Ideal Power (IPWR) Sets New 1-Year Low at $1.00

Ideal Power Inc (NASDAQ:IPWR)’s share price hit a new 52-week low on Thursday . The stock traded as low as $1.00 and last traded at $1.05, with a volume of 193368 shares traded. The stock had previously closed at $1.12.

Several brokerages recently weighed in on IPWR. B. Riley reiterated a “hold” rating on shares of Ideal Power in a report on Monday, May 14th. HC Wainwright reiterated a “buy” rating and issued a $4.00 price target on shares of Ideal Power in a report on Wednesday, March 7th. ValuEngine upgraded shares of Ideal Power from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Finally, Roth Capital reiterated a “hold” rating and issued a $1.00 price target on shares of Ideal Power in a report on Wednesday, March 7th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Ideal Power currently has a consensus rating of “Hold” and an average target price of $2.25.

Ideal Power (NASDAQ:IPWR) last issued its quarterly earnings results on Thursday, May 10th. The industrial products company reported ($0.15) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.15). Ideal Power had a negative net margin of 833.16% and a negative return on equity of 75.12%. The company had revenue of $0.18 million for the quarter, compared to the consensus estimate of $0.32 million. analysts expect that Ideal Power Inc will post -0.56 EPS for the current year.

Ideal Power Company Profile

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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