Ideal Power Inc. (NASDAQ:IPWR) received a $14.00 price objective from analysts at Roth Capital in a research report issued to clients and investors on Monday. The brokerage presently has a a “buy” rating on the stock. Roth Capital’s price target indicates a potential upside of 169.49% from the stock’s previous close.

Analyst Recommendations for Ideal Power (NASDAQ:IPWR)

Shares of Ideal Power (NASDAQ:IPWR) opened at 5.195 on Monday. The company’s 50-day moving average price is $5.07 and its 200 day moving average price is $4.83. Ideal Power has a 52 week low of $3.73 and a 52 week high of $9.65. The company’s market cap is $49.65 million.

Ideal Power (NASDAQ:IPWR) last posted its earnings results on Thursday, August 11th. The company reported ($0.26) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.31) by $0.05. Ideal Power had a negative return on equity of 72.36% and a negative net margin of 418.53%. On average, equities analysts forecast that Ideal Power will post ($1.12) EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the stock. S Squared Technology LLC increased its stake in Ideal Power by 8.3% in the second quarter. S Squared Technology LLC now owns 586,704 shares of the company’s stock valued at $2,892,000 after buying an additional 44,904 shares in the last quarter. Vanguard Group Inc. increased its stake in Ideal Power by 0.7% in the second quarter. Vanguard Group Inc. now owns 138,596 shares of the company’s stock valued at $683,000 after buying an additional 900 shares in the last quarter. Commonwealth Equity Services Inc increased its stake in Ideal Power by 13.6% in the second quarter. Commonwealth Equity Services Inc now owns 37,600 shares of the company’s stock valued at $185,000 after buying an additional 4,501 shares in the last quarter. Finally, BlackRock Fund Advisors increased its stake in Ideal Power by 1,584.4% in the second quarter. BlackRock Fund Advisors now owns 21,560 shares of the company’s stock valued at $106,000 after buying an additional 20,280 shares in the last quarter. 30.36% of the stock is currently owned by hedge funds and other institutional investors.

About Ideal Power

Ideal Power Inc (Ideal Power) provides solutions for markets, such as battery energy storage systems, integrated renewable energy and storage, and microgrid applications. Ideal Power has developed an electronic power conversion technology called Power Packet Switching Architecture (PPSA). Ideal Power’s PPSA is a transformerless power conversion system that provides the necessary electrical isolation required to connect electrical devices together on the grid.

5 Day Chart for NASDAQ:IPWR

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