Roth Capital analyst Craig Irwin reiterated a Hold rating on Ideal Power (NASDAQ: IPWR) on August 14 and set a price target of $0.75. The company’s shares opened today at $0.73, close to its 52-week low of $0.65.
According to TipRanks.com, Irwin is a 3-star analyst with an average return of 1.5% and a 47.3% success rate. Irwin covers the Consumer Goods sector, focusing on stocks such as Renewable Energy Group, Darling Ingredients, and Green Plains Inc.
Ideal Power has an analyst consensus of Moderate Buy, with a price target consensus of $2.19, representing a 200.0% upside. In a report issued on August 14, B.Riley FBR also maintained a Hold rating on the stock with a $2 price target.
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The company has a one-year high of $2.94 and a one-year low of $0.65. Currently, Ideal Power has an average volume of 72.51K.
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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.
