Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Polar Power (POLA) Stock Price
Media stories about Polar Power (NASDAQ:POLA) have trended somewhat positive on Tuesday, according to Accern Sentiment. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Polar Power earned a news impact score of 0.16 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 46.2395795759294 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of research analysts have commented on the stock. Zacks Investment Research raised shares of Polar Power from a “sell” rating to a “hold” rating in a research report on Saturday, September 9th. Roth Capital set a $7.00 target price on shares of Polar Power and gave the company a “buy” rating in a research report on Wednesday, August 9th.
Polar Power (NASDAQ POLA) traded up 1.80% on Tuesday, reaching $4.53. 25,631 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $4.70 and a 200-day moving average price of $5.28. Polar Power has a 1-year low of $4.35 and a 1-year high of $10.69. The company has a market capitalization of $45.95 million and a PE ratio of 10.92.
Polar Power (NASDAQ:POLA) last issued its quarterly earnings results on Tuesday, August 8th. The utilities provider reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.08). The business had revenue of $2.50 million during the quarter, compared to analysts’ expectations of $5.25 million. The company’s revenue for the quarter was down 46.8% compared to the same quarter last year. On average, equities research analysts anticipate that Polar Power will post $0.13 earnings per share for the current year.
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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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