Polar Power, Inc. designs, manufactures, and sells direct current (DC) power generators, renewable energy, and cooling systems in the United States and internationally. The company offers DC base power systems, DC hybrid power systems, DC solar hybrid power systems, and mobile power systems. Its DC power systems are available in diesel, natural gas, LPG/propane, and renewable fuel formats. The company serves customers in the telecommunications, military, commercial, industrial, and marine markets. It sells its products through a direct sales force, and a network of independent service providers and dealers. The company was formerly known as Polar Products, Inc. and changed its name to Polar Power, Inc. in October 1991. Polar Power, Inc. was incorporated in 1979 and is based in Gardena, California.
Polar Power Price Performance
Shares of Polar Power stock opened at $3.32 on Friday. Polar Power has a one year low of $1.77 and a one year high of $8.18. The business has a 50-day simple moving average of $2.98 and a 200 day simple moving average of $3.01. The company has a quick ratio of 3.83, a current ratio of 6.73 and a debt-to-equity ratio of 0.01.
Polar Power (NASDAQ:POLA - Get Rating) last issued its quarterly earnings data on Monday, May 16th. The utilities provider reported ($0.10) EPS for the quarter. The company had revenue of $3.71 million for the quarter. Polar Power had a negative return on equity of 2.80% and a negative net margin of 3.64%.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on Polar Power in a research report on Sunday, July 31st. They issued a "sell" rating for the company.