Ideal Power Inc. (IPWR) Given Average Recommendation of “Buy” by Brokerages

Ideal Power Inc. (NASDAQ:IPWR) has earned an average recommendation of “Buy” from the seven analysts that are currently covering the firm, reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $4.13.

Several equities analysts recently weighed in on IPWR shares. ValuEngine cut shares of Ideal Power from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. B. Riley reaffirmed a “buy” rating on shares of Ideal Power in a research report on Wednesday, November 1st. HC Wainwright reaffirmed a “buy” rating and issued a $4.00 price target on shares of Ideal Power in a research report on Monday, November 13th. Zacks Investment Research raised shares of Ideal Power from a “hold” rating to a “buy” rating and set a $1.75 target price on the stock in a research report on Wednesday, November 15th. Finally, Roth Capital set a $2.00 target price on shares of Ideal Power and gave the stock a “hold” rating in a research report on Saturday, November 25th.

Ideal Power (NASDAQ:IPWR) opened at $1.18 on Friday. Ideal Power has a 1 year low of $1.15 and a 1 year high of $3.86.

Ideal Power (NASDAQ:IPWR) last announced its quarterly earnings results on Thursday, November 9th. The industrial products company reported ($0.16) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.05. Ideal Power had a negative net margin of 839.03% and a negative return on equity of 83.89%. The business had revenue of $0.40 million for the quarter, compared to analysts’ expectations of $0.61 million. The company’s revenue was up .0% on a year-over-year basis. sell-side analysts expect that Ideal Power will post -0.83 earnings per share for the current fiscal year.

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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.

Analyst Recommendations for Ideal Power (NASDAQ:IPWR)

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