Wall Street brokerages predict that Ideal Power Inc. (NASDAQ:IPWR) will post sales of $630,000.00 for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Ideal Power’s earnings, with the highest sales estimate coming in at $1.30 million and the lowest estimate coming in at $330,000.00. Ideal Power posted sales of $320,000.00 during the same quarter last year, which would indicate a positive year over year growth rate of 96.9%. The business is scheduled to announce its next quarterly earnings report on Thursday, August 10th.

According to Zacks, analysts expect that Ideal Power will report full-year sales of $630,000.00 for the current year, with estimates ranging from $2.80 million to $6.70 million. For the next year, analysts expect that the firm will report sales of $17.99 million per share, with estimates ranging from $13.10 million to $25.90 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Ideal Power.

Several brokerages have recently weighed in on IPWR. Zacks Investment Research cut Ideal Power from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. ValuEngine cut Ideal Power from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. Finally, FBR & Co restated a “buy” rating and set a $6.00 target price on shares of Ideal Power in a report on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $5.38.

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A hedge fund recently bought a new stake in Ideal Power stock. King Luther Capital Management Corp purchased a new stake in Ideal Power Inc. (NASDAQ:IPWR) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 59,100 shares of the industrial products company’s stock, valued at approximately $192,000. King Luther Capital Management Corp owned 0.42% of Ideal Power as of its most recent filing with the SEC. Hedge funds and other institutional investors own 26.78% of the company’s stock.

Shares of Ideal Power (NASDAQ:IPWR) opened at 2.62 on Friday. The firm’s 50-day moving average price is $2.27 and its 200-day moving average price is $2.55. Ideal Power has a 12 month low of $2.00 and a 12 month high of $5.60. The stock’s market capitalization is $36.67 million.

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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Earnings History and Estimates for Ideal Power (NASDAQ:IPWR)

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