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Ideal Power Inc

IDEAL POWER (IPWR)

Founded in 2007, Ideal Power Inc is a renewable energy product company that specializes in power conversion solutions. The company, formerly known as IDEAL Power Solutions, Inc, is headquartered in Austin, Texas.

HISTORY

Ideal Power was founded in January 2007 by Grant T. Hervey, III, Paul M. Borders, & William R. Block. The company aimed to address the need for efficient and sustainable power conversion solutions for industrial and renewable energy applications. In 2010, the company's first patent was for its bi-directional energy converters. In 2011, the company first sold its products to customers.

On June 17, 27, & 28, 2013, the company raised $2 million, $12 million, & $17.2 million, respectively, and on March 27, 2014, it raised $32.5 million in public offerings.

On June 25, 2018, the company announced that it would be delisted from NASDAQ. In August, it was listed on the OTCQB Venture Marketplace & changed its ticker symbol from "IPWR" to "OTCQB: IPWR."

ON APRIL 16, 2020, Ideal Power announced a 1-for-10 reverse split of its issued and outstanding common stock.

PRODUCTS

Ideal Power provides a variety of power conversion products, including 3-phase string inverters, 3-phase central inverters, and DC-DC battery charging systems. Their main product line is the Grid Resilient 3-phase string inverter, which includes the Grid Resilient 200-N36, Grid Resilient 250-N48, and Grid Resilient 300-N48.

On July 8, 2014, Ideal Power received UL 1741 and UL 1741 SA (Rule 21) certifications for its grid-resilient 3-phase string inverters. On November 26, 2014, the company received UL 2106 certification for its Grid-Resilient 200-N36 three-phase string inverter for use in hazardous locations.

IPWR EARNINGS

The next earnings report date for Ideal Power Inc is not yet announced.

IPWR Price to Earning (P/E) Ratio: Ideal Power Inc has a negative P/E ratio, which may indicate that investors overlook its earnings growth potential. Compared to the US Electrical Equipment & Parts industry, IPWR has a P/E ratio that is lower than 88.45% of its peers.

IPWR Earnings Date

Earnings date is coming soon. As of Dec 16, 2022, the next earnings report date for Ideal Power Inc (NASDAQ: IPWR) is not yet announced.

IPWR Shares Outstanding: As of Dec 15, 2022, there were 17.76M shares outstanding.

IPWR Market Cap: As of Dec 16, 2022, the company had a market cap of $27.41 million.

IPWR Revenue:

Quarter -Revenue ($ millions) - Net Income ($ millions) - EPS

Q2 2022 $0.48 $2.12 -$0.14

Q1 2022 $0.67 $0.47 -$0.15

2021 $2.60 $0.06 -$0.14

Q4 2021 $0.64 -$2.60 $0.06 -$0.14

GROWTH

Over the past five years, Ideal Power Inc's revenue has grown by 31.53% YOY.

On June 9, 2015, CEO Dan Brdar announced that the company had a 325kW order for their 3-Phase String Inverters from PSEG.

On December 8, 2015, the company announced that its Grid Resilient 3-Phase String Inverters had been selected by E Source Companies for their advanced energy storage project in Maryland.

On January 4, 2017, Ideal Power announced a master supply agreement with SolarCraft, a California-based provider of solar energy solutions.

On May 30, 2018, Ideal Power Inc announced the promotion of its CTO, Justin D. O'Connor, to the role of Chief Executive Officer.

On July 11, 2019, Ideal Power announced a distribution deal with ABB for its Sunister line of solar & energy storage inverters.

On June 26, 2020, the company announced a $1.3 million order from an unidentified buyer.

On March 24, 2021, the company announced an upgrade to its Power Pack Energy Storage System to 636 kWh.

On August 4, 2022, the company announced a 500kW order for its Grid Resilient 3-Phase String Inverters.

MEDIA & PRESS RELEASES

On June 15, 2022, Ideal Power entered into a non-binding letter of intent to collaborate with Suntuity REI, a developer of renewable energy solutions for underserved communities.

On June 21, 2022, Ideal Power announced an initial order worth $144,000 from Suntuity REI.

On July 20, 2022, Ideal Power and Suntuity REI agreed on a master supply agreement for a minimum of $1.6 million.

On August 31, 2022, Ideal Power announced an agreement with North America Rep. Group LLC to expand sales of its products throughout North America.

On August 25, 2022, Ideal Power announced a non-binding letter of intent to acquire an 80% stake in Noellerheide photovoltaic park in Bitburg, Germany, and intends to negotiate a binding acquisition agreement & secure financing.

On September 15, 2022, Ideal Power announced the appointment of Mercedes D. Colomer as the principal accounting officer.

On November 22, 2022, the company reported that its CFO received a notice of deficiency from Nasdaq due to a delay in filing the company's Q3 2022 10-Q.

COMPETITION

Ideal Power faces competition from several companies that provide power conversion solutions in the renewable energy industry. These companies include SolarEdge, Enphase Energy, SunPower, and SolarCity.

On October 30, 2017, Ideal Power Inc announced that it had settled its litigation with SunPower Corporation for infringement of its patents related to Maximum Power Point Tracking.

CAUTION

Ideal Power disclosed that it received a notice from Nasdaq regarding its delay in filing its quarterly report. The notice could lead to the company's stock getting delisted.

While the company has been expanding and received a significant order recently, the stock has been trading lower since the announcement. It's down almost 15% this week and over 28% in the last month. Its stock price has fallen more than 93% from its 52-week high.

As of Dec 15, 2022, the consensus forecast among 1 polled investment analysts covering (NASDAQ: IPWR) suggests that the company will outperform the market.

The company has no insider ownership but significant institutional ownership. Institutions own 16% of the outstanding shares. Citadel Securities LLC has 7.7% of the total shares outstanding, while Susquehanna Fundamental Investments, LLC has a 4.3% stake.

In conclusion, Ideal Power Inc has been a innovative product company specializing in power conversion solutions. Its products include 3-phase string inverters, 3-phase central inverters, & DC-DC battery charging systems. The company has expanded its operations and received a significant