AIGH Capital Management LLC increased its position in Ideal Power Inc. (NASDAQ:IPWR – Free Report) by 140.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,181,696 shares of the industrial products company’s stock after buying an additional 689,707 shares during the period. AIGH Capital Management LLC owned 0.10% of Ideal Power worth $3,344,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IPWR. Jane Street Group LLC acquired a new stake in Ideal Power in the second quarter valued at approximately $54,000. AlphaCore Capital LLC acquired a new position in shares of Ideal Power during the 4th quarter worth $57,000. Susquehanna International Group LLP acquired a new position in shares of Ideal Power during the 3rd quarter worth $132,000. Citadel Advisors LLC bought a new position in shares of Ideal Power during the 3rd quarter valued at $160,000. Finally, Vanguard Group Inc. raised its holdings in shares of Ideal Power by 4.9% during the 3rd quarter. Vanguard Group Inc. now owns 359,089 shares of the industrial products company’s stock valued at $1,806,000 after purchasing an additional 16,883 shares in the last quarter. Institutional investors own 16.37% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on IPWR shares. Wall Street Zen lowered shares of Ideal Power from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Weiss Ratings reissued a “sell (e+)” rating on shares of Ideal Power in a research report on Tuesday, June 30th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $10.75.
Ideal Power Stock Performance
NASDAQ IPWR opened at $4.66 on Thursday. The stock has a 50-day simple moving average of $5.80 and a 200 day simple moving average of $4.27. Ideal Power Inc. has a twelve month low of $2.62 and a twelve month high of $9.30. The stock has a market capitalization of $59.60 million, a PE ratio of -3.92 and a beta of 1.80.
Ideal Power (NASDAQ:IPWR – Get Free Report) last released its earnings results on Thursday, May 14th. The industrial products company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.10).
Ideal Power Company Profile
Ideal Power Inc, based in Austin, Texas, specializes in the design and manufacture of advanced power conversion solutions for a range of energy applications. The company’s core technology is its proprietary Coupled Power Delivery (CPD) architecture, which enables efficient bi-directional conversion between DC and DC, as well as DC and AC power streams. These solutions are widely applied in renewable energy systems, energy storage, microgrids, and electric mobility platforms.
Ideal Power’s product lineup includes bi-directional DC converters, solid-state transformers, and intelligent power controllers.
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