PSIX Class Action Reminder - Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the Power Solutions International, Inc. Class Action
Globenewswire·2026-03-26 20:57

Core Viewpoint - A class action has been filed against Power Solutions International, Inc. (PSIX) for allegedly misleading investors about its business prospects and financial performance during the specified period [1][2]. Allegations - The complaint alleges that Power Solutions overstated its ability to capture sales demand in the data center market and understated the impact of manufacturing capacity enhancements, leading to materially misleading statements about the company's operations and prospects [2]. - Specific allegations include the failure to disclose the expected costs and nature of inefficiencies related to production ramp-up for data center products [2]. Financial Performance - On March 2, 2026, Power Solutions announced its fourth quarter and full year 2025 financial results, revealing an 8% year-over-year decline in gross margin due to operating inefficiencies from accelerated production for data center products [3]. - The company projected only moderate margin improvement for 2026 and indicated that it was beginning to see measurable improvements in supply chain performance and manufacturing cost structures [3]. - Following the announcement, Power Solutions' stock price fell by $24.84, or 28.97%, closing at $60.91 on March 3, 2026 [3]. Class Action Participation - Shareholders interested in serving as lead plaintiffs must file their papers by May 19, 2026, and can remain absent class members if they choose not to participate [4].

PSIX Class Action Reminder - Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the Power Solutions International, Inc. Class Action - Reportify