Ideal Power Inc. (NASDAQ:IPWR) has been assigned a $4.00 price objective by equities research analysts at HC Wainwright in a report issued on Friday. The brokerage presently has a “buy” rating on the industrial products company’s stock. HC Wainwright’s target price would suggest a potential upside of 85.19% from the stock’s previous close.

IPWR has been the topic of several other reports. FBR & Co restated a “buy” rating and set a $6.00 price objective on shares of Ideal Power in a report on Monday, May 15th. Zacks Investment Research downgraded Ideal Power from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, ValuEngine downgraded Ideal Power from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Ideal Power has an average rating of “Hold” and a consensus target price of $5.10.

Shares of Ideal Power (NASDAQ IPWR) opened at 2.16 on Friday. Ideal Power has a 52-week low of $1.91 and a 52-week high of $5.60. The company’s market capitalization is $30.23 million. The company’s 50 day moving average price is $2.36 and its 200 day moving average price is $2.50.

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A hedge fund recently bought a new stake in Ideal Power stock. King Luther Capital Management Corp purchased a new position in shares of Ideal Power Inc. (NASDAQ:IPWR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 about 0.42% of Ideal Power at the end of the most recent quarter. 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.

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