Polar Power (NASDAQ:POLA) Trading 0.6% Higher – Should You Buy?

Polar Power, Inc. (NASDAQ:POLA) shares traded up 0.6% during trading on Thursday . The company traded as high as $1.72 and last traded at $1.65. Approximately 16,280 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 71,049 shares. The stock had previously closed at $1.64.

Wall Street Analyst Weigh In

Several research firms recently weighed in on POLA. Wall Street Zen raised Polar Power from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings upgraded Polar Power from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Polar Power Trading Up 0.6%

The stock has a market cap of $6.01 million, a P/E ratio of -0.53 and a beta of 1.18. The business has a 50-day simple moving average of $1.83 and a 200 day simple moving average of $1.75.

Polar Power (NASDAQ:POLA) last posted its quarterly earnings data on Wednesday, May 20th. The utilities provider reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.63) by $0.58. Polar Power had a negative return on equity of 259.19% and a negative net margin of 127.53%.The company had revenue of $1.73 million for the quarter, compared to analyst estimates of $3.80 million.

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.