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Polar Power Inc

Polar Power Inc (POLA)

0.4599
0.0156
( 3.51% )
Updated: 13:51:42

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Key stats and details

Current Price
0.4599
Bid
0.45
Ask
0.4599
Volume
22,103
0.431 Day's Range 0.4637
0.32 52 Week Range 1.58
Market Cap
Previous Close
0.4443
Open
0.431
Last Trade
3
@
0.45495
Last Trade Time
13:54:36
Financial Volume
$ 10,017
VWAP
0.453217
Average Volume (3m)
92,229
Shares Outstanding
17,561,612
Dividend Yield
-
PE Ratio
-1.21
Earnings Per Share (EPS)
-0.37
Revenue
15.29M
Net Profit
-6.55M

About Polar Power Inc

Polar Power Inc is engaged in designing, manufacturing, and selling direct current power systems for applications in the telecommunications market, military, electric vehicle charging, cogeneration, distributed power, and uninterrupted power supply. The company's products include DC generators, Back... Polar Power Inc is engaged in designing, manufacturing, and selling direct current power systems for applications in the telecommunications market, military, electric vehicle charging, cogeneration, distributed power, and uninterrupted power supply. The company's products include DC generators, Back-up DC generators, hybrid power systems, Li-Ion battery systems, and Marine DC generators. Show more

Sector
Pwr,distr,specl Transformers
Industry
Pwr,distr,specl Transformers
Headquarters
Dover, Delaware, USA
Founded
1970
Polar Power Inc is listed in the Pwr,distr,specl Transformers sector of the NASDAQ with ticker POLA. The last closing price for Polar Power was $0.44. Over the last year, Polar Power shares have traded in a share price range of $ 0.32 to $ 1.58.

Polar Power currently has 17,561,612 shares outstanding. The market capitalization of Polar Power is $7.80 million. Polar Power has a price to earnings ratio (PE ratio) of -1.21.

POLA Latest News

Polar Power Announces Preliminary Second Quarter 2024 Corporate and Financial Update

Anticipated sales in range of $4.5-$5.0 million, backlog of approximately $5.5 million as of June 30, 2024 Balance Sheet will reflect approximately $3 million received in tax refunds and ERC...

Polar Power Reports First Quarter 2024 Financial Results

GARDENA, CA, May 15, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid DC power solutions, reports...

Polar Power Reports Full Year and Fourth Quarter 2023 Financial Results

GARDENA, CA, April 01, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid DC power solutions...

Polar Power Announces $5.1 Million in New Bookings to Date in Q1 2024

Additional $2.5 Million in New Bookings includes International Military and Telecom Customers Choosing Polar Power’s Unique Power Technology Platforms GARDENA, CA, March 12, 2024 (GLOBE...

Polar Power to Participate in 36th Annual Roth Conference March 17-19, 2024

GARDENA, CA, March 07, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid power solutions, announces...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.0291-5.95092024540.4890.55510.431543970.49031025CS
40.059914.9750.40.70.37391402690.5431771CS
120.091924.9728260870.3680.70.3509922290.49258412CS
260.078920.70866141730.3810.70.32956430.45597246CS
52-0.8901-65.93333333331.351.580.32951220.58772639CS
156-7.1301-93.94071146257.598.180.322233493.58926721CS
260-4.1401-90.0021739134.630.820.327256575.96969375CS

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POLA Discussion

View Posts
$oldier Hard $oldier Hard 2 months ago
No clue my friend. I'm watching this again though and may start to buy back in.
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wadirum1 wadirum1 3 months ago
Any thoughts on why that buyer filed a 13G/A for his tiny (0.2%) position in POLA? Why would someone do that?

I used to think the CEO of POLA would sell/merge the company. It never got up to scale -- even though it has a technological edge as far as I can tell. So, I figured a larger company would buy them up -- a company in the military or EV sector. As the CEO gets older, I guess that will eventually make sense, but I'm glad I only have a small position.

