IPWR Stock Increases Over 34% Intraday: Why It Happened

By Amit Chowdhry ● July 20, 2021
  • The stock price of Ideal Power Inc (NASDAQ: IPWR) increased by over 34% during intraday trading. This is why it happened.

The stock price of Ideal Power Inc (NASDAQ: IPWR) – a company pioneering the development and commercialization of B-TRAN bi-directional power switches – increased by over 34% during intraday trading. Investors are responding positively to Ideal Power announcing that a top 10 global automaker will be sampling B-TRAN devices for electric vehicle (EV) drivetrain, power conversion, circuit protection, and other EV applications. And this represents Ideal Power’s first sampling announcement in the EV space, already the largest segment in the $6 billion power switch market, a market forecasted to grow to $11 billion by 2026.

Following substantial technical and commercial briefings on B-TRAN and its capabilities, the global automaker will bring resources from their advanced technology engineering team to test and evaluate B-TRAN and its driver for EV applications. And the feedback and data from this testing will be shared with Ideal Power for incorporation into the company’s commercial intelligent power module and potentially custom modules for EV applications.

Ideal Power’s patented semiconductor power switch, the Bi-directional Bipolar Junction Transistor, or B-TRAN reduces power losses by 50% or more over conventional power switches, depending on the application. And B-TRAN’s higher efficiency results in less heat being generated and significantly lower thermal management requirements, requiring significantly smaller surface area to dissipate heat and giving rise to potentially smaller OEM products. Plus B-TRAN offers the industry’s only symmetric bi-directional operation, reducing the number of components required for application by 75% as compared to a conventional bi-directional switch utilizing IGBTs and diodes. This highly efficient symmetric operation provides a strong competitive advantage in bi-directional applications, which are growing rapidly as transportation electrifies and power generation shifts to renewable energy coupled with energy storage.

KEY QUOTE:

“We are excited to make the first of what we expect to be several announcements for the evaluation and potential adoption of B-TRAN™ for electric vehicle applications. Based on our discussions with large global automobile manufacturers and their Tier 1 suppliers, we believe B-TRAN can have a meaningful impact on the drivetrain efficiency and range of electric vehicles and potentially enable more economic and efficient new drivetrain architectures. As B-TRAN can offer substantial performance improvements over conventional power semiconductors in applications across many sectors, we are also engaged in ongoing engineering sampling discussions with power equipment manufacturers, both large and small, in renewable energy, data centers and other industrial and utility applications.”

— Dan Brdar, President and Chief Executive Officer of Ideal Power

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.