In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on Ideal Power (IPWR), with a price target of $2. The company’s shares closed yesterday at $0.39, close to its 52-week low of $0.38.
According to TipRanks.com, Dayal is ranked 0 out of 5 stars with an average return of -11.8% and a 29.0% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Capstone Turbine Corp, and UQM Technologies Inc.
Ideal Power has an analyst consensus of Moderate Buy, with a price target consensus of $2.
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The company has a one-year high of $2.85 and a one-year low of $0.38. Currently, Ideal Power has an average volume of 84.44K.
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Ideal Power, Inc. engages in the development of power converter solutions for photovoltaic generation, grid-storage and electrified vehicle charging. Its products include solar inverters, bi-directional battery, electric vehicle chargers, photovoltaic inverters and battery converters.