Considering buying some more, but what a downward slide...
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$oldier Hard $oldier Hard 3 months ago
$POLA has an up gap that could fill up to about .73 with nothing in the way.
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Monksdream Monksdream 6 months ago
POLA new 52 week low
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Monksdream Monksdream 7 months ago
POLA new 52 week low
🍆 1 👎️ 1 🤡 1 🩳 1
Monksdream Monksdream 7 months ago
POLA new 52 week low
👎️ 1 🤡 1 🩳 1
wadirum1 wadirum1 7 months ago
Look at the 5-year chart on this thing. How did it ever get up to $26? Sams is probably kicking himself that he didn't sell the company. Such good products, but never really reached critical mass.
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Monksdream Monksdream 8 months ago
POLA new 52 week low
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Monksdream Monksdream 9 months ago
POLA new 52 week low
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wadirum1 wadirum1 1 year ago
POLA ended up trading 5X its float.

Who is doing this and what is their goal for where this stock will end up?
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wadirum1 wadirum1 1 year ago
Not even noon and POLA has traded well over 2X its entire O/S and nearly 4X its float.

The last time it started doing this crazy high-volume trading, the stock inexplicably ran past $20.

I entered a sell order a bit below the 200-day MA. But now I'm going to cancel it. If the same people are involves as were last time, this could be a nice ride.
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wadirum1 wadirum1 1 year ago
Why $1.80? And hasn't it already hit that (after hours and pre-market)?

I would have thought the key barrier would be the 200-day MA.
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Triple nickle Triple nickle 1 year ago
1.80 sends it to three bucks
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wadirum1 wadirum1 1 year ago
Thanks. The funny thing is that POLA didn't move at all the first time they announced EV mobile charging. But the company performance and the stock price are two very different things with POLA.

Unfortunately, I only have a small position in this. The technicals just did not ever get to where I thought it was a buy.
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subslover subslover 1 year ago
Polar Power Launches New Line of Mobile Electric Vehicle Chargers
GARDENA, CA, May 10, 2023 (GLOBE NEWSWIRE) -- Polar Power Inc. (“Polar” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup and solar hybrid DC power solutions, today announced it is now taking advance orders for its new line of mobile Combined Charging System (“CCS”) Electric Vehicle (“EV”) chargers, which are expected to be available before the end of the first quarter of 2024. Mobile EV chargers are used for emergency roadside service providing a fast-charging solution for EVs that have run out of charge before reaching a stationary charging facility. The goal is not to fully charge the vehicle but place a sufficient charge allowing the vehicle to proceed to the nearest charging station; this being analogous to the can of gasoline provided to stranded motorists.

Polar is currently upgrading its mobile CHAdeMO EV chargers to the universal CCS standard to meet the larger market opportunity. Because of the supply chain shortages and long delivery of engines and electronics, Polar is taking orders for shipments starting in the first quarter of 2024.

Since 2011 Polar has sold its CHAdeMO chargers to most of the major U.S. automakers for fast charging their EVs during field testing. The performance advantage Polar provided to mobile EV charging was a significant reduction in the charging system's size, weight, fuel consumption (for both the charger and vehicle transporting the charger), and system cost. Using the Polar system, a complete charging system can be deployed on the back of a small pickup truck relative to alternative solutions requiring a large trailer towed by a truck or tractor/trailer. The Polar mobile EV charger technology is DC based and is less than half the weight and size of an AC generator coupled to an AC to DC charger.

The other alternate solution to an EV running out of power on the road is a flatbed truck to transport the vehicle to the nearest charging station. This is a cumbersome solution requiring a considerable time to load the EV, transport it, and unload it at the charging station. In aggregate, this can take hours and to exacerbate the situation, in many cities, there is a long wait for flatbed truck availability. Using a mobile EV charger allows a small van or pickup truck to perform a 15-to-30-minute charge (about the same time required to only load the vehicle on to the flatbed truck) allowing the motorist to drive to a charging station, which is a substantially more elegant and cost-effective solution. In fact, the Polar EV chargers are small enough to be installed on tow trucks / wreckers or on a small pickup or van. Polar expects this will substantially accelerate the establishments of fleets to serve the fast-growing EV market.

The first sizes to ship will be 15 kW and 30 kW using either propane, natural gas, or diesel. Polar's next generation of DC alternators, its 9000 series, is in test with 50 kW charging output. These chargers are expected to be available in the second quarter of 2024.

