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

Polar Power (NASDAQ:POLA) posted its quarterly earnings results on Tuesday. The utilities provider reported ($0.49) EPS for the quarter, beating 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 net margin of 127.53% and a negative return on equity of 259.19%.

Polar Power Price Performance

Polar Power stock opened at $1.72 on Wednesday. Polar Power has a fifty-two week low of $1.31 and a fifty-two week high of $5.75. The firm’s 50 day simple moving average is $1.70 and its 200-day simple moving average is $1.72. The company has a market cap of $6.62 million, a P/E ratio of -0.55 and a beta of 1.21.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wall Street Zen raised Polar Power from a “strong sell” rating to a “hold” rating in a research note on Monday, May 25th. Weiss Ratings upgraded shares of Polar Power from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 3rd. 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”.

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.