Business
Power Solutions International Set to Join Russell 3000®, Russell 2000®, and Russell Microcap® Indexes
WOOD DALE, Ill., June 09, 2025 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (the “Company” or “PSI”) (Nasdaq: PSIX), a leader in the design,
About this update from Power Solutions International, Inc.
[{"type":"text","content":"WOOD DALE, Ill., June 09, 2025 (GLOBE NEWSWIRE) -- Power Solutions International, Inc. (the “Company” or “PSI”) (Nasdaq: PSIX), a leader in the design, engineering and manufacture of emission-certified engines and power systems, announced today that it has been tentatively named to the Russell 3000®, Russell 2000® and Russell Microcap® indexes, according to a preliminary list of additions posted by FTSE Russell on June 6. Final inclusion is expected to take effect after the U.S. market opens on June 30, 2025. In addition to the Russell 3000®, Russell 2000® and Russell Microcap® indexes, the company was added to the Morgan Stanley Capital International (MSCI) US Small Cap Index after the market opened on May 30. The annual reconstitution of the Russell US indexes captures the 4,000 largest US stocks as of April 30, ranking them by total market capitalization. Membership in the Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider. The MSCI USA Small Cap Index is designed to measure the performance of the small cap segment of the US equity market. With 1,695 constituents, the index represents approximately 14% of the free float-adjusted market capitalization in the US. “We are honored to be considered for the Russell 3000®, Russell 2000®, Russell Microcap® indexes and the MSCI US Small Cap Index. These preliminary inclusions reflect the continued progress we’re making in strengthening our business and delivering value to our customers and shareholders,” said Dino Xykis, Chief Executive Officer of Power Solutions International. “This milestone highlights PSI’s growing presence in the power systems, data center products, and industrial engine markets, and we believe it will enhance our visibility with a broader base of ...