Ideal Power (IPWR)
NASDAQ:IPWR
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Ideal Power
(NASDAQ:IPWR)
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Rating:45Neutral
Price Target:
$3.00
▼(-23.66% Downside)
Action:ReiteratedDate:03/10/26
The score is held down primarily by weak financial performance—tiny/declining revenue, persistent large losses, and sustained cash burn—along with a bearish technical trend (price below key moving averages and negative MACD). Partially offsetting this are constructive strategic signals from the earnings call (Stellantis and design-win progress) and improved funding runway from the recent $14M raise, while valuation provides limited support due to negative earnings and no dividend.
Positive Factors
Proprietary B-TRAN technology
Ideal Power’s proprietary B-TRAN switch is a structural competitive asset: it targets efficiency, size and power-density gains in EV charging, renewables and storage. Sustained technical differentiation can enable licensing, device sales, and long-term OEM design-ins across electrification markets.
Negative Factors
Sustained negative cash flow
Persistent operating and free cash outflows indicate the business is not yet self-sustaining; continued cash burn will require further funding or rapid revenue conversion. This pressure constrains strategic flexibility and increases execution risk during commercialization.
Read all positive and negative factors
Positive Factors
Negative Factors
Proprietary B-TRAN technology
Ideal Power’s proprietary B-TRAN switch is a structural competitive asset: it targets efficiency, size and power-density gains in EV charging, renewables and storage. Sustained technical differentiation can enable licensing, device sales, and long-term OEM design-ins across electrification markets.
Read all positive factors
Ideal Power (IPWR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$37.84M
Dividend YieldN/A
Average Volume (3M)74.10K
Price to Earnings (P/E)―
Beta (1Y)1.20
Revenue Growth-69.65%
EPS Growth11.41%
CountryUS
Employees16
SectorTechnology
Sector Strength88
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.21
Shares Outstanding12,089,389
10 Day Avg. Volume58,841
30 Day Avg. Volume74,104
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 Cap0.54
Enterprise Value/Revenue545.74
Enterprise Value/Gross Profit-147.11
Enterprise Value/Ebitda-2.00
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-1.15
Revenue Forecast (FY)$1.00M
Ideal Power Business Overview & Revenue Model
Company Description
Ideal Power Inc. (IPWR) is a technology company specializing in innovative power conversion solutions, primarily focusing on the renewable energy and electric vehicle sectors. The company develops and sells advanced power electronics, including it...
How the Company Makes Money
Ideal Power’s revenue model centers on monetizing its B-TRAN technology through (1) technology licensing and related royalties, (2) sales of B-TRAN devices once commercially available at scale, and (3) development and commercialization agreements ...
Ideal Power Earnings Call Summary
Earnings Call Date:Nov 13, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:May 20, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted several positive developments, including a new CEO with extensive experience, a promising partnership with Stellantis, expansion into the Asian market, and technical advancements in B-TRAN products. However, increased cash burn, minimal revenue, and long evaluation periods for new technology present challenges. Overall, the call reflects a balanced outlook with significant potential but also notable hurdles.Positive Updates
New CEO Appointment
David Somo was appointed as the new CEO, bringing over thirty years of semiconductor industry experience, with plans to drive revenue growth and leverage existing market opportunities.
Negative Updates
Increased Cash Burn
Cash burn from operating and investing activities increased to $2.7 million in Q3 2025, up from $2.4 million in 2024, with expectations of $10 million for the full year.
Read all updates
Q3-2025 Updates
Positive
Negative
New CEO Appointment
David Somo was appointed as the new CEO, bringing over thirty years of semiconductor industry experience, with plans to drive revenue growth and leverage existing market opportunities.
