Polar Power Inc (POLA) Given $5.00 Average Price Target by Brokerages

Shares of Polar Power Inc (NASDAQ:POLA) have earned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Analysts have set a one year consensus price target of $5.00 for the company and are predicting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also given Polar Power an industry rank of 224 out of 265 based on the ratings given to its competitors.

Several research firms recently commented on POLA. Zacks Investment Research cut Polar Power from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Roth Capital cut Polar Power from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $7.00 to $5.00 in a research note on Tuesday, November 7th. Finally, ValuEngine cut Polar Power from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th.

A number of hedge funds and other institutional investors have recently made changes to their positions in POLA. Malaga Cove Capital LLC purchased a new stake in Polar Power during the 3rd quarter worth about $238,000. Vanguard Group Inc. lifted its holdings in Polar Power by 125.5% during the 2nd quarter. Vanguard Group Inc. now owns 72,306 shares of the utilities provider’s stock worth $384,000 after buying an additional 40,237 shares during the last quarter. Perritt Capital Management Inc. lifted its holdings in Polar Power by 21.1% during the 4th quarter. Perritt Capital Management Inc. now owns 172,300 shares of the utilities provider’s stock worth $863,000 after buying an additional 30,000 shares during the last quarter. Ingalls & Snyder LLC lifted its holdings in shares of Polar Power by 69.2% in the 3rd quarter. Ingalls & Snyder LLC now owns 51,617 shares of the utilities provider’s stock valued at $247,000 after purchasing an additional 21,117 shares during the last quarter. Finally, Foundry Partners LLC lifted its holdings in shares of Polar Power by 9.5% in the 3rd quarter. Foundry Partners LLC now owns 193,390 shares of the utilities provider’s stock valued at $926,000 after purchasing an additional 16,715 shares during the last quarter. 7.55% of the stock is owned by institutional investors.

Polar Power (NASDAQ:POLA) traded up $0.11 on Friday, reaching $4.26. The company had a trading volume of 5,074 shares, compared to its average volume of 18,383. Polar Power has a 1 year low of $4.12 and a 1 year high of $11.50. The company has a quick ratio of 18.35, a current ratio of 23.62 and a debt-to-equity ratio of 0.01.

Polar Power (NASDAQ:POLA) last released its earnings results on Monday, November 6th. The utilities provider reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.06). Polar Power had a return on equity of 6.40% and a net margin of 8.59%. The company had revenue of $3.03 million for the quarter, compared to analyst estimates of $4.65 million. Polar Power’s revenue for the quarter was down 59.6% on a year-over-year basis. research analysts forecast that Polar Power will post -0.03 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://www.dispatchtribunal.com/2018/02/06/polar-power-inc-pola-given-5-00-average-price-target-by-brokerages.html.

About Polar Power

Polar Power, Inc is engaged in designing, manufacturing and selling direct current (DC) power systems for applications primarily in the telecommunications, military, electric vehicle charging, cogeneration, distributed power and uninterruptable power supply markets. Within the telecommunications market, the Company’s DC power systems provide DC power to service applications that do not have access to the utility grid (such as off-grid applications) or have critical power needs and cannot be without power in the event of utility grid failure (such as back-up power applications).

Get a free copy of the Zacks research report on Polar Power (POLA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Polar Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polar Power and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply