ValuEngine upgraded shares of Ideal Power Inc. (NASDAQ:IPWR) from a strong sell rating to a sell rating in a research report sent to investors on Tuesday morning.

Several other research firms have also recently weighed in on IPWR. Zacks Investment Research cut Ideal Power from a hold rating to a sell rating in a research note on Wednesday, July 12th. FBR & Co restated a buy rating and issued a $6.00 price target on shares of Ideal Power in a research note on Monday, May 15th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $5.38.

Shares of Ideal Power (NASDAQ:IPWR) traded down 1.65% during midday trading on Tuesday, hitting $2.98. The stock had a trading volume of 254,551 shares. Ideal Power has a 12 month low of $2.00 and a 12 month high of $5.60. The stock’s 50-day moving average is $2.32 and its 200-day moving average is $2.53. The stock’s market cap is $41.71 million.

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A hedge fund recently bought a new stake in Ideal Power stock. King Luther Capital Management Corp purchased a new stake in Ideal Power Inc. (NASDAQ:IPWR) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 59,100 shares of the industrial products company’s stock, valued at approximately $192,000. King Luther Capital Management Corp owned approximately 0.42% of Ideal Power as of its most recent filing with the SEC. Hedge funds and other institutional investors own 26.78% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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