Wall Street Zen Downgrades Ideal Power (NASDAQ:IPWR) to Sell

Ideal Power (NASDAQ:IPWR) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ideal Power in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $10.75.

Ideal Power Stock Performance

Shares of Ideal Power stock opened at $2.88 on Friday. Ideal Power has a one year low of $2.62 and a one year high of $6.90. The stock’s fifty day moving average is $3.58 and its 200 day moving average is $4.13. The stock has a market cap of $24.71 million, a P/E ratio of -2.48 and a beta of 1.02.

Ideal Power (NASDAQ:IPWR) last released its earnings results on Tuesday, March 10th. The industrial products company reported ($0.21) earnings per share for the quarter, beating the consensus estimate of ($0.31) by $0.10. Ideal Power had a negative return on equity of 82.78% and a negative net margin of 26,225.58%.

Insider Activity

In related news, CEO David M. Somo acquired 90,909 shares of Ideal Power stock in a transaction dated Wednesday, February 25th. The shares were purchased at an average price of $2.75 per share, for a total transaction of $249,999.75. Following the completion of the transaction, the chief executive officer directly owned 338,347 shares in the company, valued at approximately $930,454.25. This represents a 36.74% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.36% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Ideal Power

A number of hedge funds and other institutional investors have recently modified their holdings of IPWR. Jane Street Group LLC purchased a new position in Ideal Power during the second quarter valued at $54,000. AlphaCore Capital LLC purchased a new stake in Ideal Power in the 4th quarter worth $57,000. Susquehanna International Group LLP purchased a new stake in Ideal Power in the 3rd quarter worth $132,000. Citadel Advisors LLC bought a new position in shares of Ideal Power during the 3rd quarter valued at about $160,000. Finally, AMH Equity Ltd bought a new position in shares of Ideal Power during the 3rd quarter valued at about $785,000. Institutional investors own 16.37% of the company’s stock.

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.