Zacks Investment Research Lowers Active Power Inc. (ACPW) to Hold

Zacks Investment Research cut shares of Active Power Inc. (NASDAQ:ACPW) from a buy rating to a hold rating in a report issued on Tuesday morning.

According to Zacks, “Active Power, Inc. designs, manufactures and markets power quality products that provide the consistent, reliable electric power required by today’s digital economy. The company is the first company to commercialize a flywheel energy storage system that provides a highly reliable, low-cost and non-toxic replacement for lead-acid batteries used in conventional power quality installations. The company has developed a battery-free power quality system which is marketed under the Caterpillar brand name. “

Shares of Active Power (NASDAQ:ACPW) opened at 0.325 on Tuesday. The firm’s 50 day moving average price is $0.34 and its 200-day moving average price is $0.55. The company’s market capitalization is $7.51 million. Active Power has a 1-year low of $0.29 and a 1-year high of $1.74.

Active Power (NASDAQ:ACPW) last issued its quarterly earnings data on Tuesday, July 26th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. The firm earned $10.73 million during the quarter, compared to analysts’ expectations of $7.20 million. Active Power had a negative return on equity of 88.30% and a negative net margin of 24.03%. Analysts expect that Active Power will post ($0.38) EPS for the current year.

In related news, major shareholder Perlus Microcap Fund L.P Pvam sold 81,774 shares of the company’s stock in a transaction on Friday, July 8th. The stock was sold at an average price of $0.38, for a total transaction of $31,074.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 20.00% of the company’s stock.

An institutional investor recently raised its position in Active Power stock. Renaissance Technologies LLC raised its position in shares of Active Power Inc. (NASDAQ:ACPW) by 20.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 424,475 shares of the company’s stock after buying an additional 72,475 shares during the period. Renaissance Technologies LLC owned 1.84% of Active Power worth $412,000 as of its most recent SEC filing. 12.20% of the stock is owned by hedge funds and other institutional investors.

Active Power Company Profile

Active Power, Inc designs, manufactures, sells and services flywheel-based uninterruptible power supply (UPS) products that use kinetic energy to provide short-term power as a cleaner alternative to electro-chemical battery-based energy storage. The Company also designs, manufactures, sells and services modular infrastructure solutions (MIS) that integrate critical power components into a pre-packaged, purpose built enclosure.

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