Key Points
- CEO David Somo bought 90,909 shares at $2.75 on Feb. 25 for about $249,999.75, raising his stake to 338,347 shares — a 36.74% increase.
- Shares jumped about 14.2%, with IPWR opening at $3.69 and a 12‑month trading range of $2.62 to $6.90 (market cap ~$31.66M).
- Analysts are mixed (one Buy, one Sell) with a MarketBeat consensus rating of "Hold" and a consensus target price of $10.75; institutional investors own roughly 16.37% of the stock.
Ideal Power Inc. (NASDAQ:IPWR - Get Free Report) CEO David Somo acquired 90,909 shares of the stock in a transaction on Wednesday, February 25th. The shares were purchased at an average price of $2.75 per share, for a total transaction of $249,999.75. Following the completion of the transaction, the chief executive officer owned 338,347 shares in the company, valued at approximately $930,454.25. This represents a 36.74% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.
Ideal Power Stock Up 14.2%
IPWR opened at $3.69 on Friday. The stock has a fifty day moving average of $3.61 and a 200-day moving average of $4.38. The firm has a market capitalization of $31.66 million, a P/E ratio of -2.98 and a beta of 0.97. Ideal Power Inc. has a 12-month low of $2.62 and a 12-month high of $6.90.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the company. Weiss Ratings restated a "sell (d-)" rating on shares of Ideal Power in a research report on Monday, December 29th. Westpark Capital raised shares of Ideal Power from a "hold" rating to a "buy" rating and set a $10.75 price target for the company in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $10.75.
Get Our Latest Report on Ideal Power
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in Ideal Power in the 2nd quarter worth about $54,000. Vanguard Group Inc. grew its stake in shares of Ideal Power by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 359,089 shares of the industrial products company's stock valued at $1,806,000 after buying an additional 16,883 shares in the last quarter. AlphaCore Capital LLC acquired a new position in Ideal Power in the fourth quarter worth approximately $57,000. Susquehanna International Group LLP bought a new position in Ideal Power during the third quarter valued at approximately $132,000. Finally, Citadel Advisors LLC bought a new position in Ideal Power during the third quarter valued at approximately $160,000. Hedge funds and other institutional investors own 16.37% of the company's stock.
About Ideal Power
(
Get Free Report)
Ideal Power Inc, based in Austin, Texas, specializes in the design and manufacture of advanced power conversion solutions for a range of energy applications. The company's core technology is its proprietary Coupled Power Delivery (CPD) architecture, which enables efficient bi-directional conversion between DC and DC, as well as DC and AC power streams. These solutions are widely applied in renewable energy systems, energy storage, microgrids, and electric mobility platforms.
Ideal Power's product lineup includes bi-directional DC converters, solid-state transformers, and intelligent power controllers.
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