Mr. Arthur D. Sams, CEO of the Company, comments, "There is a large number of gas stations in our cities and highways with short lines where it takes only minutes to refuel yet there are still a substantial number of drivers that run out of fuel," said Polar Power CEO Arthur Sams. "I am intimately familiar with the challenges as an EV owner myself for the past 8 years and I know that keeping a charge in your vehicle requires an extra effort. There have been many times that I arrived at the charging station with less than 5 miles of charge remaining in the vehicle and I expect this is a familiar comment from many EV owners".

"One factor causing EVs to run out of charge is commonly referred to as phantom discharge or vampire drain; EV owners can experience continued battery discharge while the vehicle is parked. My EV loses up to 10 miles a day while my car is parked at the airport, so I must make sure there is sufficient charge to manage the time away from the vehicle and the charge needed to get home. The factors causing phantom discharge vary from EV to EV, including preconditioning and temperature regulation of the battery and cabin interior, security cameras, charging the onboard 12 Vdc battery, and miscellaneous apps. As soon as I figure out the setting to reduce my phantom discharges, a software update comes along and seems to switch them on again. In addition to the EV owners’ needs for mobile charging there are the needs of EV manufacturers, transportation logistics, and dealer sales lots. When the automotive manufacturing plant ships an EV there can be problems with dead batteries due to long storage and transportation time, mobile chargers are needed at the docks, storage yards, and the dealerships. Fleet vehicle operators need mobile chargers to maintain and service their fleet.

Mr. Sams concluded, "Many EV owners are burdened with range anxiety, and we can provide a cost-effective and easily accessible solution to give owners greater comfort through emergency on-road charging solutions using our power technology platform. The incumbent solution frequently leads to bad experiences for EV owners who have faced very long waits for a flatbed truck to haul their EV to a charging station, keeping in mind that most EVs are not even towable with standard tow trucks. Overall, we see this as a substantial market opportunity for us by providing the enabling technology to solve this real-world problem that will only become more prevalent with the proliferation of EVs.

We believe supplying each city in the USA with just one mobile EV charger represents a huge market potential."

About Polar Power, Inc.

Gardena, California-based Polar Power, Inc. (NASDAQ: POLA) designs, manufactures, and sells direct current, or DC, power systems, lithium battery powered hybrid solar systems for applications in the telecommunications market and, in other markets, including military, electric vehicle charging, cogeneration, distributed power, and uninterruptable power supply. Within the telecommunications market, Polar's systems provide reliable and low-cost energy for applications for off-grid and bad-grid applications with critical power needs that cannot be without power in the event of utility grid failure. For more information, please visit www.polarpower.com or follow us on www.linkedin.com/company/polar-power-inc/.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This news release contains certain statements of a forward-looking nature relating to future events or future business performance. Forward-looking statements can be identified by the words "expects," "anticipates," "believes," “intends,” “estimates,” “plans,” “will,” “outlook” and similar expressions. Forward-looking statements are based on management’s current plans, estimates, assumptions and projections, and speak only as of the date they are made. With the exception of historical information, the matters discussed in this press release including, without limitation, Polar’s expectation that its new line of electric vehicle chargers including those of sizes 15 kW, 30 kW, and 50 kW using either propane, natural gas, or diesel will be available in the year 2024 are forward-looking statements and considerations that involve a number of risks and uncertainties. The actual future results of Polar could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to, adverse domestic and foreign economic and market conditions, including demand for mobile EV chargers; trade tariffs on raw materials; changes in domestic and foreign governmental regulations and policies; the impact of inflation and changing prices on raw materials; supply chain constraints causing significant delays in sourcing raw materials; labor shortages as a result of the pandemic, low unemployment rates, or other factors limiting the availability of qualified workers; and other events, factors and risks. It undertakes no obligation to update any forward-looking statement in light of new information or future events, except as otherwise required by law. Forward-looking statements involve inherent risks and uncertainties, most of which are difficult to predict and are generally beyond Polar’s control. Actual results or outcomes may differ materially from those implied by the forward-looking statements as a result of the impact of a number of factors, many of which are discussed in more detail in Polar’s reports filed with the Securities and Exchange Commission.

