Polar Power (NASDAQ:POLA) Rating Increased to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Polar Power (NASDAQ:POLA) from a strong sell rating to a sell rating in a research note published on Saturday morning.

Separately, Weiss Ratings lowered shares of 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, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Polar Power Price Performance

Shares of POLA opened at $1.89 on Friday. Polar Power has a 1 year low of $1.31 and a 1 year high of $5.75. The company has a 50 day simple moving average of $1.74 and a two-hundred day simple moving average of $2.07. The firm has a market cap of $6.88 million, a P/E ratio of -0.53 and a beta of 1.13.

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

Polar Power Company Profile

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.