Ideal Power (NASDAQ:IPWR) received a $2.00 price target from investment analysts at HC Wainwright in a report released on Tuesday, The Fly reports. The brokerage presently has a “buy” rating on the industrial products company’s stock. HC Wainwright’s price target would indicate a potential upside of 173.97% from the stock’s previous close.
A number of other brokerages have also recently weighed in on IPWR. B. Riley reaffirmed a “hold” rating on shares of Ideal Power in a research report on Monday, May 14th. Zacks Investment Research raised Ideal Power from a “hold” rating to a “buy” rating and set a $1.25 price target for the company in a research report on Tuesday, July 17th. Finally, ValuEngine upgraded Ideal Power from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Ideal Power currently has an average rating of “Hold” and an average price target of $1.56.
IPWR opened at $0.73 on Tuesday. The firm has a market cap of $9.80 million, a P/E ratio of -0.94 and a beta of 0.94. Ideal Power has a 1 year low of $0.65 and a 1 year high of $2.94.
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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