Polar Power (NASDAQ:POLA) Announces Earnings Results

Polar Power (NASDAQ:POLA) issued its earnings results on Wednesday. The utilities provider reported ($1.63) EPS for the quarter, Zacks reports. Polar Power had a negative net margin of 38.21% and a negative return on equity of 39.10%.

Polar Power Trading Down 3.5%

Shares of POLA stock traded down $0.10 on Wednesday, hitting $2.75. 13,809 shares of the stock were exchanged, compared to its average volume of 242,218. The firm has a market capitalization of $6.91 million, a P/E ratio of -4.51 and a beta of 1.11. The business has a 50-day moving average of $3.60 and a 200 day moving average of $2.51. Polar Power has a fifty-two week low of $1.53 and a fifty-two week high of $5.75.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Polar Power in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

About Polar Power

Polar Power, Inc designs, manufactures, and sells direct current (DC) power generators, renewable energy, and cooling systems in the United States and internationally. The company offers DC base power systems, DC hybrid power systems, DC solar hybrid power systems, and mobile power systems. Its DC power systems are available in diesel, natural gas, LPG/propane, and renewable fuel formats.