David Somo Biography and Net Worth

CEO of Ideal Power

Mr. Somo is an accomplished global technology executive with over 30 years of experience in the semiconductor industry spanning the industrial, automotive, consumer, computing, data center and communications end-markets. He has held leadership roles in several prominent companies, including President and CEO of Preciseley Microtechnology Corporation and Senior Vice President at ON Semiconductor. David has extensive experience in worldwide sales, marketing, business development, corporate strategy, M&A, and product development, with full business P&L responsibility.

David holds a Bachelor of Science in Electrical Engineering from Arizona State University. He is a graduate of the INSEAD International Directors Programme and holds a certification in Enterprise Risk Management from Black Belt Compliance.

What is David M. Somo's net worth?: The estimated net worth of David M. Somo is at least $1.48 million as of February 25th, 2026. Somo owns 338,347 shares of Ideal Power stock worth more than $1,478,576 as of September 21st. This net worth evaluation does not reflect any other assets that Somo may own. Learn More about David M. Somo's net worth.
How do I contact David M. Somo?: The corporate mailing address for Somo and other Ideal Power executives is 5508 Highway 290 West, Suite 120, Austin, TX, 78735. Ideal Power can also be reached via phone at (512) 264-1542 and via email at [email protected]. Learn More on David M. Somo's contact information.
Has David M. Somo been buying or selling shares of Ideal Power?: David M. Somo has not been actively trading shares of Ideal Power over the course of the past ninety days. Most recently, on Wednesday, February 25th, David M. Somo bought 90,909 shares of Ideal Power stock. The stock was acquired at an average cost of $2.75 per share, with a total value of $249,999.75. Following the completion of the transaction, the chief executive officer now directly owns 338,347 shares of the company's stock, valued at $930,454.25. Learn More on David M. Somo's trading history.
Who are Ideal Power's active insiders?: Ideal Power's insider roster includes Daniel Brdar (CEO), Laban Lesster (Director), and David Somo (CEO). Learn More on Ideal Power's active insiders.
Are insiders buying or selling shares of Ideal Power?: During the last year, Ideal Power insiders bought shares 1 times. They purchased a total of 90,909 shares worth more than $249,999.75. The most recent insider tranaction occured on February, 25th when CEO David M Somo bought 90,909 shares worth more than $249,999.75. Insiders at Ideal Power own 3.4% of the company. Learn More about insider trades at Ideal Power.
Information on this page was last updated on 2/25/2026.

David M. Somo Insider Trading History at Ideal Power

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction	Details
2/25/2026	Buy	90,909	$2.75	$249,999.75	338,347

David M. Somo Buying and Selling Activity at Ideal Power

Ideal Power Company Overview

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. The company was formerly known as Ideal Power Converters Inc. and changed its name to Ideal Power Inc. in July 2013. Ideal Power Inc. was incorporated in 2007 and is headquartered in Austin, Texas.

Today's Range

Now: $4.27

$4.06

$4.39

50 Day Range

MA: $4.43

$3.35

$5.23

2 Week Range

Now: $4.27

$2.62

$9.30

Volume

113,964 shs

Average Volume

349,651 shs

Market Capitalization

$70.16 million

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.85