Polar Power (NASDAQ:POLA) Posts Quarterly Earnings Results, Beats Estimates By $0.58 EPS

Polar Power (NASDAQ:POLA) posted its quarterly earnings data on Wednesday. The utilities provider reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.63) by $0.58, FiscalAI reports. Polar Power had a negative return on equity of 240.73% and a negative net margin of 127.53%.The firm had revenue of $1.73 million for the quarter, compared to the consensus estimate of $3.80 million.

Polar Power Trading Up 9.9%

NASDAQ:POLA opened at $2.05 on Friday. Polar Power has a 12-month low of $1.31 and a 12-month high of $5.75. The stock has a 50-day moving average price of $1.79 and a 200 day moving average price of $1.94. The stock has a market capitalization of $7.46 million, a P/E ratio of -0.65 and a beta of 1.13.

Wall Street Analyst Weigh In

Several research firms have recently commented on POLA. Weiss Ratings downgraded Polar Power from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 1st. Wall Street Zen cut Polar Power from a “sell” rating to a “strong sell” rating in a research report on Sunday, May 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Polar Power currently has an average rating of “Sell”.

About Polar Power

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.