Ideal Power (NASDAQ:IPWR) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Ideal Power (NASDAQ:IPWR) from a strong sell rating to a hold rating in a report released on Saturday.

Separately, Weiss Ratings upgraded shares of Ideal Power from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Ideal Power currently has a consensus rating of “Hold” and an average price target of $10.75.

Ideal Power Stock Up 22.8%

IPWR stock opened at $5.23 on Friday. Ideal Power has a 12 month low of $2.62 and a 12 month high of $9.30. The firm has a market cap of $85.88 million, a P/E ratio of -4.93 and a beta of 1.81. The company’s 50-day moving average price is $4.80 and its two-hundred day moving average price is $4.41.

Ideal Power (NASDAQ:IPWR) last issued its earnings results on Thursday, August 13th. The industrial products company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.03. The firm had revenue of $0.01 million during the quarter, compared to analyst estimates of $0.10 million.

Institutional Investors Weigh In On Ideal Power

A number of hedge funds have recently made changes to their positions in IPWR. Jane Street Group LLC acquired a new stake in Ideal Power in the second quarter valued at approximately $54,000. AlphaCore Capital LLC acquired a new position in shares of Ideal Power during the fourth quarter worth $57,000. Susquehanna International Group LLP bought a new position in shares of Ideal Power in the 3rd quarter valued at $132,000. Citadel Advisors LLC bought a new position in shares of Ideal Power in the 3rd quarter valued at $160,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Ideal Power by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 359,089 shares of the industrial products company’s stock valued at $1,806,000 after acquiring an additional 16,883 shares in the last quarter. 16.37% of the stock is currently owned by institutional investors and hedge funds.

About Ideal Power

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.