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

Polar Power (NASDAQ:POLA) was upgraded by investment analysts at Wall Street Zen from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday.

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 research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Polar Power Price Performance

Shares of NASDAQ POLA opened at $2.06 on Monday. The company’s 50 day simple moving average is $1.80 and its 200 day simple moving average is $1.92. Polar Power has a fifty-two week low of $1.31 and a fifty-two week high of $5.75. The firm has a market capitalization of $7.50 million, a P/E ratio of -0.66 and a beta of 1.13.

Polar Power (NASDAQ:POLA) last announced its quarterly earnings data 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 net margin of 127.53% and a negative return on equity of 259.19%. The business had revenue of $1.73 million for the quarter, compared to analyst estimates of $3.80 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.