Analysts Expect Polar Power Inc (NASDAQ:POLA) to Announce $0.00 Earnings Per Share

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Polar Power Inc (NASDAQ:POLA) has earned an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Brokers have set a one year consensus price objective of $5.00 for the company, according to Zacks. Zacks has also assigned Polar Power an industry rank of 94 out of 255 based on the ratings given to related companies.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Polar Power from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. TheStreet cut shares of Polar Power from a “c-” rating to a “d+” rating in a research report on Friday, September 6th.

Shares of POLA stock traded up $0.05 on Monday, hitting $2.38. 7,300 shares of the stock traded hands, compared to its average volume of 18,935. The firm’s 50-day moving average price is $2.83 and its two-hundred day moving average price is $3.70. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.43 and a current ratio of 8.23. The stock has a market capitalization of $22.32 million, a PE ratio of -29.75 and a beta of 0.34. Polar Power has a twelve month low of $2.05 and a twelve month high of $6.20.

An institutional investor recently raised its position in Polar Power stock. Morgan Stanley increased its position in shares of Polar Power Inc (NASDAQ:POLA) by 98.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,016 shares of the utilities provider’s stock after acquiring an additional 5,976 shares during the quarter. Morgan Stanley owned approximately 0.12% of Polar Power worth $50,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 4.98% of the company’s stock.

Polar Power Company Profile

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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