Brokerages Set Ideal Power Inc (IPWR) Target Price at $2.00
Shares of Ideal Power Inc (NASDAQ:IPWR) have earned a consensus recommendation of “Hold” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $2.00.
Separately, Zacks Investment Research raised Ideal Power from a “sell” rating to a “hold” rating in a report on Friday, January 11th.
Shares of NASDAQ IPWR traded down $0.19 during trading hours on Monday, hitting $0.63. The company had a trading volume of 2,768,931 shares, compared to its average volume of 563,225. The company has a market cap of $9.28 million, a PE ratio of -0.81 and a beta of 1.67. Ideal Power has a 1-year low of $0.20 and a 1-year high of $1.42.
Ideal Power Inc develops power conversion solutions with a focus on solar and storage, microgrid, and stand-alone energy storage applications. It operates through two Divisions, Power Conversion Systems and B-TRAN. The Power Conversion Systems Division focuses on its Power Packet Switching Architecture technology.
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