Roth Capital Equities Analysts Raise Earnings Estimates for iPower Inc. (NYSE:IPW)

iPower Inc. (NYSE:IPW) – Analysts at Roth Capital increased their FY2024 earnings estimates for shares of iPower in a research report issued to clients and investors on Tuesday, June 25th. Roth Capital analyst S. Fortune now anticipates that the company will earn ($0.06) per share for the year, up from their previous forecast of ($0.10). The consensus estimate for iPower’s current full-year earnings is ($0.06) per share. Roth Capital also issued estimates for iPower’s Q2 2025 earnings at $0.00 EPS, Q3 2025 earnings at $0.01 EPS and FY2025 earnings at $0.06 EPS.

iPower (NYSE:IPW) last released its earnings results on Tuesday, May 14th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.11. The business had revenue of $23.31 million during the quarter, compared to analysts’ expectations of $18.60 million. iPower had a negative net margin of 5.74% and a negative return on equity of 23.68%. During the same quarter in the previous year, the company earned ($0.05) earnings per share.

Several other research analysts have also commented on the company. Roth Mkm lifted their price target on iPower from $1.25 to $2.75 and gave the stock a “buy” rating in a report on Tuesday, June 25th. StockNews.com assumed coverage on shares of iPower in a research note on Friday. They set a “hold” rating on the stock.

iPower Trading Up 11.8 %

Shares of NYSE IPW opened at $2.08 on Friday. iPower has a 12-month low of $0.40 and a 12-month high of $3.65. The stock has a market cap of $62.02 million, a PE ratio of -12.24 and a beta of 4.13. The company has a 50-day moving average of $1.60 and a 200 day moving average of $0.93.

Insider Buying and Selling

In other news, CEO Chenlong Tan acquired 20,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was bought at an average price of $1.54 per share, for a total transaction of $30,800.00. Following the transaction, the chief executive officer now owns 8,063,334 shares in the company, valued at $12,417,534.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 27.63% of the company’s stock.

About iPower

iPower Inc operates as an online retailer and supplier of consumer home, garden, and pet products for commercial businesses and individuals in the United States. The company offers grow light systems; advanced heating, ventilation, and air conditioning systems; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media products.