S Squared Technology buys $2,845,514 stake in Ideal Power Inc (IPWR)

Ideal Power Inc (IPWR) : S Squared Technology scooped up 44,904 additional shares in Ideal Power Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 586,704 shares of Ideal Power Inc which is valued at $2,845,514.Ideal Power Inc makes up approximately 2.84% of S Squared Technology’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in IPWR in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 138,596 shares of Ideal Power Inc which is valued at $672,191.Commonwealth Equity Services Inc boosted its stake in IPWR in the latest quarter, The investment management firm added 4,501 additional shares and now holds a total of 37,600 shares of Ideal Power Inc which is valued at $194,768.Magee Thomson Investment Partners reduced its stake in IPWR by selling 417 shares or 77.08% in the most recent quarter. The Hedge Fund company now holds 124 shares of IPWR which is valued at $665.

Ideal Power Inc opened for trading at $5.09 and hit $5.28 on the upside on Monday, eventually ending the session at $5.28, with a gain of 6.02% or 0.3 points. The heightened volatility saw the trading volume jump to 10,666 shares. Company has a market cap of $50 M.

Ideal Power Inc. (Ideal Power) provides solutions for markets such as battery energy storage systems integrated renewable energy and storage and microgrid applications. Ideal Power has developed an electronic power conversion technology called Power Packet Switching Architecture (PPSA). Ideal Power’s PPSA is a transformerless power conversion system that provides the necessary electrical isolation required to connect electrical devices together on the grid. As of December 31 2014 the Company was selling six power conversion products utilizing its PPSA technology: a 30kW photovoltaic (PV) inverter a 30kW battery converter a 30kW grid-resilient alternating current (AC)-direct current (DC)-DC multi-port power conversion system a 125kW grid-resilient AC-DC power conversion system a 125kW grid-resilient AC-DC-DC multi-port power conversion system and a 30kW grid-resilient AC-DC power conversion system.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *