Zacks: Analysts Set $6.00 Price Target for Polar Power Inc (POLA)

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

Brokers have set a one year consensus price objective of $6.00 for the company and are expecting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also assigned Polar Power an industry rank of 75 out of 257 based on the ratings given to related companies.

A number of research analysts have weighed in on the company. ValuEngine lowered Polar Power from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. Zacks Investment Research raised Polar Power from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th.

Polar Power stock traded up $0.01 during midday trading on Friday, reaching $6.10. The stock had a trading volume of 50 shares, compared to its average volume of 13,237. Polar Power has a 12 month low of $4.01 and a 12 month high of $6.85. The stock has a market capitalization of $60.05 million, a P/E ratio of -76.25 and a beta of -0.97. The company has a debt-to-equity ratio of 0.03, a quick ratio of 12.13 and a current ratio of 16.59.

Polar Power (NASDAQ:POLA) last announced its quarterly earnings data on Thursday, August 9th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.03. Polar Power had a negative return on equity of 4.84% and a negative net margin of 6.28%. The business had revenue of $5.82 million for the quarter, compared to analysts’ expectations of $5.50 million. Equities research analysts forecast that Polar Power will post 0.07 EPS for the current fiscal year.

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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