Polar Power (NASDAQ:POLA – Get Free Report) is anticipated to announce its results on Monday, November 16th. Analysts expect Polar Power to post earnings of ($0.63) per share and revenue of $3.80 million for the quarter.
Polar Power (NASDAQ:POLA – Get Free Report) last issued its earnings results on Tuesday, August 18th. The utilities provider reported ($0.49) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.63) by $0.14. Polar Power had a negative return on equity of 610.87% and a negative net margin of 207.92%. The business had revenue of $1.02 million during the quarter, compared to the consensus estimate of $3.80 million.
Polar Power Stock Down 4.3%
POLA traded down $0.01 during trading on Friday, hitting $0.27. The company’s stock had a trading volume of 29,899,632 shares, compared to its average volume of 1,077,645. The firm has a market capitalization of $1.17 million, a P/E ratio of -0.08 and a beta of 1.32. Polar Power has a twelve month low of $0.26 and a twelve month high of $3.74. The stock’s fifty day moving average price is $0.93 and its 200-day moving average price is $1.51.
Analyst Ratings Changes
Separately, Weiss Ratings upgraded Polar Power from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 30th. One analyst has rated the stock with a Sell rating. According to MarketBeat, Polar Power currently has an average rating of “Sell”.
Check Out Our Latest Stock Analysis on POLA
About Polar Power
Polar Power, Inc. designs and manufactures direct-current (DC) power systems for telecommunications, commercial and industrial, and other critical-power applications. Its systems are intended to provide primary, backup, and distributed power where reliable electricity is required, including locations with limited or unreliable access to the utility grid. The company’s product portfolio includes DC generator systems powered by natural gas, liquefied petroleum gas, diesel, and other fuels, as well as renewable and hybrid power systems that can integrate solar energy, batteries, and generator technology.
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