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Fly News Breaks for August 14, 2018
IPWR
Aug 14, 2018 | 07:35 EDT
H.C. Wainwright analyst Amit Dayal lowered his price target for Ideal Power to $2 citing uncertainty over the company's mid-to-long term pipeline materializing following its Q2 results. The analyst now expects Ideal Power's Q3 revenue to remain flat sequentially, and Q4 revenue to be only modestly higher. However, during 2019 he expects to see revenues grow based on the company's current pipeline. Dayal keeps a Buy rating on Ideal Power.
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