Vista Partners Updates Coverage on Power Solutions International, Inc. (NASDAQ: PSIX); Price Target Raised to $110.00

SAN FRANCISCO, CA--(Marketwired - Apr 8, 2014) - Vista Partners announced today that it has updated coverage on Power Solutions International, Inc. (NASDAQ: PSIX) ("The Company," or "PSI"); and raised its twelve month price target to $110.00. Ross Silver, Principal Analyst at Vista Partners, stated, "PSI beat 2013 revenue guidance and achieved 17.5% revenue growth year-over-year for the year ended December 31, 2013. Revenue guidance in 2013 was to be in a range of $225M to $235M, PSI produced $237.8M of revenues. PSI is one of the largest providers of industrial gas and alternative fuel engines in North America and has over 20 years of experience serving emission control system solutions. The Company's 2014 revenue guidance is $310M to $330M." Mr. Silver concludes, "Last year the Company saw its oil and gas sales grow substantially, almost doubling from $31.3 million in 2012 to $60 million in 2013 and has experienced a CAGR of 70% since 2011. With domestic oil production and exploration continuing to boom, PSI seems to have tapped into a large reserve of new potential clients."

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