Polar Power (POLA) Earning Somewhat Positive News Coverage, Analysis Finds

News articles about Polar Power (NASDAQ:POLA) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Polar Power earned a news sentiment score of 0.04 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 45.9726454026256 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Polar Power (NASDAQ POLA) traded down $0.14 during trading hours on Tuesday, reaching $4.84. 28,700 shares of the company’s stock were exchanged, compared to its average volume of 85,571. The company has a debt-to-equity ratio of 0.01, a quick ratio of 18.35 and a current ratio of 23.62. Polar Power has a 52 week low of $4.12 and a 52 week high of $11.50.

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

A number of research firms have recently weighed in on POLA. Roth Capital cut shares of Polar Power from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $7.00 to $5.00 in a research note on Tuesday, November 7th. Zacks Investment Research raised shares of Polar Power from a “sell” rating to a “hold” rating in a research note on Saturday, September 9th. Finally, ValuEngine cut shares of Polar Power from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th.

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Polar Power Company Profile

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).

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