Ideal Power Inc. (IPWR) Releases Earnings Results
Ideal Power Inc. (NASDAQ:IPWR) issued its earnings results on Thursday. The industrial products company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.05, Briefing.com reports. Ideal Power had a negative net margin of 895.37% and a negative return on equity of 95.52%. The business had revenue of $0.40 million during the quarter, compared to analysts’ expectations of $0.61 million. The company’s revenue was up .0% on a year-over-year basis.
Shares of Ideal Power (NASDAQ IPWR) traded down $0.04 during trading on Friday, hitting $2.04. 85,759 shares of the stock traded hands, compared to its average volume of 85,698. Ideal Power has a fifty-two week low of $1.91 and a fifty-two week high of $4.98.
IPWR has been the subject of several research analyst reports. Zacks Investment Research cut shares of Ideal Power from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. ValuEngine upgraded shares of Ideal Power from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 25th. HC Wainwright set a $4.00 target price on shares of Ideal Power and gave the company a “buy” rating in a report on Friday, August 11th. Finally, B. Riley restated a “buy” rating on shares of Ideal Power in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $5.00.
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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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