Ideal Power (IPWR) Expected to Announce Earnings on Thursday

Ideal Power (NASDAQ:IPWR) will likely be posting its results before the market opens on Thursday, February 26th. Analysts expect Ideal Power to post earnings of ($0.31) per share and revenue of $0.02 million for the quarter.

Ideal Power Trading Up 8.8%

IPWR traded up $0.29 during trading on Friday, reaching $3.57. 105,327 shares of the company’s stock were exchanged, compared to its average volume of 128,641. Ideal Power has a one year low of $2.76 and a one year high of $6.90. The stock has a market capitalization of $30.44 million, a PE ratio of -2.88 and a beta of 0.97. The firm has a fifty day moving average price of $3.62 and a two-hundred day moving average price of $4.41.

Analyst Ratings Changes

A number of brokerages have recently commented on IPWR. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ideal Power in a report on Monday, December 29th. Westpark Capital raised Ideal Power from a “hold” rating to a “buy” rating and set a $10.75 target price for the company in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Ideal Power presently has an average rating of “Hold” and an average price target of $10.75.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC acquired a new stake in Ideal Power during the second quarter worth approximately $54,000. Vanguard Group Inc. boosted its holdings in shares of Ideal Power by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 359,089 shares of the industrial products company’s stock worth $1,806,000 after buying an additional 16,883 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in shares of Ideal Power during the 3rd quarter worth approximately $132,000. Citadel Advisors LLC bought a new stake in shares of Ideal Power in the 3rd quarter valued at $160,000. Finally, AWM Investment Company Inc. lifted its position in shares of Ideal Power by 21.7% during the 4th quarter. AWM Investment Company Inc. now owns 786,094 shares of the industrial products company’s stock valued at $2,429,000 after acquiring an additional 140,349 shares during the period. 16.37% of the stock is owned by institutional investors.

About Ideal Power

Ideal Power Inc, based in Austin, Texas, specializes in the design and manufacture of advanced power conversion solutions for a range of energy applications. The company’s core technology is its proprietary Coupled Power Delivery (CPD) architecture, which enables efficient bi-directional conversion between DC and DC, as well as DC and AC power streams. These solutions are widely applied in renewable energy systems, energy storage, microgrids, and electric mobility platforms.

Ideal Power’s product lineup includes bi-directional DC converters, solid-state transformers, and intelligent power controllers.