B+
Bull case
25%
Probability
Target price
$39.00
Analysis reference price unavailable
Analysis 2026-09-10 · RankAlpha Sentiment Codex
PPIH
Perma-Pipe InternationalBNasdaq / Capital Goods
Last Price
Quote time unavailable
Current thesis
The print showed strong demand: sales grew 24.4%, gross profit rose 20.7%, backlog reached $142.3 million, and second-quarter awards exceeded $67 million. Operating cash flow was also positive, while the Ohio ramp and MENA initiatives add identifiable growth avenues.
Posture
Constructive
Lead driver
Sentiment
What changed
Sentiment remains the lead driver in the composite, 7D delta -4.1.
What can break
A $3.9 million provision for an uncollectible customer receivable highlights customer-credit and project-collection risk. [#SEC-8K-2026-09-09]
Momentum
79
Value
64
Sentiment
65
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $32.00 · Bull $39.00 · Bear $22.50Analysis 2026-09-10; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-08-17 • Vendor: Data Vendor v1
Scores
As of 2026-09-11 • Model: HYBRID_IC_RP
AI Memo
As of 2026-09-10 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-09-11
Investment thesis
As of 2026-09-11
Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-09-11. Definitions
Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net Neutral
Target $38.00
Why
Momentum79 · Δ7d +12.9
Value64 · Δ7d -0.0
Sentiment65 · Δ7d -4.1
So what
Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.
Confirming evidence
- • Sentiment remains the lead driver in the composite, 7D delta -4.1.
Contradictions & invalidation
- • A $3.9 million provision for an uncollectible customer receivable highlights customer-credit and project-collection risk. [#SEC-8K-2026-09-09]
- • Backlog conversion, international project timing, incremental borrowing, and new-facility execution can create volatile quarterly results.
- • Earnings quality was mixed.
Catalyst clock
2026-12-15
Backlog and order conversion support second-half sales visibility
Lead driver: Sentiment · See AI snapshot
Momentum
79
9% active weight
Current posture
7d trendSoftening
Δ7d
+12.9
Δ21d
+50.3
Value
64
28% active weight
Current posture
7d trendFlat
Δ7d
-0.0
Δ21d
+0.1
Sentiment
65
62% active weight
Current posture
7d trendSoftening
Δ7d
-4.1
Δ21d
-5.5
Why this grade
Composite grade B. Momentum 79.3 / Value 64.3 / Sentiment 65.4
Scenario snapshot
Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-09-10. Scenario method
Most likely
B
Base case
50%
Probability
Target price
$32.00
Analysis reference price unavailable
Analysis 2026-09-10 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$22.50
Analysis reference price unavailable
Analysis 2026-09-10 · RankAlpha Sentiment Codex
Fundamentals (TTM)As of 2026-08-17
Fundamentals (TTM)
As of 2026-08-17
Market Cap
$216.23M
Beta
0.52
Shares Out
8.13M
P/E (TTM)
18.8
P/S (TTM)
1.30
P/FCF (TTM)
21.22
Rev YoY
+7.5%
EPS YoY
-64.4%
Gross Margin
+30.6%
Op Margin
+12.2%
Net Debt
$24.57M
Current Ratio
2.31
As of 2026-09-11 • Updated nightlySource: Internal modelMethods & Data