On The Fly: Analyst Initiation Summary Today's noteworthy initiations include: Abtech Holdings (ABHD) initiated with a Buy at Chardan... Alibaba (BABA) initiated with a Buy at ... Cherokee (CHKE) initiated with a Buy at Brean Capital... Columbia Property Trust (CXP) initiated with a Sell at Goldman... Emerge Energy (EMES) initiated with a Buy at Goldman... GrubHub (GRUB) initiated with a Buy at BofA/Merrill... Iconix Brand (ICON) initiated with a Hold at Brean Capital... Ideal Power (IPWR) initiated with a Buy at Roth Capital... NorthStar Asset Management (NSAM) initiated with a Hold at MLV & Co.... Restoration Hardware (RH) initiated with a Buy at CRT Capital... Sequential Brands (SQBG) initiated with a Buy at Brean Capital... Sprouts Farmers Markets (SFM) initiated with an Overweight at Barclays... Urban Outfitters (URBN) initiated with a Neutral at Buckingham... Williams-Sonoma (WSM) initiated with a Fair Value at CRT Capital... Xcel Brands (XELB) initiated with a Buy at Brean Capital.
Ideal Power receives multi-unit orders from Sharp Ideal Power (IPWR) announced that it received purchase orders from Sharp Electronics (SHCAY) pursuant to the previously announced multi-year purchase agreement with Sharp. The 30kW battery converters are expected to be delivered starting in September with additional deliveries through the end of 2014. The units will be incorporated into Sharp's SmartStorage systems, which are being installed in commercial buildings throughout California for demand charge reduction. The company believes that these orders reflect a growing market demand for energy storage products.