Analysts Set $5.00 Price Target for Polar Power Inc (NASDAQ:POLA)

Shares of Polar Power Inc (NASDAQ:POLA) have received a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Brokerages have set a 12 month consensus price target of $5.00 for the company and are predicting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also given Polar Power an industry rank of 179 out of 256 based on the ratings given to related companies.

POLA has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Polar Power from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 4th. TheStreet cut shares of Polar Power from a “c-” rating to a “d” rating in a research report on Tuesday, March 26th. Finally, ValuEngine cut shares of Polar Power from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st.

Shares of POLA traded up $0.12 during mid-day trading on Wednesday, hitting $4.14. The company had a trading volume of 3,529 shares, compared to its average volume of 14,562. The business has a 50-day moving average of $4.10. The company has a current ratio of 6.55, a quick ratio of 3.83 and a debt-to-equity ratio of 0.13. Polar Power has a 1-year low of $3.45 and a 1-year high of $6.65. The company has a market cap of $41.94 million, a PE ratio of -51.69 and a beta of 0.20.

Polar Power (NASDAQ:POLA) last released its earnings results on Wednesday, May 15th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.03. The business had revenue of $7.75 million for the quarter, compared to analysts’ expectations of $6.50 million. Polar Power had a negative net margin of 1.68% and a negative return on equity of 2.01%. Research analysts forecast that Polar Power will post 0.1 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of POLA. Quantum Capital Management raised its stake in shares of Polar Power by 81.3% during the fourth quarter. Quantum Capital Management now owns 20,997 shares of the utilities provider’s stock valued at $101,000 after purchasing an additional 9,413 shares during the period. Kirr Marbach & Co. LLC IN raised its stake in shares of Polar Power by 21.1% during the first quarter. Kirr Marbach & Co. LLC IN now owns 23,000 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 4,000 shares during the period. Finally, Granite Investment Partners LLC purchased a new stake in shares of Polar Power during the first quarter valued at approximately $365,000. Institutional investors own 7.35% of the company’s stock.

About Polar Power

Polar Power, Inc designs, manufactures, and sells direct current (DC) power systems for applications in the telecommunications, military, electric vehicle charging, cogeneration, distributed power, and uninterruptable power supply markets in the United States and internationally. It offers DC base power systems, DC hybrid power systems, and DC solar hybrid power systems.

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