Ideal Power shares surge 31.26% intraday after Stellantis approves order for custom B-TRAN devices.

Ideal Power Inc. surged 31.26% intraday, following the release of its Q2 2025 financial report, which revealed that Stellantis has approved a purchase order for custom B-TRAN devices for multiple electric vehicle applications, advancing commercialization. The company also reported that its first customer-designed B-TRAN solid-state circuit breaker prototype testing is nearing completion, with product launch expected in 2025 and plans to expand its product line. Additionally, a Morgan Stanley report highlighted opportunities in the traditional storage market cycle recovery, with the semiconductor industry benefiting from improved macroeconomic conditions and changes in interest rate expectations.