Power Solutions Surrenders Some Early Gains Following Announcement Of $60 Million Investment

Power Solutions International Inc PSIX shares are trading higher by $2.10 (28 percent) at $8.50 in Tuesday's session.

After Monday's close, the maker and distributor of cleantech engines and power systems for the industrial and on-road sectors reported a $60 million investment from Weichai America.

That news instigated a much higher opening print, which had some follow through until finding sellers at $10.78 and reversing course. That high is just below a series of five consecutive highs from December 16 to December 20 in the $10.89 to $11.05 range.

Since reaching that elevated level, Power Solution's stock declined to $8.27 and isn't far off that level. In order to reach the upper-end of Monday's range, it would need to reach $6.55.