we will summarize the bulls' thesis on PSIX. Power Solutions International, Inc.'s share was trading at $103.72 as of September 26th. PSIX's trailing P/E was 21.56 according to Yahoo Finance. Power Solutions International (PSIX) has seen its stock surge nearly 4,500% over the past thirty months, but insiders are now selling heavily, raising concerns about aggressive accounting practices. The company, once led by former CEO Gary Winemaster—charged in 2019 with accounting fraud for inflating revenues—appears to have shifted control to Chinese majority owner Weichai Power. Today, the board is dominated by Chinese executives, with longtime director Kenneth Landini recently resigning after criticizing governance failures, risk oversight lapses, and the refusal to reward management with equity compensation despite extraordinary share price gains. His departure leaves only one U.S. director, Frank Simpkins, who sits on the audit committee and has signed off on PSIX's unu Show less Read more
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