Michael C. Turmelle, Director at Ideal Power Inc. (IPWR), bought 5,250 shares at $7.60 ($40K) on 2026-05-26, disclosed to the SEC on 2026-06-01.
Director Michael C. Turmelle purchased 5,250 shares at $7.60, marking the largest insider purchase in the company's history. This significant buy coincides with the company's recent $30M funding round and its positioning in the high-voltage DC AI data center market.
The stock is trading at $3.16, down 36.52% over the past year and sitting 54.2% below its 52-week high of $6.90.
The company closed a $30M registered direct offering on May 19 to fund B-TRAN commercialization. Additionally, an LOI with an industry partner was signed on May 22 to develop a B-TRAN-enabled prototype for NVIDIA's Rubin Ultra 800V DC ecosystem. Finally, Director Michael C. Turmelle's purchase of 5,250 shares represents the largest insider buy in the company's history.
The company reported no revenue and a wider net loss in Q1 2026. Furthermore, the stock trades at a negative forward P/E of -6.35.
Something here stands out, but not much.
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