Polar Power (NASDAQ:POLA) Posts Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Polar Power (NASDAQ:POLA) posted its quarterly earnings data on Tuesday. The utilities provider reported ($0.49) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.63) by $0.14, FiscalAI reports. The business had revenue of $1.02 million for the quarter, compared to analysts’ expectations of $3.80 million. Polar Power had a negative return on equity of 530.42% and a negative net margin of 207.92%.

Polar Power Price Performance

NASDAQ POLA opened at $1.59 on Thursday. The firm has a market capitalization of $6.12 million, a P/E ratio of -0.45 and a beta of 1.21. Polar Power has a 1-year low of $1.31 and a 1-year high of $5.75. The business’s 50-day simple moving average is $1.69 and its 200-day simple moving average is $1.72.

Analysts Set New Price Targets

Several equities analysts recently weighed in on POLA shares. Weiss Ratings downgraded Polar Power from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday. Wall Street Zen upgraded Polar Power from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About Polar Power

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.