Ideal Power’s (IPWR) Buy Rating Reaffirmed at B. Riley

Ideal Power (NASDAQ:IPWR)‘s stock had its “buy” rating restated by analysts at B. Riley in a report issued on Monday, November 13th. They currently have a $5.00 price objective on the industrial products company’s stock. B. Riley’s target price points to a potential upside of 192.40% from the company’s previous close. B. Riley also issued estimates for Ideal Power’s Q4 2017 earnings at ($0.15) EPS, FY2017 earnings at ($0.80) EPS, Q1 2018 earnings at ($0.17) EPS, Q2 2018 earnings at ($0.16) EPS, Q3 2018 earnings at ($0.16) EPS, Q4 2018 earnings at ($0.10) EPS and FY2018 earnings at ($0.59) EPS.

Several other research firms have also issued reports on IPWR. HC Wainwright set a $4.00 target price on Ideal Power and gave the stock a “buy” rating in a report on Friday, August 11th. ValuEngine upgraded Ideal Power from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research upgraded Ideal Power from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. Ideal Power currently has an average rating of “Buy” and an average target price of $4.13.

Shares of Ideal Power (NASDAQ IPWR) opened at $1.71 on Monday. Ideal Power has a twelve month low of $1.40 and a twelve month high of $4.53.

Ideal Power (NASDAQ:IPWR) last issued its quarterly earnings results on Thursday, November 9th. The industrial products company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.05. Ideal Power had a negative return on equity of 83.89% and a negative net margin of 839.03%. The company had revenue of $0.40 million for the quarter, compared to analyst estimates of $0.61 million. Ideal Power’s revenue for the quarter was up .0% on a year-over-year basis. equities analysts forecast that Ideal Power will post -0.84 EPS for the current fiscal year.

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Ideal Power Company Profile

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.

Analyst Recommendations for Ideal Power (NASDAQ:IPWR)

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