Ideal Power (NASDAQ:IPWR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ideal Power (NASDAQ:IPWR) from a strong sell rating to a hold rating in a report published on Saturday.

Separately, Weiss Ratings upgraded shares of Ideal Power from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.75.

Ideal Power Stock Performance

Shares of Ideal Power stock opened at $5.20 on Friday. Ideal Power has a 52 week low of $2.62 and a 52 week high of $9.30. The stock has a 50 day moving average price of $4.78 and a two-hundred day moving average price of $4.42. The stock has a market capitalization of $85.39 million, a PE ratio of -4.91 and a beta of 1.81.

Ideal Power (NASDAQ:IPWR) last issued its earnings results on Thursday, August 13th. The industrial products company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.03. The firm had revenue of $0.01 million for the quarter, compared to analyst estimates of $0.10 million.

Institutional Trading of Ideal Power

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new stake in shares of Ideal Power in the second quarter worth approximately $54,000. AlphaCore Capital LLC bought a new position in shares of Ideal Power in the fourth quarter valued at approximately $57,000. Susquehanna International Group LLP purchased a new position in shares of Ideal Power during the third quarter valued at approximately $132,000. Citadel Advisors LLC purchased a new position in shares of Ideal Power during the third quarter valued at approximately $160,000. Finally, Vanguard Group Inc. grew its holdings in Ideal Power by 4.9% during the third quarter. Vanguard Group Inc. now owns 359,089 shares of the industrial products company’s stock worth $1,806,000 after buying an additional 16,883 shares in the last quarter. 16.37% of the stock is owned by 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.