Media and Investor Relations:
Shawn M. Severson
+1 312-420-9191

Company Contact:
Polar Power, Inc.
249 E. Gardena Blvd.
Gardena, CA 90248
Tel: 310-830-9153
ir@polarpowerinc.com
www.polarpower.com

Attachment
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wadirum1 wadirum1 1 year ago
The chart pattern I was looking at broke down. So, I think this has a good bit more to fall. I'm still watching closely...
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wadirum1 wadirum1 1 year ago
Almost time to jump back into this. But with 1.15 failing to provide support, I think this is going sub-$1.
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Nikodemos Nikodemos 1 year ago
Swinging BACK AROUND looking through some OLDIES (but goodies; "past dates") & liking that DOUBLE BOTTOM chart break! Still within an "acceptable range" but looking like it is FALTERING... The sector hasn't exactly been FIRE
either, but which has (in this market)?

I think we're coming UP ON A PERFECT 6/9-24-36mo period for penny stocks. Stocks that can have a HUGE RUN as inflation pressures, market valuations, etc., move folks OFF of blue chips until they STABILIZE. Which I think is another EASY year or so out from happening.

SLOWLY penny stocks could swing into favor as the market looks for GAINS & RETURNS. Polar has potential & the next few Q's will be telling. On my radar -- BUT I want to see that $1.00 level get a TEST FIRST!! We'll have to see what develops, but I'll be watching....! GLA
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wadirum1 wadirum1 2 years ago
The POLA chart is now bullish. I have a small position. Maybe wishing I had more.
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wadirum1 wadirum1 2 years ago
POLA ends 2022 hanging onto a price above $1.

At some point, this would make a great buyout candidate. But the CEO doesn't seem ready to sell. Nor does he have the scale to really get this going. So, all this superior technology is going to waste and shareholders are getting hammered.

Maybe next year will be the year for POLA?
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wadirum1 wadirum1 2 years ago
Down from $2.25 to $1.50 in a bit over a month. Who could of seen that coming?

Oh, I guess I did.

Could POLA have had a worse quarter? Yikes. Glad I'm watching this from the sidelines!
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wadirum1 wadirum1 2 years ago
Could POLA have had a worse quarter? Yikes. Glad I'm watching this from the sidelines!
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wadirum1 wadirum1 2 years ago
Was checking the price of this and noticed my post from May. I should clarify that I am currently on the sidelines with respect to POLA.
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wadirum1 wadirum1 2 years ago
POLA looking great!
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wadirum1 wadirum1 2 years ago
I keep buying POLA. Back to owning a pretty large position. It might well keep dropping, but POLA has a habit of spiking up and I am confident sub-$3 shares will pay off handsomely.
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wadirum1 wadirum1 2 years ago
Added more. This is a table-pounder at these prices.
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wadirum1 wadirum1 2 years ago
Might get a chance to really reload here.
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wadirum1 wadirum1 2 years ago
Added more this morning.

I wonder if any others are seeing that this $3 stock is going up over $10?
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wadirum1 wadirum1 2 years ago
Added more.

Crazy that more people don't follow this stock. It is a 5G play, an EV play, a deteriorating power grid play, and I think a take-out play given that the CEO is age 70 and given that DAIO's main problem is lacking the size to really get its products manufactured and sold -- though it has now gotten to where it is making a profit.

The trading now reminds me of the trading we saw when this stock went to $20. And chart looks great. I've been buying all week.
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wadirum1 wadirum1 2 years ago
Looks as though I nailed my re-entry!
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wadirum1 wadirum1 2 years ago
The safer entry would be if POLA were to rise over $3. But I would like to hold about 3X the number of shares I just bought, or perhaps a bit more. So, maybe I'll buy more if this either tanks or shows signs of putting in a strong bottom (with a higher high above $3).
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wadirum1 wadirum1 2 years ago
Just dipped my toe back into the water on POLA. Starter position at $2.73.

Any thoughts? Generators remain big, and I think POLA has technology that makes it a buy-out candidate. And I think the chart is forming a PPO-ADX pincher. Jump back in for the ride?
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wadirum1 wadirum1 3 years ago
Looking like it wants to go back down to the $2 range. Sanity has prevailed.
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Amrsto1000 Amrsto1000 3 years ago
Let me spell it out for you, it's a whole lot wore than you can imagine. I"ve been trading for over 40 years, over 20 online. Usually I worked with better than 1/2 mil which they would let me leverage 10 times. The major traders, they profile you and take positions against you. There's actually a person sitting at a desk watching your every move.

