Ideal Power Inc (NASDAQ:IPWR) – Equities research analysts at B. Riley raised their Q1 2018 earnings per share (EPS) estimates for shares of Ideal Power in a research note issued on Wednesday, according to Zacks Investment Research. B. Riley analyst C. Driscoll now expects that the industrial products company will post earnings of ($0.15) per share for the quarter, up from their prior estimate of ($0.17). B. Riley currently has a “Neutral” rating and a $2.50 price target on the stock. B. Riley also issued estimates for Ideal Power’s Q2 2018 earnings at ($0.15) EPS, Q3 2018 earnings at ($0.15) EPS, Q4 2018 earnings at ($0.14) EPS and FY2019 earnings at ($0.50) EPS.
IPWR has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Ideal Power from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Roth Capital reaffirmed a “hold” rating and set a $1.00 price target on shares of Ideal Power in a research report on Wednesday, March 7th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $4.00 price target on shares of Ideal Power in a research report on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Ideal Power currently has an average rating of “Hold” and a consensus price target of $3.00.
Shares of NASDAQ:IPWR traded up $0.09 during trading on Friday, reaching $1.23. The stock had a trading volume of 603,809 shares, compared to its average volume of 431,699. The firm has a market cap of $15.96, a PE ratio of -1.53 and a beta of 1.11. Ideal Power has a fifty-two week low of $1.06 and a fifty-two week high of $3.29.
Ideal Power (NASDAQ:IPWR) last announced its quarterly earnings results on Tuesday, March 6th. The industrial products company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.04. The company had revenue of $0.24 million for the quarter, compared to the consensus estimate of $0.71 million. Ideal Power had a negative net margin of 852.02% and a negative return on equity of 66.57%.
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.
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