StockNews.com Initiates Coverage on Polar Power (NASDAQ:POLA)

StockNews.com started coverage on shares of Polar Power (NASDAQ:POLAFree Report) in a research note published on Saturday. The firm issued a sell rating on the utilities provider’s stock.

Polar Power Stock Performance

POLA stock opened at $0.44 on Friday. Polar Power has a fifty-two week low of $0.32 and a fifty-two week high of $0.98. The company has a market capitalization of $7.75 million, a price-to-earnings ratio of -0.94 and a beta of 0.94. The business’s 50 day moving average price is $0.45 and its two-hundred day moving average price is $0.44.

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

About Polar Power

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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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