Ideal Power Inc (NASDAQ:IPWR)‘s stock had its “outperform” rating reissued by research analysts at Oppenheimer in a research report issued to clients and investors on Wednesday, Marketbeat reports. They presently have a $17.00 target price on the stock. Oppenheimer’s price target would suggest a potential upside of 327.14% from the stock’s previous close.
A hedge fund recently raised its stake in Ideal Power stock. Electron Capital Partners LLC raised its position in shares of Ideal Power Inc (NASDAQ:IPWR) by 91.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 274,321 shares of the company’s stock after buying an additional 130,845 shares during the period. Ideal Power comprises about 0.8% of Electron Capital Partners LLC’s holdings, making the stock its 27th largest position. Electron Capital Partners LLC owned about 2.91% of Ideal Power worth $2,195,000 as of its most recent filing with the SEC.
Shares of Ideal Power (NASDAQ:IPWR) traded up 2.01% during mid-day trading on Wednesday, reaching $4.06. 69,921 shares of the company were exchanged. The stock has a 50 day moving average price of $4.69 and a 200-day moving average price of $6.77. Ideal Power has a 12 month low of $3.90 and a 12 month high of $11.53. The stock’s market capitalization is $38.29 million.
Other analysts also recently issued research reports about the stock. Rodman & Renshaw assumed coverage on shares of Ideal Power in a research report on Tuesday, January 26th. They set a “buy” rating and a $12.00 price objective for the company. Zacks Investment Research upgraded shares of Ideal Power from a “sell” rating to a “hold” rating in a research report on Thursday, February 18th. Roth Capital restated a “buy” rating on shares of Ideal Power in a research report on Wednesday, February 10th. Northland Securities restated an “outperform” rating on shares of Ideal Power in a research report on Wednesday, January 27th. Finally, HC Wainwright assumed coverage on shares of Ideal Power in a research report on Tuesday, January 26th. They set a “buy” rating and a $12.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $15.20.
In other Ideal Power news, Director Lon E. Bell bought 15,000 shares of the business’s stock in a transaction dated Thursday, February 25th. The shares were acquired at an average cost of $4.31 per share, with a total value of $64,650.00. Following the acquisition, the director now directly owns 45,861 shares of the company’s stock, valued at approximately $197,660.91. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Bill Alexander sold 5,000 shares of Ideal Power stock in a transaction on Thursday, January 28th. The shares were sold at an average price of $5.37, for a total transaction of $26,850.00. Following the completion of the transaction, the chief technology officer now directly owns 429,996 shares in the company, valued at $2,309,078.52. The disclosure for this sale can be found here.
Ideal Power Inc (NASDAQ:IPWR) provides solutions for markets, such as battery energy storage systems, integrated renewable energy and storage, and microgrid applications. Ideal Power has developed an electronic power conversion technology called Power Packet Switching Architecture (PPSA).
