Ideal Power Inc. Common Stock (IPWR)

FairStock Score: 46/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach a company like Ideal Power as a businessman first and a stock picker second. The business is trying to commercialize a bidirectional bipolar junction transistor solid-state switch and SymCool power module for EVs, charging, renewables, storage, and industrial drives. That is a potentially useful niche, but useful technology is not the same as a durable franchise. The filed numbers show how early this is: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was just $5,800, and net loss was $3.4 million. In fiscal Q2 2025, the quarter ended 2025-06-30, revenue was $1,275 and net loss was $3.0 million. Annual revenue has fallen from $198,871 in fiscal year 2023 to $86,032 in fiscal year 2024 to $37,728 in fiscal year 2025, while net losses stayed near $10 million each year. That is not a compounding machine; it is a cash-consuming venture. The balance sheet is a relative bright spot: the debt-to-equity ratio is 0.01, the Altman Z-Score is 10.04, and the Piotroski F-Score is 5/9, all FairStock calculations. But the trailing free cash flow is -$9.8 million, a -17.3% FCF yield against the $56.4 million market cap at the 2026-10-13 close. The P/B is 1.32, and the negative P/E is -3.33; ROE is -43.05% and ROCE is -25.06%, all FairStock calculations. To me, that is not a proven moat. It is a speculative bet on future adoption. The price may look modest versus book value, but it is not cheap versus current earnings or cash flow. The FairStock Score is 46/100.

In plain English: Ideal Power is a small technology company trying to sell a special power switch for electric vehicles, charging, renewable energy, and storage. The business looks weak today: it has lost money for years, and its latest reported quarter had only $5,800 of revenue with a $3.4 million loss. At the recent $3.43 close, the stock does not look cheap based on current sales, profits, or cash flow, even though the company has very little debt.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer