Polar Power (POLA) Lifted to Buy at ValuEngine

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Polar Power (NASDAQ:POLA) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Wednesday, June 20th.

Several other brokerages have also issued reports on POLA. TheStreet lowered shares of Polar Power from a “c-” rating to a “d” rating in a report on Monday, June 11th. Zacks Investment Research downgraded shares of Polar Power from a “hold” rating to a “sell” rating in a research report on Friday, May 18th.

Shares of POLA stock opened at $6.11 on Wednesday. The firm has a market capitalization of $62.99 million, a price-to-earnings ratio of -76.38 and a beta of -0.87. Polar Power has a one year low of $4.01 and a one year high of $6.85.

Polar Power (NASDAQ:POLA) last issued its quarterly earnings data on Monday, May 14th. The utilities provider reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.02). Polar Power had a negative return on equity of 7.27% and a negative net margin of 11.79%. The business had revenue of $4.87 million during the quarter, compared to analyst estimates of $4.50 million. equities research analysts expect that Polar Power will post 0.05 EPS for the current year.

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. raised its holdings in shares of Polar Power Inc (NASDAQ:POLA) by 11.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,175 shares of the utilities provider’s stock after purchasing an additional 11,513 shares during the quarter. Bard Associates Inc. owned 1.09% of Polar Power worth $550,000 as of its most recent SEC filing. 6.94% of the stock is currently owned by hedge funds and other institutional investors.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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