Ideal Power (IPWR) Sees Large Volume Increase
Ideal Power Inc (NASDAQ:IPWR) saw unusually-high trading volume on Monday . Approximately 1,040,000 shares traded hands during trading, a decline of 12% from the previous session’s volume of 1,180,000 shares.The stock last traded at $1.29 and had previously closed at $1.29.
IPWR has been the subject of several analyst reports. Zacks Investment Research lowered shares of Ideal Power from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. B. Riley restated a “buy” rating and set a $5.00 price target on shares of Ideal Power in a research report on Monday, November 13th. Roth Capital set a $2.00 price target on shares of Ideal Power and gave the company a “hold” rating in a research report on Saturday, November 25th. Finally, HC Wainwright restated a “buy” rating and set a $4.00 price target on shares of Ideal Power in a research report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $4.08.
The firm has a market cap of $18.06, a P/E ratio of -1.40 and a beta of 1.17.
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Ideal Power Company Profile
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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