By Nicholas G. Miller
Shares of Ideal Power surged after the company said it was seeing significant revenue growth opportunities from its orders pipeline.
The stock is up 41% to $5.51 but is still down 27% so far this year.
The company, which develops a semiconductor power switch, said it was receiving business from the designer of a solid-state circuit breaker, multiple automotive suppliers and car-maker Stellantis.
The company said Stellantis had internally approved an order for custom development and packaged devices for electric vehicle applications.
Ideal Power reported a second-quarter loss of $3.04 million, or 33 cents a share, compared with a loss of $2.66 million, or 31 cents a share, the year prior.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
August 14, 2025 14:19 ET (18:19 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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