Ideal Power (IPWR) Given “Hold” Rating at Roth Capital

Roth Capital reissued their hold rating on shares of Ideal Power (NASDAQ:IPWR) in a research note released on Wednesday morning. Roth Capital currently has a $1.00 target price on the industrial products company’s stock.

IPWR has been the topic of several other research reports. B. Riley cut Ideal Power from a buy rating to a neutral rating and lowered their price target for the company from $5.00 to $2.50 in a report on Wednesday. Zacks Investment Research raised Ideal Power from a hold rating to a buy rating and set a $1.50 price target on the stock in a report on Wednesday, January 10th. Finally, HC Wainwright reaffirmed a buy rating and issued a $4.00 price target on shares of Ideal Power in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Ideal Power currently has a consensus rating of Hold and an average target price of $3.00.

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Shares of Ideal Power (IPWR) opened at $1.27 on Wednesday. Ideal Power has a 1-year low of $1.06 and a 1-year high of $3.59.

Ideal Power (NASDAQ:IPWR) last released its quarterly earnings results on Tuesday, March 6th. The industrial products company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.04. Ideal Power had a negative return on equity of 66.57% and a negative net margin of 852.02%. The firm had revenue of $0.24 million for the quarter, compared to analysts’ expectations of $0.71 million. analysts forecast that Ideal Power will post -0.54 EPS for the current fiscal year.

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Ideal Power Company Profile

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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