Ideal Power Inc (NASDAQ:IPWR) – Equities researchers at Oppenheimer issued their Q1 2018 earnings estimates for Ideal Power in a research report issued to clients and investors on Tuesday. Oppenheimer analyst C. Rusch expects that the industrial products company will post earnings per share of ($0.14) for the quarter. Oppenheimer also issued estimates for Ideal Power’s Q2 2018 earnings at ($0.14) EPS, Q3 2018 earnings at ($0.09) EPS, Q4 2018 earnings at ($0.06) EPS, FY2018 earnings at ($0.42) EPS and FY2019 earnings at ($0.19) EPS.
Ideal Power (NASDAQ:IPWR) last posted its quarterly earnings data on Tuesday, March 6th. The industrial products company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.04. Ideal Power had a negative net margin of 852.02% and a negative return on equity of 66.57%. The company had revenue of $0.24 million for the quarter, compared to the consensus estimate of $0.71 million.
IPWR has been the topic of several other research reports. Roth Capital set a $2.00 price objective on shares of Ideal Power and gave the stock a “hold” rating in a report on Saturday, November 25th. B. Riley lowered shares of Ideal Power from a “buy” rating to a “neutral” rating and decreased their target price for the company from $5.00 to $2.50 in a research report on Wednesday. Zacks Investment Research upgraded shares of Ideal Power from a “hold” rating to a “buy” rating and set a $1.50 target price on the stock in a research report on Wednesday, January 10th. Finally, HC Wainwright reiterated a “buy” rating and set a $4.00 target price on shares of Ideal Power in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Ideal Power currently has a consensus rating of “Hold” and a consensus price target of $3.00.
Ideal Power (IPWR) opened at $1.27 on Friday. Ideal Power has a twelve month low of $1.06 and a twelve month high of $3.59. The stock has a market cap of $17.50, a PE ratio of -1.59 and a beta of 1.13.
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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