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Ideal Power (IPWR) Gets a Buy from Benchmark Co.

Benchmark Co. analyst David Williams reiterated a Buy rating on Ideal Power (IPWRResearch Report) today and set a price target of $18.00. The company’s shares closed yesterday at $13.75.

Williams covers the Technology sector, focusing on stocks such as Littelfuse, Plexus, and Power Integrations. According to TipRanks, Williams has an average return of 9.2% and a 58.90% success rate on recommended stocks.

Currently, the analyst consensus on Ideal Power is a Moderate Buy with an average price target of $18.00.

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IPWR market cap is currently $81.18M and has a P/E ratio of -12.59.

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Ideal Power, Inc. engages in the development of power converter solutions for photovoltaic generation, grid-storage and electrified vehicle charging. Its products include solar inverters, bi-directional battery, electric vehicle chargers, photovoltaic inverters and battery converters. It has developed the patented Power Packet Switching Architecture power conversion technology. The company was founded by William C. Alexander on May 17, 2007 and is headquartered in Austin, TX.

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