Ideal Power: Surges on power conversion unit sale

Ideal Power

17/04/2019 17:34

** Shares of Ideal Power Inc  IPWR.O  jump about 86% to 76
cents 
    ** Privately held Pathion Holdings to buy power conversion
business of Ideal Power in a cash-and-stock deal  urn:newsml:reuters.com:*:nGNX9SdN1K
    ** IPWR among top traded stocks across U.S. exchanges,
trading at more than triple its 25-day moving avg vols 
    ** Shares set for their best day since their 2013 debut 
    ** Including session's gains, IPWR shares have more than
tripled in value this year 

 (Reporting by Shreyashi Sanyal in Bengaluru)
 ((RM: Shreyashi.Sanyal.thomsonreuters.com@reuters.net))