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Ideal Power
(NASDAQ:IPWR)
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Rating:55Neutral
Price Target:
$5.50
▲(17.02% Upside)
Action:Reiterated
Date:08/17/26
IPWR’s score is held back primarily by very weak financial performance (tiny revenue base, heavy losses, and ongoing cash burn), despite low leverage. Offsetting this, technicals show a clear uptrend with moderately strong momentum, and the latest earnings call points to tangible product/commercial progress and improved liquidity from the recent raise—though continued burn guidance and conversion/timing risk keep the overall score in the mid-range.
Positive Factors
Intellectual Property
A portfolio of 103 issued B‑TRAN patents with additional trade‑secret wafer process protection creates durable barriers to entry. Strong IP supports licensing, deters direct copying, and underpins long‑term royalty economics if partners commercialize B‑TRAN at scale.
Negative Factors
Collapsed Revenue & Negative Gross Profit
Revenue has fallen to a negligible base and trailing gross profit is negative, indicating the technology has not yet generated commercial product sales. Until design wins convert to production orders, margins remain structurally unproven and the company cannot sustain operating losses from sales alone.
Read all positive and negative factors
Positive Factors
Negative Factors
Intellectual Property
A portfolio of 103 issued B‑TRAN patents with additional trade‑secret wafer process protection creates durable barriers to entry. Strong IP supports licensing, deters direct copying, and underpins long‑term royalty economics if partners commercialize B‑TRAN at scale.
Read all positive factors
Ideal Power (IPWR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$81.52M
Dividend YieldN/A
Average Volume (3M)186.34K
Price to Earnings (P/E)―
Beta (1Y)1.79
Revenue Growth57.22%
EPS Growth13.79%
CountryUS
Employees17
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-1.06
Shares Outstanding16,434,654
10 Day Avg. Volume121,887
30 Day Avg. Volume186,338
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)3.58
Price to Sales (P/S)748.20
P/FCF Ratio-3.05
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.97
Revenue Forecast (FY)$800.00K
Ideal Power Business Overview & Revenue Model
Company Description
Ideal Power Inc. is dedicated to the development and market introduction of its proprietary B-TRAN technology, an advanced bi-directional bipolar junction transistor solid-state switch. The company, founded in 2007 and based in Austin, Texas, was ...
How the Company Makes Money
Ideal Power primarily makes money by commercializing its B-TRAN power switch technology through licensing and related commercialization arrangements with larger manufacturers and system integrators. Revenue, when generated, is expected to come fro...
Ideal Power Earnings Call Summary
Earnings Call Date:Aug 13, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 12, 2026
Earnings Call Sentiment Positive
The call conveyed strong commercial and operational progress—multiple prototype milestones, a long-term foundry agreement with first silicon, expansion of the sales funnel (+≈33%), product kit rollouts, and a $27.7M capital raise leading to $41.3M cash on hand. These positives are balanced against early-stage / modest near-term revenue, increased operating expenses and net loss (operating expenses +≈16%, net loss +≈13%), higher 2026 cash burn guidance versus 2025, patent rationalization charges, and execution/timing risk associated with converting the pipeline into production revenue. Overall, management portrays cautious optimism: clear technical and go-to-market momentum but with near-term financial and execution challenges that are typical for a company transitioning from development to commercialization.Positive Updates
Prototype and Product Development Momentum
Finalizing low-current SSCB prototype for lead Asia customer with shipment for internal testing later in the month; B-TRAN-enabled SSCB prototypes expected in Q4 2026 for 800V AI data center and energy grid customers with initial low-volume orders expected in Q4.
Negative Updates
Modest Near-Term Revenue
Recorded only modest revenue in Q2 2026; initial customer orders are expected to be small as customers progress through evaluation and design cycles before larger OEM production orders.
Read all updates
Q2-2026 Updates
Positive
Negative
Prototype and Product Development Momentum
Finalizing low-current SSCB prototype for lead Asia customer with shipment for internal testing later in the month; B-TRAN-enabled SSCB prototypes expected in Q4 2026 for 800V AI data center and energy grid customers with initial low-volume orders expected in Q4.
