Ideal Power Inc (NASDAQ:IPWR) shares traded up 0% during mid-day trading on Friday . The company traded as high as $1.33 and last traded at $1.32. 618,372 shares traded hands during mid-day trading, an increase of 32% from the average session volume of 468,597 shares. The stock had previously closed at $1.32.

A number of research analysts have recently issued reports on the company. HC Wainwright reissued a “buy” rating and issued a $4.00 target price on shares of Ideal Power in a report on Monday, November 13th. Zacks Investment Research raised Ideal Power from a “hold” rating to a “buy” rating and set a $1.75 price objective on the stock in a report on Wednesday, November 15th. Roth Capital set a $2.00 price objective on Ideal Power and gave the stock a “hold” rating in a report on Saturday, November 25th. Finally, B. Riley reaffirmed a “buy” rating and set a $5.00 price objective on shares of Ideal Power in a report on Monday, November 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $3.70.

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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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