Zacks: Polar Power Inc (POLA) Receives Average Rating of “Hold” from Brokerages
Polar Power Inc (NASDAQ:POLA) has been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Analysts have set a 12 month consensus target price of $6.00 for the company and are anticipating that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Polar Power an industry rank of 85 out of 257 based on the ratings given to related companies.
Several equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Polar Power from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a research report on Wednesday, August 15th. ValuEngine cut shares of Polar Power from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. Finally, TheStreet upgraded shares of Polar Power from a “d” rating to a “c” rating in a report on Wednesday, November 14th.
Polar Power (NASDAQ:POLA) last announced its earnings results on Tuesday, November 13th. The utilities provider reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.09). Polar Power had a negative net margin of 7.39% and a negative return on equity of 6.43%. The company had revenue of $5.06 million for the quarter, compared to analysts’ expectations of $7.00 million. As a group, sell-side analysts expect that Polar Power will post -0.03 EPS for the current fiscal year.
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.
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