Polar Power Inc (POLA)
NASDAQ:POLA
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Polar Power
(NASDAQ:POLA)
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Rating:48Neutral
Price Target:
$2.00
▲(19.76% Upside)
Action:Reiterated
Date:06/03/26
POLA scores low primarily due to very weak financial performance (persistent losses, negative cash flow, and a stressed leverage/equity profile). Technicals are moderately supportive in the near term, but mixed corporate events—especially Nasdaq noncompliance and governance/financing concerns—limit confidence, and valuation provides little support given negative earnings and no dividend.
Positive Factors
Sharp margin expansion
A large swing in gross margin indicates meaningful improvement in product economics and pricing or cost structure. Coupled with a 22% reduction in operating expenses and a narrowed net loss, this suggests management is executing cost and margin actions that can sustainably improve operating leverage over the next several quarters.
Negative Factors
Highly stressed balance sheet
Very high leverage relative to equity materially limits financial flexibility, increases refinancing and covenant risk, and raises dilution risk if equity or convertible financing is required. This structural constraint can hamper investment in growth, supplier terms, and bidding for larger contracts over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Sharp margin expansion
A large swing in gross margin indicates meaningful improvement in product economics and pricing or cost structure. Coupled with a 22% reduction in operating expenses and a narrowed net loss, this suggests management is executing cost and margin actions that can sustainably improve operating leverage over the next several quarters.
Read all positive factors
Polar Power (POLA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.86M
Dividend YieldN/A
Average Volume (3M)61.54K
Price to Earnings (P/E)―
Beta (1Y)1.45
Revenue Growth-54.67%
EPS Growth-107.48%
CountryUS
Employees82
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-3.15
Shares Outstanding3,640,159
10 Day Avg. Volume53,213
30 Day Avg. Volume61,540
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)29.46
Price to Sales (P/S)0.67
P/FCF Ratio-4.00
Enterprise Value/Market Cap1.35
Enterprise Value/Revenue1.68
Enterprise Value/Gross Profit-4.53
Enterprise Value/Ebitda-1.56
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Polar Power Business Overview & Revenue Model
Company Description
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 hy...
How the Company Makes Money
Polar Power primarily makes money by selling power equipment—most notably DC generators and integrated DC power systems—along with associated components used to deliver and manage backup/remote power. Revenue is generally generated when customers ...
Polar Power Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.31M | 6.30M | 13.97M | 15.29M | 16.06M | 16.90M |
| Gross Profit | -2.34M | -3.16M | 1.31M | 695.00K | 2.13M | 3.44M |
| EBITDA | -6.77M | -8.35M | -3.86M | -5.60M | -5.02M | -805.00K |
| Net Income | -8.05M | -9.13M | -4.68M | -6.55M | -5.58M | -3.22M |
Balance Sheet | ||||||
| Total Assets | 11.45M | 10.44M | 17.55M | 25.26M | 24.19M | 27.18M |
| Cash, Cash Equivalents and Short-Term Investments | 27.00K | 200.00K | 498.00K | 549.00K | 211.00K | 5.10M |
| Total Debt | 4.88M | 5.56M | 6.92M | 7.54M | 2.42M | 1.50M |
| Total Liabilities | 9.06M | 10.29M | 9.03M | 12.07M | 6.01M | 3.93M |
| Stockholders Equity | 2.39M | 144.00K | 8.51M | 13.19M | 18.18M | 23.25M |
Cash Flow | ||||||
| Free Cash Flow | -2.67M | -1.06M | -555.00K | -3.62M | -6.53M | -9.45M |
| Operating Cash Flow | -2.67M | -1.06M | -536.00K | -3.43M | -6.51M | -9.38M |
| Investing Cash Flow | 0.00 | 0.00 | -19.00K | -194.00K | -25.00K | -71.00K |
| Financing Cash Flow | 2.63M | 763.00K | 504.00K | 3.96M | 1.64M | 12.91M |
Polar Power Technical Analysis
Negative
1.67
Price Trends
1.84
Positive
1.74
Positive
2.30
Negative
Market Momentum
0.07
Negative
47.79
Neutral
53.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For POLA, the sentiment is Negative. The current price of 1.67 is below the 20-day moving average (MA) of 1.91, below the 50-day MA of 1.84, and below the 200-day MA of 2.30, indicating a neutral trend. The MACD of 0.07 indicates Negative momentum. The RSI at 47.79 is Neutral, neither overbought nor oversold. The STOCH value of 53.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for POLA.
Polar Power Risk Analysis
Polar Power disclosed 38 risk factors in its most recent earnings report. Polar Power reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Polar Power Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
52 Neutral | $118.62M | ― | -94.91% | ― | 33.32% | 1.39% | |
48 Neutral | $7.86M | -0.81 | -119.92% | ― | -54.67% | -107.48% | |
44 Neutral | $88.47M | -15.82 | -154.48% | ― | -43.84% | 20.57% | |
43 Neutral | $22.96M | -1.18 | 209.00% | ― | ― | 72.29% | |
41 Neutral | $6.02M | -0.73 | -48.82% | ― | 36.79% | 98.35% |
* Industrials Sector Average
POLA
Polar Power
1.88
0.15
8.67%
OPTT
Ocean Power Technologies
0.29
-0.25
-46.41%
IPWR
Ideal Power
6.03
1.22
25.36%
SDST
Stardust Power
2.04
-4.22
-67.41%
XPON
Expion360, Inc.
0.48
-0.48
-49.90%
RAYA
Erayak Power Solution Group Incorporation Class A
3.73
-4,110.27
-99.91%
Polar Power Corporate Events
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Polar Power Reports Strong Margin Expansion and Restructuring Progress
Positive
Jun 2, 2026
Polar Power reported sharply improved results for the quarter ended March 31, 2026, with gross margin rising to 65.7% from 18.6% a year earlier, aided by a one-time warranty reserve adjustment, while operating expenses fell 22% and net loss narrow...
Executive/Board ChangesPrivate Placements and Financing
Polar Power Restructures Financing and Board Governance
Neutral
May 22, 2026
On May 18, 2026, Polar Power moved to terminate a revolving loan agreement it had entered on May 13, 2026, with Stone Brothers Capital, with the termination to become effective after five business days and no loans having been drawn under the faci...
Executive/Board ChangesPrivate Placements and Financing
Polar Power Announces Resignations of Independent Board Directors
Negative
May 14, 2026
On May 13, 2026, Polar Power entered into a loan agreement with an unnamed lender, securing new financing that is likely aimed at supporting its ongoing operations and liquidity needs within the competitive power solutions sector. On May 14, 2026,...
Delistings and Listing ChangesRegulatory Filings and Compliance
Polar Power Receives Nasdaq Noncompliance Delisting Notice
Negative
May 7, 2026
Polar Power, Inc. is a U.S.-listed company whose common stock trades on the Nasdaq Stock Market under the symbol POLA. The company is subject to Nasdaq’s continued listing standards, including minimum stockholders’ equity requirements,...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.