Read all positive updates
Company Guidance
During the Ideal Power third quarter 2025 results conference call, the company provided several key metrics and guidance points. Ideal Power reported a cash burn from operating and investing activities of $2.7 million for the third quarter, with a forecasted full-year cash burn of approximately $10 million. The company noted an increase in operating expenses to $3 million, attributed to higher wafer fabrication costs at their second foundry. Tim Burns, the CFO, mentioned that the company had cash and cash equivalents totaling $8.4 million as of September 30, 2025, with no debt on their balance sheet. Ideal Power is engaged in a strategic partnership with Stellantis and expects a multiyear EV contactor program that could begin test installations as early as late 2026. The company also highlighted progress with a first design win customer, indicating potential revenue of several hundred thousand dollars in the first year and over a million dollars in the second year. Moreover, Ideal Power increased the power rating of their discrete B-TRAN product by 50%, sparking greater interest from existing and new customers. CEO David Somo emphasized a focus on revenue growth and expanding the sales pipeline, particularly in Asia, with the addition of a direct salesperson in the region to capture the growing interest in B-TRAN technology.Ideal Power Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 37.73K | 86.03K | 198.87K | 203.27K | 576.40K |
| Gross Profit | -22.68K | -7.38K | 38.26K | 0.00 | 0.00 |
| EBITDA | -10.48M | -10.65M | -10.08M | -7.16M | -4.69M |
| Net Income | -10.58M | -10.42M | -9.95M | -7.19M | -4.77M |
Balance Sheet | |||||
| Total Assets | 10.05M | 19.83M | 12.25M | 19.40M | 25.88M |
| Cash, Cash Equivalents and Short-Term Investments | 6.13M | 15.84M | 8.47M | 16.35M | 23.17M |
| Total Debt | 403.33K | 486.02K | 202.99K | 267.58K | 326.45K |
| Total Liabilities | 2.17M | 1.97M | 2.19M | 1.49M | 1.73M |
| Stockholders Equity | 7.88M | 17.86M | 10.06M | 17.91M | 24.15M |
Cash Flow | |||||
| Free Cash Flow | -9.25M | -9.25M | -7.37M | -6.57M | -4.52M |
| Operating Cash Flow | -9.14M | -8.74M | -7.13M | -6.38M | -4.28M |
| Investing Cash Flow | -449.49K | -506.43K | -522.95K | -312.74K | -236.94K |
| Financing Cash Flow | -128.83K | 16.62M | -216.26K | -127.87K | 24.53M |
Ideal Power Technical Analysis
Neutral
3.93
Price Trends
3.50
Negative
3.59
Negative
4.36
Negative
Market Momentum
-0.13
Negative
48.61
Neutral
51.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IPWR, the sentiment is Neutral. The current price of 3.93 is above the 20-day moving average (MA) of 3.13, above the 50-day MA of 3.50, and below the 200-day MA of 4.36, indicating a neutral trend. The MACD of -0.13 indicates Negative momentum. The RSI at 48.61 is Neutral, neither overbought nor oversold. The STOCH value of 51.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IPWR.
Ideal Power Risk Analysis
Ideal Power disclosed 23 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 | $36.84M | -6.78 | 96.55% | ― | ― | ― | |
45 Neutral | $37.84M | -2.67 | -91.56% | ― | -69.65% | 11.41% | |
45 Neutral | $24.97M | 10.40 | 365.40% | ― | 2.14% | 5.01% | |
45 Neutral | $32.61M | -0.43 | -265.36% | ― | -3.53% | 24.37% | |
43 Neutral | $27.71M | -1.44 | 209.00% | ― | ― | 61.78% | |
42 Neutral | $24.78M | -52.08 | 9999.00% | ― | 18.24% | 24.49% |
* Technology Sector Average
IPWR
Ideal Power
2.79
-1.07
-27.72%
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Ideal Power Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Ideal Power Raises $14 Million in Equity Offering
Positive
Feb 25, 2026
On February 23, 2026, Ideal Power Inc. entered an underwriting agreement for an underwritten public offering of 3,505,855 common shares and pre-funded warrants for up to 952,881 shares, alongside a concurrent private placement of additional pre-fu...
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.