Ideal Power Inc. (NASDAQ:IPWR) has earned an average recommendation of “Buy” from the seven brokerages that are currently covering the firm. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $11.50.

A number of research firms have recently issued reports on IPWR. Zacks Investment Research raised shares of Ideal Power from a “sell” rating to a “hold” rating in a research report on Tuesday, November 15th. Roth Capital set a $14.00 price target on shares of Ideal Power and gave the stock a “buy” rating in a research report on Monday, September 19th. Finally, FBR & Co initiated coverage on shares of Ideal Power in a research report on Friday, November 18th. They set an “outperform” rating and a $8.00 price objective on the stock.

Shares of Ideal Power (NASDAQ:IPWR) traded down 1.11% on Tuesday, hitting $4.44. 25,228 shares of the stock traded hands. The stock has a 50-day moving average price of $4.77 and a 200 day moving average price of $4.91. The stock’s market cap is $42.43 million. Ideal Power has a 12-month low of $3.73 and a 12-month high of $8.55.

Ideal Power (NASDAQ:IPWR) last posted its quarterly earnings results on Thursday, November 10th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by $0.01. Ideal Power had a negative return on equity of 85.08% and a negative net margin of 504.67%. On average, analysts anticipate that Ideal Power will post ($1.15) earnings per share for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services Inc raised its position in Ideal Power by 13.6% in the second quarter. Commonwealth Equity Services Inc now owns 37,600 shares of the company’s stock worth $185,000 after buying an additional 4,501 shares in the last quarter. Vanguard Group Inc. raised its position in Ideal Power by 0.7% in the second quarter. Vanguard Group Inc. now owns 138,596 shares of the company’s stock worth $683,000 after buying an additional 900 shares in the last quarter. BlackRock Fund Advisors raised its position in Ideal Power by 1,584.4% in the second quarter. BlackRock Fund Advisors now owns 21,560 shares of the company’s stock worth $106,000 after buying an additional 20,280 shares in the last quarter. S Squared Technology LLC raised its position in Ideal Power by 8.3% in the second quarter. S Squared Technology LLC now owns 586,704 shares of the company’s stock worth $2,892,000 after buying an additional 44,904 shares in the last quarter. Finally, GAM Holding AG raised its position in Ideal Power by 9.0% in the third quarter. GAM Holding AG now owns 36,409 shares of the company’s stock worth $188,000 after buying an additional 3,000 shares in the last quarter. 30.33% of the stock is currently owned by institutional investors.

About Ideal Power

Ideal Power Inc (Ideal Power) provides solutions for markets, such as battery energy storage systems, integrated renewable energy and storage, and microgrid applications. Ideal Power has developed an electronic power conversion technology called Power Packet Switching Architecture (PPSA). Ideal Power’s PPSA is a transformerless power conversion system that provides the necessary electrical isolation required to connect electrical devices together on the grid.

5 Day Chart for NASDAQ:IPWR

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