Ideal Power (NASDAQ:IPWR) Rating Increased to Hold at Wall Street Zen

Ideal Power (NASDAQ:IPWR) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ideal Power in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Ideal Power presently has an average rating of “Hold” and an average target price of $10.75.

Ideal Power Stock Down 7.6%

Shares of IPWR opened at $3.16 on Friday. Ideal Power has a 52-week low of $2.62 and a 52-week high of $6.90. The stock has a fifty day simple moving average of $3.66 and a two-hundred day simple moving average of $4.28. The company has a market capitalization of $27.11 million, a PE ratio of -2.72 and a beta of 1.02.

Ideal Power (NASDAQ:IPWR) last announced its quarterly earnings results on Tuesday, March 10th. The industrial products company reported ($0.21) earnings per share for the quarter, beating the consensus estimate 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 Activity at Ideal Power

In other Ideal Power news, CEO David M. Somo purchased 90,909 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were acquired at an average price of $2.75 per share, with a total value of $249,999.75. Following the purchase, the chief executive officer directly owned 338,347 shares in the company, valued at approximately $930,454.25. This trade represents a 36.74% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 5.36% of the stock is currently owned by company insiders.

Institutional Trading of Ideal Power

Institutional investors and hedge funds have recently bought and sold shares of the stock. AWM Investment Company Inc. lifted its position in Ideal Power by 21.7% in the fourth quarter. AWM Investment Company Inc. now owns 786,094 shares of the industrial products company’s stock valued at $2,429,000 after buying an additional 140,349 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in shares of Ideal Power during the fourth quarter valued at about $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 in the 3rd quarter valued at approximately $160,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Ideal Power by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 359,089 shares of the industrial products company’s stock worth $1,806,000 after acquiring an additional 16,883 shares during the last quarter. 16.37% of the stock is currently owned by hedge funds and other institutional investors.

Ideal Power Company Profile

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.