StockNews.com initiated coverage on shares of Polar Power (NASDAQ:POLA – Free Report) in a research note released on Wednesday morning. The brokerage issued a sell rating on the utilities provider’s stock.
Polar Power Stock Up 4.9 %
Shares of POLA stock opened at $0.40 on Wednesday. Polar Power has a 12-month low of $0.32 and a 12-month high of $1.58. The firm has a fifty day moving average of $0.41 and a 200-day moving average of $0.42. The company has a market capitalization of $5.18 million, a price-to-earnings ratio of -0.75 and a beta of 0.95.
Polar Power (NASDAQ:POLA – Get Free Report) last released its earnings results on Wednesday, May 15th. The utilities provider reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $1.78 million for the quarter. Polar Power had a negative return on equity of 54.46% and a negative net margin of 58.84%.
Institutional Investors Weigh In On Polar Power
About Polar Power
Polar Power, Inc designs, manufactures, and sells direct current (DC) power generators, renewable energy, and cooling systems in the United States and internationally. The company offers DC base power systems, DC hybrid power systems, DC solar hybrid power systems, and mobile power systems. Its DC power systems are available in diesel, natural gas, LPG/propane, and renewable fuel formats.
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