Ideal Power Inc. (IPWR) Receives $5.00 Average Target Price from Analysts

Shares of Ideal Power Inc. (NASDAQ:IPWR) have been assigned an average recommendation of “Hold” from the six brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $5.00.

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Several research firms have recently issued reports on IPWR. HC Wainwright set a $4.00 price objective on shares of Ideal Power and gave the company a “buy” rating in a report on Friday, August 11th. Zacks Investment Research cut shares of Ideal Power from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. ValuEngine cut shares of Ideal Power from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. Finally, FBR & Co reiterated a “buy” rating and issued a $6.00 price objective on shares of Ideal Power in a report on Monday, May 15th.

An institutional investor recently bought a new position in Ideal Power stock. King Luther Capital Management Corp purchased a new stake in shares of Ideal Power Inc. (NASDAQ:IPWR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 59,100 shares of the industrial products company’s stock, valued at approximately $192,000. King Luther Capital Management Corp owned about 0.42% of Ideal Power as of its most recent filing with the SEC. 26.99% of the stock is currently owned by institutional investors.

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Ideal Power (NASDAQ:IPWR) traded up 5.53% during trading on Friday, reaching $2.48. The company had a trading volume of 86,500 shares. Ideal Power has a 1-year low of $1.91 and a 1-year high of $5.60. The stock’s market capitalization is $34.71 million. The firm has a 50-day moving average of $2.42 and a 200-day moving average of $2.51.

Ideal Power (NASDAQ:IPWR) last posted its quarterly earnings data on Thursday, August 10th. The industrial products company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by $0.03. The company had revenue of $0.25 million during the quarter, compared to the consensus estimate of $0.51 million. Ideal Power had a negative net margin of 895.37% and a negative return on equity of 95.52%. On average, analysts anticipate that Ideal Power will post ($0.89) EPS for the current fiscal year.

About Ideal Power

Ideal Power Inc (Ideal Power) designs, markets and sells electrical power conversion products using its Power Packet Switching Architecture (PPSA) technology. The Company’s PPSA is a power conversion technology that utilizes standardized hardware with application specific embedded software. It sells products to systems integrators for integration into their system, which enable end users to manage their electricity consumption by reducing demand charges or fossil fuel consumption, integrating renewable energy sources and form their own microgrid.