Zacks Investment Research Downgrades Polar Power (POLA) to Hold

Polar Power (NASDAQ:POLA) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday.

According to Zacks, “Polar Power Inc. is engaged in designing, manufacturing and selling direct current power, systems and cooling systems for telecommunications, military, hybrid power station, DC marine and rapid charging electric vehicle. Its product portfolio includes DC generators, Marine DC generators, DC alternators, Li-ion batteries and generator accessories. Polar Power Inc. is headquatered in Gardena, California. “

Separately, ValuEngine upgraded shares of Polar Power from a “hold” rating to a “buy” rating in a research report on Wednesday, June 20th.

Shares of POLA opened at $5.38 on Thursday. Polar Power has a one year low of $4.01 and a one year high of $6.85. The company has a market cap of $51.93 million, a price-to-earnings ratio of -67.25 and a beta of -0.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 16.59 and a quick ratio of 12.13.

Polar Power (NASDAQ:POLA) last announced its quarterly earnings data on Thursday, August 9th. The utilities provider reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. Polar Power had a negative net margin of 6.28% and a negative return on equity of 4.84%. The business had revenue of $5.82 million during the quarter, compared to the consensus estimate of $5.50 million. On average, sell-side analysts anticipate that Polar Power will post 0.07 earnings per share for the current fiscal year.

About Polar Power

Polar Power, Inc designs, manufactures, and sells direct current (DC) power systems for applications in the telecommunications, military, electric vehicle charging, cogeneration, distributed power, and uninterruptable power supply markets in the United States and internationally. It offers DC base power systems, DC hybrid power systems, and DC solar hybrid power systems.

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