Polar Power Inc (POLA) Receives Consensus Recommendation of “Hold” from Brokerages
Polar Power Inc (NASDAQ:POLA) has earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokerages have set a 1-year consensus price target of $6.00 for the company and are anticipating that the company will post $0.02 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Polar Power an industry rank of 102 out of 255 based on the ratings given to its competitors.
Several equities research analysts have recently commented on POLA shares. Zacks Investment Research raised Polar Power from a “sell” rating to a “hold” rating in a research note on Wednesday, July 18th. TheStreet lowered Polar Power from a “c-” rating to a “d” rating in a research note on Monday, June 11th. Finally, ValuEngine lowered Polar Power from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th.
Polar Power (NASDAQ:POLA) last released its earnings results on Thursday, August 9th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The company had revenue of $5.82 million for the quarter, compared to analysts’ expectations of $5.50 million. Polar Power had a negative return on equity of 4.84% and a negative net margin of 6.28%. equities analysts forecast that Polar Power will post 0.07 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. lifted its position in shares of Polar Power Inc (NASDAQ:POLA) by 11.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,175 shares of the utilities provider’s stock after acquiring an additional 11,513 shares during the quarter. Bard Associates Inc. owned 1.09% of Polar Power worth $550,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 6.96% of the company’s stock.
About Polar Power
Polar Power, Inc designs, manufactures, and sells direct current (DC) power systems for applications in the telecommunications, military, electric vehicle charging, cogeneration, distributed power, and uninterruptable power supply markets in the United States and internationally. It offers DC base power systems, DC hybrid power systems, and DC solar hybrid power systems.
Featured Article: Leveraged Buyout (LBO) Explained
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Polar Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polar Power and related companies with MarketBeat.com's FREE daily email newsletter.