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This article was first published on www.analystratings.com, written by George Macdonald

Roth Capital analyst Philip Shen resumed coverage with a Buy rating on Ideal Power (NASDAQ: IPWR) today and set a price target of $17. The company’s shares closed yesterday at $7.60.

Ideal Power has an analyst consensus of Hold.

The company has a one year high of $11.53 and a one year low of $5.82. Currently, Ideal Power has an average volume of 35.65k.

According to TipRanks.com, Shen is ranked 0 out of 5 stars with an average return of -13.3% and a 28.7% success rate. Shen covers the Technology sector, focusing on stocks such as SolarEdge Technologies, Maxwell Technologies, and Orion Energy Systems.

Ideal Power Inc develops power converter solutions for photovoltaic generation, grid-storage and electrified vehicle charging.

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