Read all positive updates
Company Guidance
Management guided Q3 cash burn of about $2.7–$2.9M and full‑year 2026 cash burn of roughly $10.3–$10.5M (2025 cash burn was $9.6M); Q2 cash burn was $2.5M (at the low end of prior guidance). The company ended June 30 with $41.3M in cash after a $27.7M net registered direct offering, has no debt, and a fully diluted share count of 21,070,159 (16,421,520 basic shares, 1,238,553 options/units, 3,410,086 prefunded warrants). Q2 results included modest revenue, operating expenses of $3.6M (vs. $3.1M a year ago) and a net loss of $3.4M (vs. $3.0M), with management expecting modest OpEx increases and quarter‑to‑quarter variability; they continue to target 40%+ gross margins supported by a new long‑term automotive‑qualified foundry (functional first silicon achieved). Product and commercial timing guidance includes starting industrial (JEDEC) qualification this quarter and completing in Q4, prototype SSCB shipment to the lead Asia customer later this month and broader B‑TRAN SSCB prototypes and initial low‑volume orders in Q4 2026, a co‑developed hyperscaler prototype targeted by end‑Q4, a Stellantis milestone in Q4, rollout and first stocking order for SSCB RDKs in the coming weeks, and a sales funnel that has grown to over $400M (from about $300M), split roughly 50/50 between automotive and AI/industrial; 105 issued patents remain intact.Ideal Power Financial Statement Overview
Summary
Income Statement
9
Very Negative
Balance Sheet
62
Positive
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.25K | 37.73K | 86.03K | 198.87K | 203.27K | 576.40K |
| Gross Profit | -233.97K | -22.68K | -7.38K | 38.26K | 0.00 | 0.00 |
| EBITDA | -11.74M | -10.12M | -10.00M | -9.68M | -7.00M | -4.60M |
| Net Income | -11.88M | -10.58M | -10.42M | -9.95M | -7.19M | -4.77M |
Balance Sheet | ||||||
| Total Assets | 45.05M | 10.05M | 19.83M | 12.25M | 19.40M | 25.88M |
| Cash, Cash Equivalents and Short-Term Investments | 41.29M | 6.13M | 15.84M | 8.47M | 16.35M | 23.17M |
| Total Debt | 358.45K | 403.33K | 486.02K | 202.99K | 267.58K | 326.45K |
| Total Liabilities | 2.58M | 2.17M | 1.97M | 2.19M | 1.49M | 1.73M |
| Stockholders Equity | 42.47M | 7.88M | 17.86M | 10.06M | 17.91M | 24.15M |
Cash Flow | ||||||
| Free Cash Flow | -9.48M | -9.25M | -9.25M | -7.37M | -6.57M | -4.52M |
| Operating Cash Flow | -9.18M | -9.14M | -8.74M | -7.13M | -6.38M | -4.28M |
| Investing Cash Flow | -593.21K | -449.49K | -506.43K | -522.95K | -312.74K | -236.94K |
| Financing Cash Flow | 39.97M | -128.83K | 16.62M | -216.26K | -127.87K | 24.53M |
Ideal Power Technical Analysis
Positive
4.70
Price Trends
4.52
Positive
5.03
Negative
4.26
Positive
Market Momentum
0.09
Negative
53.13
Neutral
52.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IPWR, the sentiment is Positive. The current price of 4.7 is below the 20-day moving average (MA) of 4.82, above the 50-day MA of 4.52, and above the 200-day MA of 4.26, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 53.13 is Neutral, neither overbought nor oversold. The STOCH value of 52.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IPWR.
Ideal Power Risk Analysis
Ideal Power disclosed 25 risk factors in its most recent earnings report. Ideal Power reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Ideal Power Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | $81.52M | -4.59 | -60.76% | ― | 57.22% | 13.79% | |
45 Neutral | $32.41M | -4.49 | -27.64% | 34.97% | ― | ― | |
45 Neutral | $12.98M | -1.54 | -261.63% | ― | -36.58% | 5.31% | |
41 Neutral | $2.44M | -0.09 | 256.59% | ― | ― | 67.65% | |
39 Underperform | $15.26M | -0.13 | -1934.84% | ― | -119.02% | 53.13% | |
38 Underperform | $16.33M | -0.06 | -1565.55% | ― | -4.85% | 53.62% |
* Technology Sector Average
IPWR
Ideal Power
4.87
-0.18
-3.56%
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GWH
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-73.93%
SDST
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0.16
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-94.15%
DFLI
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1.05
-1.90
-64.41%
Ideal Power Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Ideal Power Shareholders Approve Amended Equity Incentive Plan
Positive
Jun 4, 2026
On June 3, 2026, Ideal Power Inc. held its 2026 Annual Meeting of Stockholders as a virtual webcast, where shareholders approved an amended and restated 2013 Equity Incentive Plan that adds 800,000 authorized shares, tightens rules on repricing an...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Ideal Power Raises Capital via Registered Direct Offering
Positive
May 18, 2026
On May 14, 2026, Ideal Power Inc. entered into a securities purchase agreement with institutional investors for a registered direct offering of 3,220,961 shares of common stock and pre-funded warrants for up to 2,070,044 additional shares. The off...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.