Ideal Power (NASDAQ:IPWR) Coverage Initiated at Westpark Capital

Westpark Capital began coverage on shares of Ideal Power (NASDAQ:IPWR) in a research report report published on Friday morning,Benzinga reports. The firm issued a hold rating on the industrial products company’s stock.

Ideal Power Stock Performance

NASDAQ:IPWR opened at $5.07 on Friday. The stock has a market cap of $41.31 million, a price-to-earnings ratio of -3.62 and a beta of 1.05. Ideal Power has a one year low of $4.57 and a one year high of $9.69. The business’s 50-day simple moving average is $6.00 and its 200 day simple moving average is $6.83.

Hedge Funds Weigh In On Ideal Power

Several institutional investors and hedge funds have recently made changes to their positions in the business. AIGH Capital Management LLC raised its holdings in Ideal Power by 17.6% in the fourth quarter. AIGH Capital Management LLC now owns 823,315 shares of the industrial products company’s stock valued at $6,216,000 after acquiring an additional 123,315 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of Ideal Power by 17.8% in the 4th quarter. Baird Financial Group Inc. now owns 278,342 shares of the industrial products company’s stock worth $2,101,000 after purchasing an additional 42,032 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Ideal Power by 13.2% in the 3rd quarter. Geode Capital Management LLC now owns 77,877 shares of the industrial products company’s stock valued at $639,000 after purchasing an additional 9,075 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Ideal Power by 34.4% during the fourth quarter. Northern Trust Corp now owns 13,461 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 3,443 shares during the last quarter. 16.37% of the stock is currently owned by hedge funds and other institutional investors.

Ideal Power Company Profile

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.