Zacks Investment Research Lowers Ideal Power (IPWR) to Hold
Ideal Power (NASDAQ:IPWR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “Ideal Power, Inc. is engaged in development of a novel, patented power conversion technology called Power Packet Switching Architecture(TM). The company also provides photovoltaic inverters and battery converters for grid storage and electrified vehicle fast-charging infrastructure. In addition, it offers hybrid power conversion systems and power switches. Ideal Power, Inc. is based in Spicewood, Texas. “
IPWR has been the topic of several other reports. Roth Capital set a $2.00 target price on shares of Ideal Power and gave the stock a “hold” rating in a research report on Saturday, November 25th. B. Riley reissued a “buy” rating on shares of Ideal Power in a research report on Wednesday, November 1st. Finally, HC Wainwright reissued a “buy” rating and set a $4.00 target price on shares of Ideal Power in a research report on Monday, November 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $4.08.
Ideal Power (NASDAQ:IPWR) last posted its earnings results on Thursday, November 9th. The industrial products company reported ($0.16) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.21) by $0.05. The firm had revenue of $0.40 million for the quarter, compared to the consensus estimate of $0.61 million. Ideal Power had a negative net margin of 839.03% and a negative return on equity of 83.89%. Ideal Power’s revenue was up .0% compared to the same quarter last year. analysts anticipate that Ideal Power will post -0.83 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: “Zacks Investment Research Lowers Ideal Power (IPWR) to Hold” was posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://theolympiareport.com/2018/01/18/zacks-investment-research-lowers-ideal-power-ipwr-to-hold.html.
Ideal Power Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ideal Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ideal Power and related companies with MarketBeat.com's FREE daily email newsletter.