AWM Investment Company Inc. bought a new stake in Ideal Power Inc. (NASDAQ:IPWR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,346,244 shares of the industrial products company's stock, valued at approximately $7,216,000. AWM Investment Company Inc. owned 8.20% of Ideal Power at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new stake in shares of Ideal Power during the 2nd quarter worth about $54,000. AlphaCore Capital LLC acquired a new stake in Ideal Power in the fourth quarter worth approximately $57,000. Susquehanna International Group LLP acquired a new stake in Ideal Power in the third quarter worth approximately $132,000. Citadel Advisors LLC bought a new position in Ideal Power during the 3rd quarter valued at $160,000. Finally, Vanguard Group Inc. raised 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 buying an additional 16,883 shares in the last quarter. Institutional investors own 16.37% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on IPWR shares. Weiss Ratings upgraded shares of Ideal Power from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, August 11th. Wall Street Zen raised Ideal Power from a "strong sell" rating to a "hold" rating in a report on Saturday, August 15th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Ideal Power presently has an average rating of "Hold" and a consensus target price of $10.75.
View Our Latest Report on IPWR
Ideal Power Trading Up 1.1%
IPWR stock opened at $4.70 on Wednesday. The firm has a market cap of $77.22 million, a PE ratio of -4.43 and a beta of 1.81. Ideal Power Inc. has a 1 year low of $2.62 and a 1 year high of $9.30. The company has a fifty day simple moving average of $4.65 and a 200 day simple moving average of $4.43.
Ideal Power (NASDAQ:IPWR - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The industrial products company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.03. The company had revenue of $0.01 million for the quarter, compared to analyst estimates of $0.10 million.
About Ideal Power
(
Free Report)
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.
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