Ideal Power Inc. (IPWR) Earns Outperform Rating from Analysts at FBR & Co
Equities researchers at FBR & Co initiated coverage on shares of Ideal Power Inc. (NASDAQ:IPWR) in a research note issued on Friday. The firm set an “outperform” rating and a $8.00 price target on the stock. FBR & Co’s price objective points to a potential upside of 99.00% from the company’s current price.
A number of other brokerages have also recently commented on IPWR. Zacks Investment Research cut shares of Ideal Power from a “hold” rating to a “sell” rating in a research note on Monday, October 31st. Roth Capital set a $14.00 price target on shares of Ideal Power and gave the company a “buy” rating in a research note on Monday, September 19th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $11.42.
Ideal Power (NASDAQ:IPWR) opened at 4.02 on Friday. The firm has a 50-day moving average of $4.89 and a 200-day moving average of $4.94. The firm’s market capitalization is $38.42 million. Ideal Power has a 52-week low of $3.73 and a 52-week high of $8.55.
Ideal Power (NASDAQ:IPWR) last announced its quarterly earnings results on Thursday, November 10th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by $0.01. Ideal Power had a negative net margin of 504.67% and a negative return on equity of 85.08%. On average, equities research analysts forecast that Ideal Power will post ($1.15) EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the stock. S Squared Technology LLC raised its position 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 valued at $2,892,000 after buying an additional 44,904 shares during the last quarter. Vanguard Group Inc. raised its position in 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 in the last quarter. Commonwealth Equity Services Inc raised its position in 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 in the last quarter. GAM Holding AG raised its position in Ideal Power by 9.0% in the third quarter. GAM Holding AG now owns 36,409 shares of the company’s stock worth $188,000 after buying an additional 3,000 shares in the last quarter. Finally, BlackRock Fund Advisors raised its position in 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 in the last quarter. 30.38% of the stock is currently owned by institutional investors.
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.
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