Wall Street Zen Downgrades Ideal Power (NASDAQ:IPWR) to Sell

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

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

Ideal Power Price Performance

Shares of IPWR stock opened at $2.88 on Friday. The business has a 50-day moving average of $3.58 and a 200 day moving average of $4.13. Ideal Power has a 1-year low of $2.62 and a 1-year high of $6.90. The stock has a market capitalization of $24.71 million, a PE ratio of -2.48 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) EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.10. Ideal Power had a negative return on equity of 82.78% and a negative net margin of 26,225.58%.

Insider Activity at Ideal Power

In other Ideal Power news, CEO David M. Somo bought 90,909 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were purchased at an average price of $2.75 per share, for a total transaction of $249,999.75. Following the acquisition, the chief executive officer owned 338,347 shares in the company, valued at approximately $930,454.25. This represents a 36.74% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 5.36% of the company’s stock.

Hedge Funds Weigh In On Ideal Power

Hedge funds have recently bought and sold shares of the business. AWM Investment Company Inc. increased its position in Ideal Power by 21.7% during 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 acquiring an additional 140,349 shares during the last quarter. Vanguard Group Inc. lifted its stake 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 purchasing an additional 16,883 shares during the period. AMH Equity Ltd purchased a new position in shares of Ideal Power in the third quarter worth approximately $785,000. Citadel Advisors LLC purchased a new position in shares of Ideal Power in the third quarter worth approximately $160,000. Finally, Susquehanna International Group LLP bought a new stake in Ideal Power during the third quarter valued at approximately $132,000. Hedge funds and other institutional investors own 16.37% of the company’s stock.

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.