Ideal Power Inc. (IPWR): Lon E Bell , director of Ideal Power Inc. purchased 8,000 shares on May 19, 2016. The Insider buying transaction was reported by the company on May 20, 2016 to the Securities and Exchange Commission. The shares were purchased at $5.02 per share for a total value of $40,144.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 20, 2016, Bill Alexander (Chief Technology Officer) sold 8,000 shares at $5.02 per share price.On May 17, 2016, Ryan O’keefe (SVP, Business Development) purchased 1,000 shares at $4.03 per share price.Also, On Mar 14, 2016, Timothy Burns (CFO) purchased 1,000 shares at $4.25 per share price.On Mar 7, 2016, Daniel Brdar (CEO) purchased 4,650 shares at $4.50 per share price.
Ideal Power Inc: On Thursday, May 19, 2016 heightened volatility was witnessed in Ideal Power Inc which led to swings in the share price. The shares opened for trading at $3.92 and hit $4.03 on the upside , eventually ending the session at $4.03, with a gain of 3.33% or 0.13 points. The heightened volatility saw the trading volume jump to 18,423 shares. The 52-week high of the share price is $9.648 and the company has a market cap of $39 M . The 52-week low of the share price is at $3.9.
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.