UPDATE: Barrington Research Initiates Coverage on Power Solutions International

According to a research report published this morning, Barrington Research has initiated Power Solutions International PSIX with an Outperform rating and $25 PT. In the report, Barrington Research said, "In our view, PSIX is benefitting from a forward looking management team developing alternative fuel engine products for niche industrial applications. Recent developments in the North American energy extraction technology have resulted in low natural gas prices and derivative gases. PSIX is developing engine products that run on cheap natural gas products. Much of the company's 2012-2014 sales growth will result from engine products already developed that are being applied to industrial applications." Power Solutions International closed yesterday at $15.00.