Ideal Power Inc. (NASDAQ:IPWR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

According to Zacks, “Ideal Power, Inc. is engaged in development of a novel, patented power conversion technology called Power Packet Switching Architecture(TM). The company also provides photovoltaic inverters and battery converters for grid storage and electrified vehicle fast-charging infrastructure. In addition, it offers hybrid power conversion systems and power switches. Ideal Power, Inc. is based in Spicewood, Texas. “

Separately, Roth Capital set a $14.00 price objective on shares of Ideal Power and gave the stock a “buy” rating in a research report on Monday, September 19th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $12.10.

Analyst Recommendations for Ideal Power (NASDAQ:IPWR)

Shares of Ideal Power (NASDAQ:IPWR) traded down 1.00% on Monday, hitting $4.95. 4,442 shares of the stock traded hands. Ideal Power has a one year low of $3.73 and a one year high of $9.65. The stock has a 50 day moving average of $5.09 and a 200 day moving average of $4.94. The company’s market cap is $47.31 million.

Ideal Power (NASDAQ:IPWR) last posted its quarterly earnings data on Thursday, August 11th. The company reported ($0.26) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.05. Ideal Power had a negative net margin of 418.53% and a negative return on equity of 72.36%. Equities analysts anticipate that Ideal Power will post ($1.12) earnings per share for the current year.

Several large investors have recently modified their holdings of IPWR. BlackRock Fund Advisors boosted its stake in shares of Ideal Power by 1,584.4% in the second quarter. BlackRock Fund Advisors now owns 21,560 shares of the company’s stock worth $106,000 after buying an additional 20,280 shares during the period. Commonwealth Equity Services Inc boosted its stake in shares of Ideal Power by 13.6% in the second quarter. Commonwealth Equity Services Inc now owns 37,600 shares of the company’s stock worth $185,000 after buying an additional 4,501 shares during the period. Vanguard Group Inc. boosted its stake in shares of Ideal Power by 0.7% in the second quarter. Vanguard Group Inc. now owns 138,596 shares of the company’s stock worth $683,000 after buying an additional 900 shares during the period. Finally, S Squared Technology LLC boosted its stake in shares of Ideal Power by 8.3% in the second quarter. S Squared Technology LLC now owns 586,704 shares of the company’s stock worth $2,892,000 after buying an additional 44,904 shares during the period. Institutional investors and hedge funds own 30.15% of the company’s stock.

About Ideal Power

Ideal Power Inc (Ideal Power) provides solutions for markets, such as battery energy storage systems, integrated renewable energy and storage, and microgrid applications. Ideal Power has developed an electronic power conversion technology called Power Packet Switching Architecture (PPSA). Ideal Power’s PPSA is a transformerless power conversion system that provides the necessary electrical isolation required to connect electrical devices together on the grid.

5 Day Chart for NASDAQ:IPWR

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