Polar Power (POLA) Projected to Release Earnings on Monday

Polar Power (NASDAQ:POLA) is anticipated to issue its results before the market opens on Monday, August 17th. 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 announced its quarterly earnings results on Wednesday, May 20th. The utilities provider reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.63) by $0.58. Polar Power had a negative return on equity of 259.19% and a negative net margin of 127.53%.The company had revenue of $1.73 million during the quarter, compared to analysts’ expectations of $3.80 million.

Polar Power Stock Performance

Shares of NASDAQ:POLA opened at $1.78 on Monday. The company has a market capitalization of $6.85 million, a PE ratio of -0.57 and a beta of 1.21. The business has a 50 day moving average of $1.72 and a two-hundred day moving average of $1.73. Polar Power has a 12-month low of $1.31 and a 12-month high of $5.75.

Analyst Ratings Changes

POLA has been the topic of a number of analyst reports. Weiss Ratings upgraded Polar Power from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 3rd. Wall Street Zen raised Polar Power from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

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.