Somewhat Favorable News Coverage Somewhat Unlikely to Impact Polar Power (POLA) Share Price
News coverage about Polar Power (NASDAQ:POLA) has trended somewhat positive on Tuesday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Polar Power earned a news impact score of 0.08 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 45.1699268320551 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- FERC expected to meet Rick Perry halfway on coal subsidies (washingtonexaminer.com)
- Natural Gas in US Soars 60-Fold Amid Icy Squeeze in Northeast (rigzone.com)
- Is ‘polar vortex 2.0’ a Hail Mary for coal, nuclear? (eenews.net)
- Reviewing Polar Power (POLA) & Atkore International Group (ATKR) (americanbankingnews.com)
POLA has been the subject of several recent analyst reports. Roth Capital set a $7.00 price target on Polar Power and gave the stock 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 research report on Thursday, November 9th. Finally, Zacks Investment Research raised Polar Power from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th.
Polar Power (NASDAQ POLA) traded up $0.09 on Tuesday, hitting $5.12. The stock had a trading volume of 31,000 shares, compared to its average volume of 19,040. The company has a current ratio of 23.62, a quick ratio of 18.35 and a debt-to-equity ratio of 0.01. The stock has a market cap of $51.93 and a price-to-earnings ratio of 32.00. Polar Power has a 12-month low of $4.12 and a 12-month high of $11.50.
Polar Power (NASDAQ:POLA) last posted its quarterly earnings results on Monday, November 6th. The utilities provider reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.06). The company had revenue of $3.03 million during the quarter, compared to analysts’ expectations of $4.65 million. Polar Power had a return on equity of 6.40% and a net margin of 8.59%. The firm’s revenue was down 59.6% on a year-over-year basis. equities analysts anticipate that Polar Power will post -0.03 EPS for the current fiscal 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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