Water Tower Research initiates coverage on Polar Power, citing growing demand for EV charging solutions

2 February 2021

According to Water Tower Research, the rapidly growing demand for EV charging is likely to strain the utility grid and can be supplemented by cost effective, clean, and efficient solutions by Polar’s DC power systems in both stationary and mobile charging applications.

Water Tower Research is initiating coverage on DC power company Polar Power Inc (NASDAQ:POLA), citing booming demand for DC power systems as a key growth driver.

Polar Power is focused primarily on providing clean and efficient DC power systems for backup, primary, and mobile power needs and currently supplies DC power systems for a variety of markets including 5G telecom, electric vehicle (EV) charging, and nano/microgrid systems for homes and business.

Angela Harmantas @AHarmantas
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