Shares of Polar Power, Inc. (NASDAQ:POLA) have been given an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating. Polar Power’s rating score has declined by 200% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Brokerages have set a 1-year consensus target price of $5.00 for the company and are expecting that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also given Polar Power an industry rank of 197 out of 265 based on the ratings given to its competitors.

POLA has been the subject of several recent research reports. Zacks Investment Research upgraded Polar Power from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Roth Capital set a $7.00 price objective on Polar Power and gave the company a “buy” rating in a research report on Sunday, October 15th. Finally, ValuEngine cut Polar Power from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th.

Several institutional investors and hedge funds have recently bought and sold shares of POLA. Foundry Partners LLC increased its stake in shares of Polar Power by 51.6% during the second quarter. Foundry Partners LLC now owns 176,675 shares of the utilities provider’s stock valued at $938,000 after buying an additional 60,124 shares during the period. Malaga Cove Capital LLC purchased a new position in shares of Polar Power during the third quarter valued at approximately $238,000. Vanguard Group Inc. increased its stake in shares of Polar Power by 125.5% during the second quarter. Vanguard Group Inc. now owns 72,306 shares of the utilities provider’s stock valued at $384,000 after buying an additional 40,237 shares during the period. Ingalls & Snyder LLC purchased a new position in shares of Polar Power during the second quarter valued at approximately $162,000. Finally, Heartland Advisors Inc. increased its stake in shares of Polar Power by 16.7% during the second quarter. Heartland Advisors Inc. now owns 175,000 shares of the utilities provider’s stock valued at $929,000 after buying an additional 25,000 shares during the period. 7.41% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Polar Power (POLA) traded up $0.17 during mid-day trading on Thursday, reaching $5.21. The company’s stock had a trading volume of 24,900 shares, compared to its average volume of 85,048. 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 has a 12-month low of $4.12 and a 12-month high of $11.50.

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

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About Polar Power

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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