One major trick is to put shares in your account that they don't buy on the open market. Highly difficult for a stock to move up when there's no buying activity. they buy you shares back when yo decide to dump it. They are watching L3 and provide the institutional trades. Rigged game.
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wadirum1 wadirum1 3 years ago
They have well-regarded products, but they can't seem to make money.

I don't understand how the SEC allows this sort of manipulation. The stock got up to $20 on massive volume. Obvious wash-trading, but I guess that's okay these days.

It is now low enough to look at again. Though I certainly don't believe it is a table pounder.
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Amrsto1000 Amrsto1000 3 years ago
I see that I'm not the only one noticing that! I'm still looking at this stock hard but I want to see some revenue growth and margins.
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wadirum1 wadirum1 3 years ago
Down into the $4 range intraday. So, gravity still works.
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wadirum1 wadirum1 3 years ago
POLA continuing its move back to $4 or lower, where it belongs.

Still, whoever is wash-trading this has done a remarkable job of keeping it up well above any sort of fair value for so long.
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wadirum1 wadirum1 3 years ago
POLA continues to be wash-traded, but now the effort seems to be to get investors out without causing the price to collapse.

I still think this is heading back sub-$4.
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wadirum1 wadirum1 3 years ago
POLA 10-K shows that losses TRIPLED. Net assets declined. Sales declined quite precipitously. And shares were issued.

Nevertheless, the stock went up more than five-fold.

And it continues to trade at volumes never before seen.

There is something seriously wrong with this picture.
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wadirum1 wadirum1 3 years ago
I believe the folks who manipulated POLA so high have now decided to move on. POLA was able to sell those shares at fantastic prices. And now the bottom will drop out. I would say that POLA seems likely to return to $3, but they took in so much money from selling shares that perhaps the floor now will be $4 or $5.
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wadirum1 wadirum1 3 years ago
With POLA's S-3 and with this wild trading and (to me) obvious manipulation, I am guessing that Sams cut a deal to issue some fairly-priced shares to some group that would run up the price so that they could bring in a lot more capital at higher PPS.

Maybe I'm wrong. But why does POLA keep needing more capital? Why no PRs in a long time? Why is the stock trading multiple of its float so often. Why is PPS 5X or 10X the fair value?
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wadirum1 wadirum1 3 years ago
Is there anyone here who actually is buying or holding this stock up here?

It is selling for 10X a reasonable price and the volume suggests that all the available shares are trading hands multiple times per day. Wash-trade manipulation IMHO.

When the folks that got that block of shares are done selling, this is going to fall hard.
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wadirum1 wadirum1 3 years ago
POLA hit $30. That's 10X what it is worth, and it is still trading the float or multiples of the float every day.

Amazing what people can do if they get enough control over a stock.
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ClayTrader ClayTrader 3 years ago
* * $POLA Video Chart 01-22-2021 * *

Link to Video - click here to watch the technical chart video

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wadirum1 wadirum1 4 years ago
Well, at least POLA isn't going to miss out on the chance to join the party. Selling $100M in securities! Why not? The stock is selling for between 3X and 5X any reasonable valuation. If I were Sams, I'd sell a billion at these prices!

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@LiftedCapital @LiftedCapital 4 years ago
Absolutely... gotta stay moving. Have a great weekend.
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wadirum1 wadirum1 4 years ago
Glad you took profits. Congrats.

There is something not at all right about how POLA is trading, when the shares that are changing hands turn over 10 or 20 times per day up at levels 5X what the stock is really worth. Trades like a penny stock, which I have no problem with, but people just need to treat it accordingly.
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@LiftedCapital @LiftedCapital 4 years ago
Lol i took great profits n ROLLED in YTEN i figured

Y not buy @ 10 at YTEN... CRAZY RIGHT...

FREEMONEY 4TW

FREEMONEY 4ALL
👍️0
ClayTrader ClayTrader 4 years ago
* * $POLA Video Chart 01-15-2021 * *

Link to Video - click here to watch the technical chart video

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