Research analysts at Roth Capital initiated coverage on shares of POLAR POWER INC (NASDAQ:POLA) in a research note issued to investors on Monday. The firm set a “buy” rating and a $12.00 price target on the stock. Roth Capital’s price target indicates a potential upside of 44.75% from the stock’s current price.
Shares of POLAR POWER INC (NASDAQ:POLA) traded down 0.0290% on Monday, hitting $8.2876. 8,594 shares of the stock were exchanged. The company has a market cap of $61.19 million and a P/E ratio of 24.0220. The firm’s 50-day moving average is $9.02 and its 200-day moving average is $9.02. POLAR POWER INC has a one year low of $7.09 and a one year high of $10.69.
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POLAR POWER INC 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. The Company’s systems provide energy 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).
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