Power Solutions International (PSIX) has disclosed a new risk, in the Regulation category.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Power Solutions International faces significant business risk due to statute compliance disruptions stemming from the United States’ Uyghur Forced Labor Prevention Act (UFLPA). Since the enforcement of this law, which prohibits imports from Xinjiang, China, the company has encountered delays and suspensions in importing critical raw materials and forklift products. These disruptions threaten to delay order fulfillment and affect future sales as the company scrambles to source alternatives while upholding quality standards. Intensified UFLPA enforcement may continue to challenge Power Solutions International’s supply chain, necessitating rigorous vendor vetting to prevent further operational interruptions.
Overall, Wall Street has a Moderate Buy consensus rating on PSIX stock based on 1 Buy.
To learn more about Power Solutions International’s risk factors, click here.
