All Charged Up: PRISM Emerging EV Index Ideal Power (IPWR) Up Over 75% in Past Five Days
The PRISM Emerging EV tech company Ideal Power Inc. (IPWR) develops and commercializes power conversion solutions for various industries, including energy storage, renewable energy, and electric vehicles. Today the stock is up 20% and has been up over 70% in the past five days.
The super charged share price move is likely attributed to the positive recent news they have been reporting. Today, Ideal Power announced its early completion of Phase II, a key stage in their development of next-gen EV inverters with partner, Stellantis. Phase III’s objective will be to complete and certify a production ready B-TRAN-based module targeted for 2025. Additionally, on Tuesday, the company revealed it would begin shipment of its SynCool™ Power Module to fulfill customer orders.
The company intends to announce its fourth quarter and full year 2023 results next week on February 29th before the market open.
