Shares of Polar Power Inc (NASDAQ:POLA) have received a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Analysts have set a 12-month consensus price target of $5.00 for the company and are expecting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also assigned Polar Power an industry rank of 163 out of 256 based on the ratings given to related companies.
Several equities research analysts have recently issued reports on POLA shares. ValuEngine lowered shares of Polar Power from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. TheStreet lowered shares of Polar Power from a “c-” rating to a “d” rating in a research note on Tuesday, March 26th. Finally, Zacks Investment Research lowered shares of Polar Power from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 4th.
Institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley grew its stake in Polar Power by 13,627.3% in the 1st quarter. Morgan Stanley now owns 6,040 shares of the utilities provider’s stock valued at $27,000 after buying an additional 5,996 shares in the last quarter. Quantum Capital Management grew its stake in Polar Power by 81.3% in the 4th quarter. Quantum Capital Management now owns 20,997 shares of the utilities provider’s stock valued at $101,000 after buying an additional 9,413 shares in the last quarter. Kirr Marbach & Co. LLC IN grew its stake in Polar Power by 21.1% in the 1st quarter. Kirr Marbach & Co. LLC IN now owns 23,000 shares of the utilities provider’s stock valued at $104,000 after buying an additional 4,000 shares in the last quarter. Granite Investment Partners LLC purchased a new position in Polar Power in the 1st quarter valued at approximately $365,000. Finally, Essex Investment Management Co. LLC purchased a new position in Polar Power in the 4th quarter valued at approximately $1,221,000. Institutional investors and hedge funds own 7.35% of the company’s stock.
Shares of POLA stock opened at $3.96 on Tuesday. The company has a current ratio of 6.55, a quick ratio of 3.83 and a debt-to-equity ratio of 0.13. Polar Power has a 12-month low of $3.95 and a 12-month high of $6.80.
Polar Power (NASDAQ:POLA) last issued its quarterly earnings results on Wednesday, May 15th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.03. Polar Power had a negative net margin of 1.68% and a negative return on equity of 2.01%. The company had revenue of $7.75 million during the quarter, compared to analyst estimates of $6.50 million. As a group, equities research analysts forecast that Polar Power will post 0.1 EPS for the current 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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