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

Polar Power (NASDAQ:POLA) released its quarterly earnings data on Tuesday. The utilities provider reported ($0.49) earnings per share for the quarter, topping the consensus estimate of ($0.63) by $0.14, FiscalAI reports. The business had revenue of $1.02 million during the quarter, compared to analyst estimates of $3.80 million. Polar Power had a negative return on equity of 259.19% and a negative net margin of 127.53%.

Polar Power Price Performance

POLA traded up $0.03 on Tuesday, hitting $1.71. The company had a trading volume of 301,045 shares, compared to its average volume of 1,453,414. The stock has a market cap of $6.59 million, a price-to-earnings ratio of -0.54 and a beta of 1.21. The company’s fifty day moving average price is $1.70 and its 200 day moving average price is $1.72. Polar Power has a 1-year low of $1.31 and a 1-year high of $5.75.

Wall Street Analysts Forecast Growth

POLA has been the subject of several research analyst reports. 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. Wall Street Zen upgraded shares of Polar Power from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Polar Power 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.