Analyst Coverage

Firm Analyst
Craig-Hallum Capital Group Eric Stine
FBR Capital Markets & Co. Carter Driscoll
Northland Capital Markets Jeff Grampp
Oppenheimer & Co. Colin Rusch
Rodman & Renshaw Amit Dayal
Roth Capital Partners Craig Irwin

Ideal Power Inc. is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Ideal Power Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Ideal Power Inc. or its management. Ideal Power Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.