Polar Power (NASDAQ:POLA) Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS

Polar Power (NASDAQ:POLA) issued its quarterly earnings results on Tuesday. The utilities provider reported ($0.49) EPS for the quarter, beating analysts’ consensus estimates of ($0.63) by $0.14, FiscalAI reports. Polar Power had a negative return on equity of 259.19% and a negative net margin of 127.53%.The firm had revenue of $1.02 million during the quarter, compared to the consensus estimate of $3.80 million.

Polar Power Stock Performance

Shares of Polar Power stock traded up $0.04 during trading on Tuesday, reaching $1.72. The company had a trading volume of 302,295 shares, compared to its average volume of 1,453,430. Polar Power has a fifty-two week low of $1.31 and a fifty-two week high of $5.75. The firm’s fifty day moving average is $1.70 and its 200-day moving average is $1.72. The company has a market cap of $6.62 million, a price-to-earnings ratio of -0.55 and a beta of 1.21.

Analysts Set New Price Targets

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