Ideal Power Inc. (NASDAQ:IPWR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “Ideal Power, Inc. is engaged in development of a novel, patented power conversion technology called Power Packet Switching Architecture(TM). The company also provides photovoltaic inverters and battery converters for grid storage and electrified vehicle fast-charging infrastructure. In addition, it offers hybrid power conversion systems and power switches. Ideal Power, Inc. is based in Spicewood, Texas. “

A number of other equities research analysts have also recently commented on IPWR. HC Wainwright set a $4.00 price target on shares of Ideal Power and gave the stock a “buy” rating in a report on Friday. ValuEngine raised shares of Ideal Power from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, FBR & Co reaffirmed a “buy” rating and issued a $6.00 price target on shares of Ideal Power in a report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Ideal Power presently has an average rating of “Hold” and a consensus price target of $5.10.

Ideal Power (NASDAQ IPWR) traded up 3.03% during midday trading on Tuesday, hitting $2.38. The company had a trading volume of 101,428 shares. Ideal Power has a one year low of $1.91 and a one year high of $5.60. The company’s market cap is $33.31 million. The company’s 50 day moving average is $2.37 and its 200-day moving average is $2.50.

Ideal Power (NASDAQ:IPWR) last posted its quarterly earnings results on Thursday, August 10th. The industrial products company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by $0.03. The company had revenue of $0.25 million during the quarter, compared to the consensus estimate of $0.51 million. Ideal Power had a negative return on equity of 102.50% and a negative net margin of 895.37%. On average, equities analysts predict that Ideal Power will post ($0.89) EPS for the current year.

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An institutional investor recently bought a new position in Ideal Power stock. King Luther Capital Management Corp purchased a new position in Ideal Power Inc. (NASDAQ:IPWR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 59,100 shares of the industrial products company’s stock, valued at approximately $192,000. King Luther Capital Management Corp owned about 0.42% of Ideal Power as of its most recent SEC filing. Hedge funds and other institutional investors own 26.99% of the company’s stock.

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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