Polar Power (POLA) Expected to Announce Earnings on Monday

Polar Power (NASDAQ:POLA – Get Free Report) is anticipated to release its results before the market opens on Monday, August 17th. Analysts expect Polar Power to post earnings of ($0.63) per share and revenue of $3.80 million for the quarter.

Polar Power (NASDAQ:POLA – Get Free Report) last posted its quarterly earnings results on Wednesday, May 20th. The utilities provider reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.63) by $0.58. The firm had revenue of $1.73 million during the quarter, compared to analysts’ expectations of $3.80 million. Polar Power had a negative return on equity of 259.19% and a negative net margin of 127.53%.

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Polar Power Stock Performance

NASDAQ POLA opened at $1.78 on Monday. The stock’s fifty day moving average is $1.72 and its two-hundred day moving average is $1.73. The firm has a market capitalization of $6.85 million, a P/E ratio of -0.57 and a beta of 1.21. Polar Power has a fifty-two week low of $1.31 and a fifty-two week high of $5.75.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on POLA. Wall Street Zen raised shares of Polar Power from a “strong sell” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings upgraded shares of Polar Power from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Polar Power presently has a consensus rating of “Sell”.

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About Polar Power

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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.

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