Polar Power (POLA) Posts Earnings Results, Beats Expectations By $0.03 EPS

Polar Power (NASDAQ:POLA) issued its quarterly earnings data on Wednesday. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03, MarketWatch Earnings reports. The business had revenue of $7.75 million during the quarter, compared to analyst estimates of $6.50 million. Polar Power had a negative net margin of 1.68% and a negative return on equity of 2.01%.

Shares of NASDAQ POLA opened at $4.35 on Friday. The company has a market capitalization of $44.12 million, a P/E ratio of -54.38 and a beta of 0.12. Polar Power has a 1 year low of $4.10 and a 1 year high of $6.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 11.90 and a quick ratio of 7.52.

A number of research analysts recently issued reports on POLA shares. TheStreet lowered shares of Polar Power from a “c-” rating to a “d” rating in a report on Tuesday, March 26th. ValuEngine lowered shares of Polar Power from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Zacks Investment Research lowered shares of Polar Power from a “hold” rating to a “strong sell” rating in a report on Saturday, May 4th.



Hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley raised its holdings in Polar Power by 13,627.3% in the 1st quarter. Morgan Stanley now owns 6,040 shares of the utilities provider’s stock valued at $27,000 after buying an additional 5,996 shares during the last quarter. Quantum Capital Management raised its holdings in Polar Power by 81.3% in the 4th quarter. Quantum Capital Management now owns 20,997 shares of the utilities provider’s stock valued at $101,000 after buying an additional 9,413 shares during the last quarter. Kirr Marbach & Co. LLC IN raised its holdings in Polar Power by 21.1% in the 1st quarter. Kirr Marbach & Co. LLC IN now owns 23,000 shares of the utilities provider’s stock valued at $104,000 after buying an additional 4,000 shares during the last quarter. Granite Investment Partners LLC bought a new position in Polar Power in the 1st quarter valued at approximately $365,000. Finally, Essex Investment Management Co. LLC bought a new position in Polar Power in the 4th quarter valued at approximately $1,221,000. Institutional investors and hedge funds own 7.00% of the company’s stock.

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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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Earnings History for Polar Power (NASDAQ:POLA)

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