Polar Power (NASDAQ:POLA) Stock Price Up 0.6% – Should You Buy?

Shares of Polar Power, Inc. (NASDAQ:POLA) shot up 0.6% during mid-day trading on Thursday . The stock traded as high as $1.72 and last traded at $1.65. Approximately 16,280 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 71,049 shares. The stock had previously closed at $1.64.

Analyst Ratings Changes

Several equities analysts have issued reports on POLA shares. Weiss Ratings raised Polar Power from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 1st. Wall Street Zen upgraded shares of Polar Power from a “strong sell” rating to a “hold” rating in a report on Monday, May 25th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Polar Power Stock Performance

The business has a 50 day moving average of $1.83 and a two-hundred day moving average of $1.75. The firm has a market capitalization of $6.01 million, a price-to-earnings ratio of -0.53 and a beta of 1.18.

Polar Power (NASDAQ:POLA) last announced its quarterly earnings data on Wednesday, May 20th. The utilities provider reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.63) by $0.58. The firm had revenue of $1.73 million during the quarter, compared to analysts’ expectations of $3.80 million. Polar Power had a negative return on equity of 259.19% and a negative net margin of 127.53%.

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.