Polar Power (NASDAQ:POLA) Coverage Initiated at StockNews.com

by · The Cerbat Gem

StockNews.com initiated coverage on shares of Polar Power (NASDAQ:POLA – Free Report) in a research report released on Wednesday. The firm issued a sell rating on the utilities provider’s stock.

Polar Power Stock Down 2.6 %

Polar Power stock opened at $0.50 on Wednesday. The business has a 50-day simple moving average of $0.44 and a 200 day simple moving average of $0.44. Polar Power has a 52 week low of $0.32 and a 52 week high of $1.05. The stock has a market cap of $6.52 million, a price-to-earnings ratio of -0.95 and a beta of 0.92.

Polar Power (NASDAQ:POLA – Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The utilities provider reported $0.03 earnings per share for the quarter. The firm had revenue of $4.66 million for the quarter. Polar Power had a negative net margin of 55.56% and a negative return on equity of 52.52%.

Polar Power Company Profile

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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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