Ideal Power (NASDAQ:IPWR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ideal Power (NASDAQ:IPWR) from a sell rating to a hold rating in a report released on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Ideal Power in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.75.

Ideal Power Stock Performance

Shares of IPWR stock opened at $3.21 on Friday. Ideal Power has a fifty-two week low of $2.62 and a fifty-two week high of $6.90. The stock’s fifty day moving average is $3.66 and its two-hundred day moving average is $4.25. The firm has a market capitalization of $27.54 million, a P/E ratio of -2.77 and a beta of 1.02.

Ideal Power (NASDAQ:IPWR) last released its earnings results on Tuesday, March 10th. The industrial products company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.10. Ideal Power had a negative net margin of 26,225.58% and a negative return on equity of 82.78%.

Insider Buying and Selling

In other news, CEO David M. Somo bought 90,909 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was bought at an average cost of $2.75 per share, with a total value of $249,999.75. Following the transaction, the chief executive officer directly owned 338,347 shares in the company, valued at $930,454.25. The trade was a 36.74% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.36% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ideal Power

A number of hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in Ideal Power in the second quarter valued at approximately $54,000. AlphaCore Capital LLC acquired a new position in Ideal Power during the 4th quarter worth approximately $57,000. Susquehanna International Group LLP purchased a new stake in shares of Ideal Power in the 3rd quarter valued at approximately $132,000. Citadel Advisors LLC purchased a new stake in shares of Ideal Power during the 3rd quarter worth $160,000. Finally, AMH Equity Ltd acquired a new position in shares of Ideal Power during the third quarter worth $785,000. Institutional investors and hedge funds own 16.37% of the company’s stock.

About Ideal Power

Ideal Power Inc, based in Austin, Texas, specializes in the design and manufacture of advanced power conversion solutions for a range of energy applications. The company’s core technology is its proprietary Coupled Power Delivery (CPD) architecture, which enables efficient bi-directional conversion between DC and DC, as well as DC and AC power streams. These solutions are widely applied in renewable energy systems, energy storage, microgrids, and electric mobility platforms.

Ideal Power’s product lineup includes bi-directional DC converters, solid-state transformers, and intelligent power controllers.