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Fly News Breaks for February 28, 2017
IPWR
Feb 28, 2017 | 07:43 EDT
Oppenheimer analyst Colin Rusch lowered his price target for Ideal Power to $6 from $14 based on his lower 2019 annual revenue run-rate. Nonetheless, the analyst remains constructive on Ideal Power's shares given "dominant market share" and his expectation for rapid adoption of stationary energy storage through 2017 into 2018. He reiterates an Outperform rating on the shares.
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