Polar Power (POLA) Earning Somewhat Positive Media Coverage, Study Finds

Media coverage about Polar Power (NASDAQ:POLA) has trended somewhat positive recently, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Polar Power earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned media stories about the utilities provider an impact score of 45.4197649712843 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the media stories that may have effected Accern’s scoring:

A number of equities analysts have recently weighed in on the company. ValuEngine lowered Polar Power from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Roth Capital downgraded Polar Power from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $7.00 to $5.00 in a report on Tuesday, November 7th. Finally, Zacks Investment Research downgraded Polar Power from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th.

Shares of Polar Power (NASDAQ POLA) traded down $0.06 during trading on Thursday, reaching $4.96. The company had a trading volume of 24,900 shares, compared to its average volume of 18,800. Polar Power has a 1-year low of $4.12 and a 1-year high of $11.50. The company has a quick ratio of 18.35, a current ratio of 23.62 and a debt-to-equity ratio of 0.01.

Polar Power (NASDAQ:POLA) last announced its quarterly earnings results on Monday, November 6th. The utilities provider reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.06). Polar Power had a return on equity of 6.40% and a net margin of 8.59%. The company had revenue of $3.03 million for the quarter, compared to the consensus estimate of $4.65 million. The company’s quarterly revenue was down 59.6% compared to the same quarter last year. equities analysts anticipate that Polar Power will post -0.03 EPS for the current year.

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Polar Power Company Profile

Polar Power, Inc is engaged in designing, manufacturing and selling direct current (DC) power systems for applications primarily in the telecommunications, military, electric vehicle charging, cogeneration, distributed power and uninterruptable power supply markets. Within the telecommunications market, the Company’s DC power systems provide DC power to service applications that do not have access to the utility grid (such as off-grid applications) or have critical power needs and cannot be without power in the event of utility grid failure (such as back-up power applications).

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