AIGH Capital Management LLC Has $2.58 Million Stock Position in Ideal Power Inc. $IPWR

AIGH Capital Management LLC lessened its stake in shares of Ideal Power Inc. (NASDAQ:IPWR) by 23.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 513,047 shares of the industrial products company’s stock after selling 155,576 shares during the quarter. AIGH Capital Management LLC owned about 6.04% of Ideal Power worth $2,577,000 at the end of the most recent reporting period.

Separately, AMH Equity Ltd acquired a new position in Ideal Power during the 3rd quarter worth approximately $785,000. 16.37% of the stock is owned by hedge funds and other institutional investors.

Ideal Power Stock Down 1.0%

IPWR stock opened at $3.97 on Friday. The firm has a market capitalization of $33.86 million, a PE ratio of -3.20 and a beta of 0.73. Ideal Power Inc. has a twelve month low of $2.76 and a twelve month high of $7.56. The stock’s 50 day moving average is $3.59 and its 200-day moving average is $4.64.

Ideal Power (NASDAQ:IPWR) last released its quarterly earnings results on Thursday, November 13th. The industrial products company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.02). Ideal Power had a negative net margin of 26,225.58% and a negative return on equity of 80.27%. The company had revenue of $0.02 million during the quarter, compared to analysts’ expectations of $0.02 million.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on IPWR shares. Wall Street Zen cut Ideal Power to a “strong sell” rating in a research note on Saturday, October 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ideal Power in a research report on Monday, December 29th. Finally, Westpark Capital upgraded shares of Ideal Power from a “hold” rating to a “buy” rating and set a $10.75 price target for the company in a research note on Tuesday, November 11th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $10.75.

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.