Ideal Power (NASDAQ:IPWR) Coverage Initiated by Analysts at Westpark Capital

Westpark Capital initiated coverage on shares of Ideal Power (NASDAQ:IPWR) in a report released on Friday morning,Benzinga reports. The brokerage issued a hold rating on the industrial products company’s stock.

Ideal Power Trading Up 0.4 %

NASDAQ:IPWR opened at $5.07 on Friday. The business’s 50-day moving average is $6.00 and its 200 day moving average is $6.84. Ideal Power has a 12 month low of $4.57 and a 12 month high of $9.69. The company has a market capitalization of $41.31 million, a P/E ratio of -3.62 and a beta of 1.05.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IPWR. Geode Capital Management LLC raised its stake in Ideal Power by 13.2% during the third quarter. Geode Capital Management LLC now owns 77,877 shares of the industrial products company’s stock valued at $639,000 after purchasing an additional 9,075 shares in the last quarter. AIGH Capital Management LLC raised its position in shares of Ideal Power by 17.6% during the 4th quarter. AIGH Capital Management LLC now owns 823,315 shares of the industrial products company’s stock valued at $6,216,000 after buying an additional 123,315 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Ideal Power by 34.4% in the 4th quarter. Northern Trust Corp now owns 13,461 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 3,443 shares during the last quarter. Finally, Baird Financial Group Inc. grew its position in Ideal Power by 17.8% in the fourth quarter. Baird Financial Group Inc. now owns 278,342 shares of the industrial products company’s stock worth $2,101,000 after acquiring an additional 42,032 shares in the last quarter. 16.37% of the stock is currently owned by institutional investors.

About Ideal Power

Ideal Power Inc focuses on the development and commercialization of its bidirectional bipolar junction TRANsistor solid-state switch technology. It also offers SymCool Power Module designed to meet low conduction loss needs of the solid-state circuit breaker market. The company serves electric and hybrid electric vehicles, electric vehicle charging, renewable energy and energy storage system power converters, uninterruptible power supplies for data centers, industrial motor drives, solid-state circuit breakers, distribution and transmission switches and controls, and other industrial and military markets.