HC Wainwright set a $2.00 price objective on Ideal Power (NASDAQ:IPWR) in a report released on Friday, November 16th. The brokerage currently has a buy rating on the industrial products company’s stock.

A number of other research firms also recently weighed in on IPWR. ValuEngine raised shares of Ideal Power from a sell rating to a hold rating in a research report on Thursday, August 2nd. B. Riley set a $2.00 target price on shares of Ideal Power and gave the stock a hold rating in a research report on Tuesday, August 14th. Finally, Zacks Investment Research raised shares of Ideal Power from a hold rating to a buy rating and set a $0.75 target price on the stock in a research report on Thursday, August 16th. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $1.44.

Ideal Power stock traded up $0.01 during mid-day trading on Friday, reaching $0.28. 62,579 shares of the company traded hands, compared to its average volume of 150,604. The company has a market cap of $3.78 million, a P/E ratio of -0.36 and a beta of 0.94. Ideal Power has a 52-week low of $0.25 and a 52-week high of $2.85.

Ideal Power (NASDAQ:IPWR) last released its earnings results on Thursday, November 15th. The industrial products company reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.02). The business had revenue of $0.34 million during the quarter, compared to analysts’ expectations of $0.67 million. Ideal Power had a negative return on equity of 87.21% and a negative net margin of 568.42%. As a group, sell-side analysts expect that Ideal Power will post -0.56 EPS for the current fiscal year.

About Ideal Power

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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Analyst Recommendations for Ideal Power (NASDAQ:IPWR)

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