Polar Power (NASDAQ:POLA) Announces Earnings Results

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

Polar Power Price Performance

POLA stock traded up $0.13 during trading hours on Wednesday, reaching $1.87. The stock had a trading volume of 187,291 shares, compared to its average volume of 1,784,029. The stock has a market capitalization of $6.79 million, a PE ratio of -0.52 and a beta of 1.13. The stock has a 50-day simple moving average of $1.78 and a 200 day simple moving average of $1.97. Polar Power has a fifty-two week low of $1.31 and a fifty-two week high of $5.75.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on POLA shares. Weiss Ratings downgraded shares of Polar Power from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 1st. Wall Street Zen cut shares of Polar Power from a “sell” rating to a “strong sell” rating in a research report on Sunday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus 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.