Ideal Power (NASDAQ:IPWR) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• Wall Street Zen upgraded Ideal Power from “strong sell” to “hold,” while Weiss Ratings moved its assessment from “sell (e+)” to “sell (d-).” MarketBeat’s overall rating is “Hold,” with a consensus price target of $10.75.
• Ideal Power shares opened at $5.23, with a 52-week range of $2.62 to $9.30 and a market capitalization of approximately $85.9 million.
• The company reported quarterly EPS of negative $0.20, better than the consensus estimate of negative $0.23, but revenue of $0.01 million fell short of the $0.10 million estimate. Institutional investors own 16.37% of the stock.

Ideal Power (NASDAQ:IPWR - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings upgraded Ideal Power from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday. 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, the company has an average rating of "Hold" and a consensus target price of $10.75.

Ideal Power Price Performance

Shares of NASDAQ:IPWR opened at $5.23 on Friday. Ideal Power has a 1 year low of $2.62 and a 1 year high of $9.30. The company has a market cap of $85.89 million, a P/E ratio of -4.93 and a beta of 1.81. The stock's fifty day moving average price is $4.80 and its 200-day moving average price is $4.41.

Ideal Power (NASDAQ:IPWR - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The industrial products company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.03. The business had revenue of $0.01 million during the quarter, compared to the consensus estimate of $0.10 million.

Institutional Investors Weigh In On Ideal Power

A number of hedge funds have recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in shares of Ideal Power during the 2nd quarter worth approximately $54,000. AlphaCore Capital LLC purchased a new position in Ideal Power during the 4th quarter valued at $57,000. Susquehanna International Group LLP bought a new position in shares of Ideal Power in the third quarter worth about $132,000. Citadel Advisors LLC bought a new position in Ideal Power in the 3rd quarter worth about $160,000. Finally, Vanguard Group Inc. grew its stake in Ideal Power by 4.9% in the third 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 in the last quarter. 16.37% of the stock is currently owned by hedge funds and other institutional investors.

About Ideal Power

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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