Polar Power (NASDAQ:POLA) Announces Earnings Results

Polar Power (NASDAQ:POLA) posted its earnings results on Wednesday. The utilities provider reported ($0.05) EPS for the quarter, FiscalAI reports. Polar Power had a negative net margin of 144.88% and a negative return on equity of 211.39%. The firm had revenue of $1.73 million for the quarter.

Polar Power Stock Performance

POLA stock opened at $1.87 on Thursday. The firm’s fifty day moving average is $1.78 and its 200 day moving average is $1.95. Polar Power has a one year low of $1.31 and a one year high of $5.75. The firm has a market cap of $6.79 million, a PE ratio of -0.52 and a beta of 1.13.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Wall Street Zen cut shares of Polar Power from a “sell” rating to a “strong sell” rating in a research report on Sunday. Weiss Ratings cut shares of Polar Power from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Polar Power currently has an average rating of “Sell”.

Polar Power Company Profile

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.