Ideal Power Inc (NASDAQ:IPWR)‘s stock had its “outperform” rating restated by equities research analysts at Northland Securities in a report released on Wednesday, MarketBeat Ratings reports.

IPWR has been the topic of a number of other research reports. Rodman & Renshaw began coverage on Ideal Power in a research note on Tuesday. They issued a “buy” rating and a $12.00 target price on the stock. Oppenheimer reiterated an “outperform” rating and issued a $17.00 target price on shares of Ideal Power in a research note on Wednesday, November 11th. Roth Capital reiterated a “buy” rating and issued a $17.00 target price on shares of Ideal Power in a research note on Tuesday, October 20th. Finally, HC Wainwright began coverage on Ideal Power in a research note on Tuesday. They issued a “buy” rating and a $12.00 target price on the stock. Six research analysts have rated the stock with a buy rating, Ideal Power presently has an average rating of “Buy” and a consensus price target of $15.20.

In other news, CTO Bill Alexander sold 5,000 shares of the stock in a transaction on Thursday, January 28th. The stock was sold at an average price of $5.37, for a total transaction of $26,850.00. Following the transaction, the chief technology officer now owns 429,996 shares of the company’s stock, valued at approximately $2,309,078.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark L. Baum sold 29,063 shares of the stock in a transaction on Friday, November 13th. The stock was sold at an average price of $7.54, for a total value of $219,135.02. Following the transaction, the director now directly owns 25,898 shares in the company, valued at approximately $195,270.92. The disclosure for this sale can be found here.

Ideal Power (NASDAQ:IPWR) traded up 5.68% during trading on Wednesday, hitting $5.58. The stock had a trading volume of 4,908 shares. Ideal Power has a 52-week low of $5.00 and a 52-week high of $11.53. The stock’s market capitalization is $52.45 million. The stock’s 50-day moving average is $7.04 and its 200-day moving average is $7.54.

Ideal Power (NASDAQ:IPWR) last released its quarterly earnings results on Tuesday, November 10th. The company reported ($0.31) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.30) by $0.01. The company earned $895 million during the quarter, compared to the consensus estimate of $1.07 million. On average, analysts predict that Ideal Power will post ($1.23) earnings per share for the current fiscal year.

Ideal Power Inc. (NASDAQ:IPWR) provides solutions for markets, such as battery energy storage systems, integrated renewable energy and storage, and microgrid applications. Ideal Power has developed an electronic power conversion technology called Power Packet Switching Architecture (PPSA). Ideal Power’s PPSA is a transformerless power conversion system that provides the necessary electrical isolation required to connect electrical devices together on the grid. As of December 31, 2014, the Company was selling six power conversion products utilizing its PPSA technology: a 30kW photovoltaic (PV) inverter, a 30kW battery converter, a 30kW grid-resilient alternating current (AC)-direct current (DC)-DC multi-port power conversion system, a 125kW grid-resilient AC-DC power conversion system, a 125kW grid-resilient AC-DC-DC multi-port power conversion system and a 30kW grid-resilient AC-DC power conversion system.

12 Month Chart for NASDAQ:IPWR

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