|Over a week ago|
iPower initiated with a Buy at Roth Capital » 08:2706/0706/07/21
Roth Capital analyst…
Roth Capital analyst Scott Fortune initiated coverage of iPower (IPW) with a Buy rating and $9 price target. The analyst notes that iPower is a leading online hydroponics retailer with a 67%-plus in-house branded product mix, producing consolidated gross margins of over 37%. iPower uses data to develop products in the hydroponic category where it is currently a leading third-party online supplier on Amazon (AMZN), while optimizing low-cost sourcing, price, and fulfillment to drive margins, Fortune adds. The analyst sees margin upside to come from additional private label launches and increased Zenhydro website traffic.
iPower initiated with a Buy at DA Davidson » 07:3706/0706/07/21
DA Davidson analyst…
DA Davidson analyst Michael Baker initiated coverage of iPower (IPWR) with a Buy rating and $10 price target. The analyst contends that the company has "significant" share gain potential and an above-average financial growth outlook given its "differentiated" private label program and a strong first party relationship with Amazon (AMZN). Following its IPO in May, iPower will use the additional capital to fund multiple strategic initiatives that will drive improved profitability on top of its access to ten years of rich data history that supports product innovation to match consumer's needs, Baker adds.
iPower initiated with a Buy at DA Davidson » 06:4006/0706/07/21
DA Davidson analyst…
DA Davidson analyst Michael Baker initiated coverage of iPower with a Buy rating and $10 price target.
|Over a month ago|
Opening Day: E-commerce company Global-e valued at $3.6B in debut » 07:3505/1505/15/21
VERA, DBGI, EJH, SMWB, GLBE, IPW, FLGC, DV, PATH, NPCE, RAIN, SWIM, TMCI, SQSP, QNIU, SVFD, RGCB, CMSL, UBER, LYFT, SBUX, HCG, GNW, MS
Global-e Online opened 3%…
iPower opens at $5.66, IPO priced at $5 per share 11:3905/1205/12/21
iPower indicated to open at $5.20, IPO priced at $5 » 11:3005/1205/12/21
iPower (IPW) priced 3.36M…
iPower (IPW) priced 3.36M shares at $5.00. DA Davidson and Roth Capital are acting as joint book running managers for the offering. iPower is an online retailer and supplier of hydroponics equipment and accessories in the United States.
IPower 3.36M share IPO price $5.00 » 06:3505/1205/12/21
DA Davidson and Roth…
DA Davidson and Roth Capital are acting as joint book running managers for the offering.