Roth Capital set a $14.00 price objective on Ideal Power Inc. (NASDAQ:IPWR) in a research note published on Monday morning. The brokerage currently has a a buy rating on the stock.

Analyst Recommendations for Ideal Power (NASDAQ:IPWR)

Shares of Ideal Power (NASDAQ:IPWR) opened at 5.25 on Monday. The stock’s market capitalization is $50.17 million. The stock has a 50 day moving average of $5.06 and a 200 day moving average of $4.84. Ideal Power has a 12-month low of $3.73 and a 12-month high of $9.65.

Ideal Power (NASDAQ:IPWR) last posted its quarterly earnings data on Thursday, August 11th. The company reported ($0.26) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.05. Ideal Power had a negative net margin of 418.53% and a negative return on equity of 72.36%. Equities research analysts anticipate that Ideal Power will post ($1.12) EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of IPWR. S Squared Technology LLC boosted its stake in shares of Ideal Power by 8.3% in the second quarter. S Squared Technology LLC now owns 586,704 shares of the company’s stock valued at $2,892,000 after buying an additional 44,904 shares during the period. Vanguard Group Inc. boosted its stake in shares of Ideal Power by 0.7% in the second quarter. Vanguard Group Inc. now owns 138,596 shares of the company’s stock valued at $683,000 after buying an additional 900 shares during the period. Commonwealth Equity Services Inc boosted its stake in shares of Ideal Power by 13.6% in the second quarter. Commonwealth Equity Services Inc now owns 37,600 shares of the company’s stock valued at $185,000 after buying an additional 4,501 shares during the period. Finally, BlackRock Fund Advisors boosted its stake in shares of Ideal Power by 1,584.4% in the second quarter. BlackRock Fund Advisors now owns 21,560 shares of the company’s stock valued at $106,000 after buying an additional 20,280 shares during the period. 30.36% of the stock is currently owned by hedge funds and other institutional investors.

About Ideal Power

Ideal Power Inc (Ideal Power) provides solutions for markets, such as battery energy storage systems, integrated renewable energy and storage, and microgrid applications. Ideal Power has developed an electronic power conversion technology called Power Packet Switching Architecture (PPSA). Ideal Power’s PPSA is a transformerless power conversion system that provides the necessary electrical isolation required to connect electrical devices together on the grid.

5 Day Chart for NASDAQ:IPWR

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