Polar Power (POLA) Expected to Post Earnings on Monday

Polar Power (NASDAQ:POLA) is anticipated to release its resultson Monday, November 16th. Analysts expect the company to announce earnings of ($0.63) per share and revenue of $3.80 million for the quarter.

Polar Power (NASDAQ:POLA) last posted its quarterly earnings results on Tuesday, August 18th. The utilities provider reported ($0.49) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.63) by $0.14. The firm had revenue of $1.02 million during the quarter, compared to the consensus estimate of $3.80 million. Polar Power had a negative return on equity of 610.87% and a negative net margin of 207.92%.

Polar Power Price Performance

Shares of NASDAQ:POLA opened at $0.32 on Monday. The firm has a market capitalization of $1.37 million, a PE ratio of -0.09 and a beta of 1.33. The business has a 50-day moving average of $1.04 and a two-hundred day moving average of $1.55. Polar Power has a 12 month low of $0.27 and a 12 month high of $3.74.

Analyst Ratings Changes

Separately, Weiss Ratings raised Polar Power from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, October 30th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.

About Polar Power

Polar Power, Inc designs and manufactures direct-current (DC) power systems for telecommunications, commercial and industrial, and other critical-power applications. Its systems are intended to provide primary, backup, and distributed power where reliable electricity is required, including locations with limited or unreliable access to the utility grid.

The company’s product portfolio includes DC generator systems powered by natural gas, liquefied petroleum gas, diesel, and other fuels, as well as renewable and hybrid power systems that can integrate solar energy, batteries, and generator technology.