Shares of Ideal Power Inc. (NASDAQ:IPWR) fell 23.5% during mid-day trading on Tuesday . The stock traded as low as $1.45 and last traded at $1.56. 562,800 shares were traded during trading, an increase of 540% from the average session volume of 87,876 shares. The stock had previously closed at $2.04.

Several research firms have issued reports on IPWR. B. Riley reissued a “buy” rating and set a $5.00 price target on shares of Ideal Power in a report on Monday. HC Wainwright reissued a “buy” rating and set a $4.00 price target on shares of Ideal Power in a report on Monday. ValuEngine lowered Ideal Power from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Finally, Zacks Investment Research raised Ideal Power from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $5.00.

Ideal Power (NASDAQ:IPWR) last released its quarterly earnings results on Thursday, November 9th. The industrial products company reported ($0.16) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.05. The business had revenue of $0.40 million during the quarter, compared to analyst estimates of $0.61 million. Ideal Power had a negative return on equity of 83.89% and a negative net margin of 839.03%. The company’s quarterly revenue was up .0% compared to the same quarter last year. analysts predict that Ideal Power Inc. will post -0.89 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Ideal Power Inc. (IPWR) Trading Down 23.5%” was originally reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another site, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The original version of this news story can be read at

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.

Receive News & Ratings for Ideal Power Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ideal Power Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.