Ideal Power (NASDAQ:IPWR) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen lowered shares of Ideal Power (NASDAQ:IPWR) from a hold rating to a sell rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Ideal Power in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.75.

Ideal Power Trading Down 7.4%

IPWR stock opened at $2.88 on Friday. Ideal Power has a 52 week low of $2.62 and a 52 week high of $6.90. The company has a market capitalization of $24.71 million, a price-to-earnings ratio of -2.48 and a beta of 1.02. The firm’s 50-day moving average is $3.58 and its two-hundred day moving average is $4.13.

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

Insider Activity

In other Ideal Power news, CEO David M. Somo acquired 90,909 shares of the stock in a transaction dated Wednesday, February 25th. The shares were bought at an average price of $2.75 per share, with a total value of $249,999.75. Following the purchase, the chief executive officer directly owned 338,347 shares of the company’s stock, valued at approximately $930,454.25. This trade represents a 36.74% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.36% of the stock is owned by corporate insiders.

Institutional Trading of Ideal Power

Several institutional investors and hedge funds have recently added to or reduced their stakes in IPWR. AMH Equity Ltd acquired a new position in Ideal Power in the third quarter worth approximately $785,000. AWM Investment Company Inc. lifted its position in shares of Ideal Power by 21.7% during the 4th quarter. AWM Investment Company Inc. now owns 786,094 shares of the industrial products company’s stock valued at $2,429,000 after acquiring an additional 140,349 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Ideal Power during the 3rd quarter valued at $160,000. Susquehanna International Group LLP bought a new stake in shares of Ideal Power during the 3rd quarter worth $132,000. Finally, AlphaCore Capital LLC acquired a new position in shares of Ideal Power in the 4th quarter worth $57,000. 16.37% of the stock is owned by institutional investors and hedge funds.

Ideal Power Company Profile

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.