Polar Power (NASDAQ:POLA) Stock Rating Lowered by Wall Street Zen

Polar Power (NASDAQ:POLA) was downgraded by equities researchers at Wall Street Zen from a “sell” rating to a “strong sell” rating in a report issued on Saturday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Polar Power in a report on Wednesday, December 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Polar Power Stock Performance

Shares of NASDAQ POLA opened at $1.75 on Friday. The company has a market cap of $4.66 million, a P/E ratio of -0.49 and a beta of 1.17. The firm’s fifty day moving average is $1.67 and its two-hundred day moving average is $2.33. Polar Power has a 52-week low of $1.31 and a 52-week high of $5.75.

Polar Power (NASDAQ:POLA) last announced its quarterly earnings results on Wednesday, April 15th. The utilities provider reported ($1.35) earnings per share (EPS) for the quarter. The company had revenue of $0.60 million during the quarter. Polar Power had a negative net margin of 104.14% and a negative return on equity of 135.21%.

About Polar Power

Polar Power, Inc (NASDAQ: POLA) is a California-based designer and manufacturer of direct current (DC) power generation and distribution systems. The company’s primary offerings include solar hybrid power systems, DC gensets and DC power modules engineered to provide reliable, off-grid or grid-tied power solutions. These products are tailored to applications in telecommunications, military, oil and gas, and other industries requiring continuous, low-cost energy delivery in remote or critical-power environments.

Polar Power’s solar hybrid systems combine solar photovoltaic arrays with DC generators and battery storage to create integrated, turnkey power plants.