Ideal Power Inc (NASDAQ:IPWR) has been given an average recommendation of “Hold” by the six brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $3.38.
IPWR has been the topic of a number of recent analyst reports. Roth Capital restated a “hold” rating and set a $1.00 target price on shares of Ideal Power in a report on Wednesday, March 7th. HC Wainwright restated a “buy” rating and set a $4.00 target price on shares of Ideal Power in a report on Wednesday, March 7th. B. Riley downgraded shares of Ideal Power from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $5.00 to $2.50 in a report on Wednesday, March 7th. Finally, Zacks Investment Research downgraded shares of Ideal Power from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th.
Shares of Ideal Power (IPWR) traded down $0.02 during mid-day trading on Wednesday, hitting $1.25. 222,678 shares of the stock were exchanged, compared to its average volume of 368,222. The company has a market capitalization of $17.50, a price-to-earnings ratio of -1.56 and a beta of 1.12. Ideal Power has a twelve month low of $1.06 and a twelve month high of $3.59.
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About Ideal Power
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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