Polar Power (NASDAQ:POLA – Get Free Report) issued its quarterly earnings data on Tuesday. The utilities provider reported ($0.49) EPS for the quarter, topping analysts’ consensus estimates of ($0.63) by $0.14, FiscalAI reports. The firm had revenue of $1.02 million during the quarter, compared to the consensus estimate of $3.80 million. Polar Power had a negative return on equity of 259.19% and a negative net margin of 127.53%.
Polar Power Price Performance
Shares of POLA traded up $0.03 during midday trading on Tuesday, reaching $1.71. The stock had a trading volume of 301,045 shares, compared to its average volume of 1,453,414. The company has a market capitalization of $6.59 million, a P/E ratio of -0.54 and a beta of 1.21. The firm’s 50 day moving average price is $1.70 and its 200-day moving average price is $1.72. Polar Power has a 52 week low of $1.31 and a 52 week high of $5.75.
Analyst Upgrades and Downgrades
POLA has been the topic of several recent analyst reports. Wall Street Zen raised Polar Power from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Weiss Ratings raised Polar Power from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.
About Polar Power
Polar Power, Inc (NASDAQ: POLA) is a California-based designer and manufacturer of direct current (DC) power generation and distribution systems. The company’s primary offerings include solar hybrid power systems, DC gensets and DC power modules engineered to provide reliable, off-grid or grid-tied power solutions. These products are tailored to applications in telecommunications, military, oil and gas, and other industries requiring continuous, low-cost energy delivery in remote or critical-power environments.
Polar Power’s solar hybrid systems combine solar photovoltaic arrays with DC generators and battery storage to create integrated, turnkey power plants.
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