FBR Capital Starts Ideal Power (IPWR) at Outperform; Sees 100% Upside

November 18, 2016 6:19 AM EST
Get Alerts IPWR Hot Sheet
Price: $3.93 -0.51%

Rating Summary:
    6 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 17 | Down: 27 | New: 28
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FBR Capital initiates coverage on Ideal Power (NASDAQ: IPWR) with a Outperform rating and a price target of $8.00.

Analyst Carter Driscoll commented, "Using its patented Power Packet Switching Architecture (PPSA), Ideal's products enable bi-directional conversion of electrical energy from any port to any port and eliminate a number of passive components, delivering a more functional, lower-cost power conversion architecture. Our investment thesis centers on (1) providing a disruptive technology platform for power conversion systems (PCS) using a unique, patented technology architecture that is cheaper, more flexible, and more efficient than competing solutions; (2) the very large addressable market opportunity within PCS for energy storage and other end markets; (3) growing partnerships with system integrators and turnkey storage providers that reduce time to market and capital requirements; (4) international expansion, in particular in Germany and Australia; and (5) longer term, other revenue opportunities such as licensing its emerging power switch technology."

For an analyst ratings summary and ratings history on Ideal Power click here. For more ratings news on Ideal Power click here.

Shares of Ideal Power closed at $4.02 yesterday.



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