Polar Power, Inc. (POLA) Receives Average Rating of “Hold” from Analysts
Shares of Polar Power, Inc. (NASDAQ:POLA) have been given a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation. Polar Power’s rating score has declined by 200% in the last 90 days as a result of a number of analysts’ ratings changes.
Analysts have set a 12-month consensus price objective of $5.00 for the company and are predicting that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also given Polar Power an industry rank of 195 out of 265 based on the ratings given to its competitors.
Several equities analysts recently issued reports on the company. Roth Capital set a $7.00 price target on Polar Power and gave the company a “buy” rating in a research report on Sunday, October 15th. ValuEngine lowered Polar Power from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Finally, Zacks Investment Research lowered Polar Power from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th.
A number of hedge funds have recently bought and sold shares of the stock. Foundry Partners LLC raised its holdings in Polar Power by 9.5% in the 3rd quarter. Foundry Partners LLC now owns 193,390 shares of the utilities provider’s stock valued at $926,000 after acquiring an additional 16,715 shares during the last quarter. Heartland Advisors Inc. increased its holdings in Polar Power by 16.7% in the 2nd quarter. Heartland Advisors Inc. now owns 175,000 shares of the utilities provider’s stock valued at $929,000 after purchasing an additional 25,000 shares in the last quarter. Rice Hall James & Associates LLC increased its holdings in Polar Power by 1.0% in the 2nd quarter. Rice Hall James & Associates LLC now owns 75,871 shares of the utilities provider’s stock valued at $403,000 after purchasing an additional 787 shares in the last quarter. Vanguard Group Inc. boosted its position in Polar Power by 125.5% in the 2nd 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. Finally, Ingalls & Snyder LLC boosted its position in Polar Power by 69.2% in the 3rd 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. 7.34% of the stock is currently owned by hedge funds and other institutional investors.
Polar Power (POLA) traded up $0.19 on Friday, hitting $5.24. The stock had a trading volume of 41,900 shares, compared to its average volume of 87,800. Polar Power has a 1-year low of $4.12 and a 1-year high of $11.50. The company has a quick ratio of 18.35, a current ratio of 23.62 and a debt-to-equity ratio of 0.01.
Polar Power (NASDAQ:POLA) last announced its quarterly earnings results on Monday, November 6th. The utilities provider reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.06). Polar Power had a return on equity of 6.40% and a net margin of 8.59%. The business had revenue of $3.03 million for the quarter, compared to analysts’ expectations of $4.65 million. The firm’s revenue for the quarter was down 59.6% on a year-over-year basis. equities research analysts predict that Polar Power will post -0.03 earnings per share for the current fiscal year.
Polar Power Company Profile
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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