Zacks Investment Research disclosed Ideal Power Inc (NASDAQ:IPWR), hiking its price target to $5.50 earlier today
- Updated: October 12, 2016
Yesterday Ideal Power Inc (NASDAQ:IPWR) traded -0.80% lower at $4.96. The company’s 50-day moving average is $5.09 and its 200-day moving average is $4.93. The last stock close price is up 0.59% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 2,166 shares of the stock were exchanged, down from an average trading volume of 11,252
Reporting a potential upside of 0.11%, Zacks Investment Research bumped up the stock price target of Ideal Power Inc (NASDAQ:IPWR) to $5.50
Previously on 8/5/2015, ROTH Capital reported about Ideal Power Inc (NASDAQ:IPWR) raised the target price from $0.00 to $17.00. At the time, this indicated a possible upside of 1.24%.
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Ideal Power Inc has a 52 week low of $3.73 and a 52 week high of $9.65 The company’s market cap is currently $0.
About Ideal Power Inc (NASDAQ:IPWR)
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. It focuses on licensing PPSA-based product designs to original equipment manufacturers (OEMs) within its target markets. Its products use multiple insulated gate bipolar transistors (IGBTs), which switch power in a direction, including direct current (DC) to alternating current (AC), or AC to DC. The PPSA uses indirect power flow in which power flows through input switches, and is temporarily stored in its AC link inductor.
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