Analysts Offer Insights on Conglomerates Companies: Dynamic Materials Corp (NASDAQ: BOOM), Ideal Power (NASDAQ: IPWR) and Gentherm (NASDAQ: THRM)

By Carrie Williams

Companies in the Conglomerates sector have received a lot of coverage today as analysts weigh in on Dynamic Materials Corp (NASDAQ: BOOM), Ideal Power (NASDAQ: IPWR) and Gentherm (NASDAQ: THRM).

Dynamic Materials Corp (NASDAQ: BOOM)

Roth Capital analyst Gerry Sweeney reiterated a Buy rating on Dynamic Materials Corp (NASDAQ: BOOM) today and set a price target of $18.50. The company’s shares opened today at $13.05.

According to TipRanks.com, Sweeney is a 4-star analyst with an average return of 6.5% and a 57.4% success rate. Sweeney covers the Utilities sector, focusing on stocks such as Nuverra Environmental Solutions Inc, Global Water Resources Inc, and Connecticut Water Service.

Dynamic Materials Corp has an analyst consensus of Moderate Buy, with a price target consensus of $18.50.

Ideal Power (NASDAQ: IPWR)

In a report released today, Craig Irwin from Roth Capital reiterated a Hold rating on Ideal Power (NASDAQ: IPWR), with a price target of $3. The company’s shares opened today at $3.10.

Irwin observed:

“We are updating our model to reflect a slower customer ramp than previously anticipated, with market activity, competitive losses, and customer delays impacting Ideal Power’s revenue progression.”

According to TipRanks.com, Irwin is a 4-star analyst with an average return of 5.3% and a 46.7% success rate. Irwin covers the Consumer Goods sector, focusing on stocks such as Renewable Energy Group, Maxwell Technologies, and Darling Ingredients.

Ideal Power has an analyst consensus of Strong Buy, with a price target consensus of $4.67.

Gentherm (NASDAQ: THRM)

Roth Capital analyst Matt Koranda reiterated a Hold rating on Gentherm (NASDAQ: THRM) today and set a price target of $33. The company’s shares opened today at $35.

According to TipRanks.com, Koranda is a 1-star analyst with an average return of -3.6% and a 39.1% success rate. Koranda covers the Industrial Goods sector, focusing on stocks such as Cooper-Standard Holdings, Pioneer Power Solutions, and Columbus Mckinnon Corp.

Gentherm has an analyst consensus of Moderate Buy, with a price target consensus of $33.

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