Polar Power (NASDAQ:POLA) Posts Quarterly Earnings Results

Polar Power (NASDAQ:POLA) announced its earnings results on Wednesday. The utilities provider reported ($1.35) earnings per share for the quarter, FiscalAI reports. The business had revenue of $0.60 million for the quarter. Polar Power had a negative return on equity of 135.21% and a negative net margin of 104.14%.

Polar Power Stock Up 1.1%

Shares of NASDAQ:POLA opened at $1.83 on Wednesday. The business has a fifty day moving average of $1.65 and a two-hundred day moving average of $2.35. The stock has a market cap of $4.87 million, a P/E ratio of -0.82 and a beta of 1.17. Polar Power has a 52-week low of $1.31 and a 52-week high of $5.75.

Analyst Ratings Changes

POLA has been the subject of several research reports. Wall Street Zen upgraded Polar Power to a “sell” rating in a research report on Saturday, April 4th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Polar Power in a research report on Wednesday, December 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Polar Power presently has an average 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.