Equities analysts expect Ideal Power Inc. (NASDAQ:IPWR) to report $610,000.00 in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Ideal Power’s earnings, with estimates ranging from $380,000.00 to $1.10 million. Ideal Power posted sales of $440,000.00 during the same quarter last year, which suggests a positive year over year growth rate of 38.6%. The firm is scheduled to report its next quarterly earnings report on Thursday, November 9th.

According to Zacks, analysts expect that Ideal Power will report full-year sales of $610,000.00 for the current fiscal year, with estimates ranging from $1.70 million to $3.50 million. For the next financial year, analysts expect that the business will post sales of $15.63 million per share, with estimates ranging from $12.08 million to $25.90 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Ideal Power.

Ideal Power (NASDAQ:IPWR) last released its earnings results on Thursday, August 10th. The industrial products company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.03). Ideal Power had a negative net margin of 895.37% and a negative return on equity of 95.52%. The company had revenue of $0.25 million during the quarter, compared to the consensus estimate of $0.51 million.

Several research analysts recently commented on IPWR shares. Zacks Investment Research lowered Ideal Power from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. ValuEngine upgraded Ideal Power from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, HC Wainwright set a $4.00 price target on Ideal Power and gave the stock a “buy” rating in a research report on Friday, August 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $5.00.

An institutional investor recently bought a new position in Ideal Power stock. King Luther Capital Management Corp purchased a new stake in shares of Ideal Power Inc. (NASDAQ:IPWR) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 59,100 shares of the industrial products company’s stock, valued at approximately $192,000. King Luther Capital Management Corp owned approximately 0.42% of Ideal Power as of its most recent filing with the Securities & Exchange Commission. 17.01% of the stock is owned by hedge funds and other institutional investors.

Shares of Ideal Power (NASDAQ:IPWR) opened at 2.44 on Friday. The stock has a 50 day moving average price of $2.56 and a 200-day moving average price of $2.51. Ideal Power has a 1-year low of $1.91 and a 1-year high of $5.60. The company’s market cap is $34.15 million.

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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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