Polar Power (NASDAQ:POLA) Lowered to Strong Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Polar Power (NASDAQ:POLA) from a sell rating to a strong sell rating in a report published on Sunday.

Separately, Weiss Ratings cut Polar Power from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat, Polar Power presently has a consensus rating of “Sell”.

Polar Power Stock Performance

Polar Power stock opened at $1.63 on Friday. Polar Power has a 52 week low of $1.31 and a 52 week high of $5.75. The stock has a market capitalization of $5.93 million, a P/E ratio of -0.45 and a beta of 1.13. The stock has a fifty day moving average of $1.77 and a 200-day moving average of $2.00.

Polar Power (NASDAQ:POLA) last posted its quarterly earnings results on Wednesday, April 15th. The utilities provider reported ($1.35) EPS for the quarter, missing analysts’ consensus estimates of ($0.42) by ($0.93). Polar Power had a negative return on equity of 211.39% and a negative net margin of 144.88%.The business had revenue of $0.60 million for the quarter, compared to analyst estimates of $5.00 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.