Zacks Investment Research lowered shares of Active Power Inc. (NASDAQ:ACPW) from a buy rating to a hold rating in a research report released on Tuesday morning.

According to Zacks, “Active Power, Inc. designs, manufactures and markets power quality products that provide the consistent, reliable electric power required by today’s digital economy. The company is the first company to commercialize a flywheel energy storage system that provides a highly reliable, low-cost and non-toxic replacement for lead-acid batteries used in conventional power quality installations. The company has developed a battery-free power quality system which is marketed under the Caterpillar brand name. “

Active Power (NASDAQ:ACPW) opened at 0.3305 on Tuesday. Active Power has a 12-month low of $0.29 and a 12-month high of $1.74. The stock’s market capitalization is $7.64 million. The firm’s 50-day moving average is $0.34 and its 200-day moving average is $0.55.

Active Power (NASDAQ:ACPW) last posted its quarterly earnings data on Tuesday, July 26th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.04. Active Power had a negative return on equity of 88.30% and a negative net margin of 24.03%. The firm had revenue of $10.73 million for the quarter, compared to the consensus estimate of $7.20 million. Analysts predict that Active Power will post ($0.38) EPS for the current fiscal year.

In other news, major shareholder Perlus Microcap Fund L.P Pvam sold 81,774 shares of the firm’s stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $0.38, for a total value of $31,074.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 20.00% of the stock is owned by insiders.

An institutional investor recently raised its position in Active Power stock. Renaissance Technologies LLC boosted its stake in shares of Active Power Inc. (NASDAQ:ACPW) by 20.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 424,475 shares of the company’s stock after buying an additional 72,475 shares during the period. Renaissance Technologies LLC owned 1.84% of Active Power worth $412,000 as of its most recent filing with the SEC. 12.20% of the stock is currently owned by institutional investors.

About Active Power

Active Power, Inc designs, manufactures, sells and services flywheel-based uninterruptible power supply (UPS) products that use kinetic energy to provide short-term power as a cleaner alternative to electro-chemical battery-based energy storage. The Company also designs, manufactures, sells and services modular infrastructure solutions (MIS) that integrate critical power components into a pre-packaged, purpose built enclosure.

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