Intel stock spikes after report of possible US government stake
Power Solutions International (NASDAQ:PSIX) CEO Constantine Xykis sold 26,005 shares of common stock on August 12, 2025, for a total of $2.49 million. The transaction comes as the company’s stock has delivered remarkable returns, surging over 620% in the past year according to InvestingPro data.
The sales were executed in two transactions. The prices for these sales ranged from $95.02 to $96.50. Following these transactions, Xykis directly owns 7,854 shares of Power Solutions International, now valued at approximately $2.08 billion. InvestingPro analysis shows the stock currently trades above its Fair Value, with analysts setting a price target of $127 and rating the company’s overall financial health as GREAT.
In other recent news, Power Solutions International, Inc. has secured a $135 million credit facility through an amendment to its Uncommitted Revolving Credit Agreement with Standard Chartered Bank. This agreement, finalized on July 30, 2025, extends the credit facility until July 30, 2027, and includes the full repayment of previous borrowings from Weichai America Corp. Additionally, the company announced the resignation of Kenneth W. Landini from its board of directors and audit committee, effective July 23. Landini cited disagreements over board practices related to exchange listing obligations and management compensation in his resignation letter, which the board has publicly disagreed with.
In another development, Power Solutions International is set to be included in the Russell 3000®, Russell 2000®, and Russell Microcap® indexes, following an announcement from FTSE Russell. This inclusion is expected to occur after the U.S. market opens on June 30, 2025, and follows the company’s recent addition to the MSCI US Small Cap Index on May 30. The annual reconstitution of the Russell US indexes ranks the largest 4,000 U.S. stocks by market capitalization. These developments mark significant changes for Power Solutions International in both financial and governance areas.
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