B. Riley restated their buy rating on shares of Ideal Power Inc. (NASDAQ:IPWR) in a research report report published on Monday morning. They currently have a $5.00 price target on the industrial products company’s stock.
A number of other brokerages also recently weighed in on IPWR. HC Wainwright set a $4.00 price objective on shares of Ideal Power and gave the company a buy rating in a research report on Friday, August 11th. ValuEngine raised shares of Ideal Power from a strong sell rating to a sell rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research raised shares of Ideal Power from a sell rating to a hold rating in a research report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $5.00.
Ideal Power (NASDAQ IPWR) traded down $0.48 on Monday, hitting $1.56. 562,800 shares of the stock traded hands, compared to its average volume of 87,876. Ideal Power has a one year low of $1.45 and a one year high of $4.98.
Ideal Power (NASDAQ:IPWR) last announced its quarterly earnings data on Thursday, November 9th. The industrial products company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.05. Ideal Power had a negative net margin of 839.03% and a negative return on equity of 83.89%. The business had revenue of $0.40 million during the quarter, compared to the consensus estimate of $0.61 million. The company’s quarterly revenue was up .0% on a year-over-year basis. equities research analysts forecast that Ideal Power will post -0.89 earnings per share for the current fiscal year.
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About Ideal Power
Ideal Power Inc (Ideal Power) designs, markets and sells electrical power conversion products using its Power Packet Switching Architecture (PPSA) technology. The Company’s PPSA is a power conversion technology that utilizes standardized hardware with application specific embedded software. It sells products to systems integrators for integration into their system, which enable end users to manage their electricity consumption by reducing demand charges or fossil fuel consumption, integrating renewable energy sources and form their own microgrid.
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