Polar Power Inc (NASDAQ:POLA) has received a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Brokers have set a 1-year consensus target price of $5.00 for the company and are anticipating that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also given Polar Power an industry rank of 221 out of 265 based on the ratings given to related companies.

A number of equities research analysts have commented on POLA shares. Roth Capital set a $7.00 target price on shares of Polar Power and gave the stock a “buy” rating in a research note on Sunday, October 15th. Zacks Investment Research upgraded shares of Polar Power from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, ValuEngine cut shares of Polar Power from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th.

Polar Power (NASDAQ:POLA) traded up $0.07 during midday trading on Friday, reaching $4.36. 26,901 shares of the company’s stock were exchanged, compared to its average volume of 25,680. Polar Power has a 12 month low of $4.12 and a 12 month high of $11.50. The company has a market cap of $44.74 and a PE ratio of 27.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 18.35 and a current ratio of 23.62.

Polar Power (NASDAQ:POLA) last released its earnings results on Monday, November 6th. The utilities provider reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). Polar Power had a return on equity of 6.40% and a net margin of 8.59%. The firm had revenue of $3.03 million for the quarter, compared to the consensus estimate of $4.65 million. The business’s revenue for the quarter was down 59.6% on a year-over-year basis. sell-side analysts predict that Polar Power will post -0.03 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Ingalls & Snyder LLC raised its position in shares of Polar Power by 69.2% during the third quarter. Ingalls & Snyder LLC now owns 51,617 shares of the utilities provider’s stock valued at $247,000 after buying an additional 21,117 shares during the last quarter. Perritt Capital Management Inc. raised its position in shares of Polar Power by 21.1% during the fourth quarter. Perritt Capital Management Inc. now owns 172,300 shares of the utilities provider’s stock valued at $863,000 after buying an additional 30,000 shares during the last quarter. Foundry Partners LLC raised its position in shares of Polar Power by 9.5% during the third quarter. Foundry Partners LLC now owns 193,390 shares of the utilities provider’s stock valued at $926,000 after buying an additional 16,715 shares during the last quarter. Malaga Cove Capital LLC bought a new stake in shares of Polar Power during the third quarter valued at approximately $238,000. Finally, Vanguard Group Inc. raised its position in shares of Polar Power by 125.5% during the second quarter. Vanguard Group Inc. now owns 72,306 shares of the utilities provider’s stock valued at $384,000 after buying an additional 40,237 shares during the last quarter. Hedge funds and other institutional investors own 7.32% of the company’s stock.

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About Polar Power

Polar Power, Inc is engaged in designing, manufacturing and selling direct current (DC) power systems for applications primarily in the telecommunications, military, electric vehicle charging, cogeneration, distributed power and uninterruptable power supply markets. Within the telecommunications market, the Company’s DC power systems provide DC power to service applications that do not have access to the utility grid (such as off-grid applications) or have critical power needs and cannot be without power in the event of utility grid failure (such as back-up power applications).

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