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Polar Power, Inc.

    Polar Power, Inc.

    Polar Power designs, manufactures, and sells direct current (DC) power systems, power generators, battery storage, renewable energy, and cooling systems for backup power and off-grid power generation applications, including telecom (the largest vertical at >90% of sales), auxiliary power generation for military vehicles, power generation for autonomous vehicles, electric vehicle rapid-charging, marine and RV, in addition to power for industrial and residential applications.

    Through its DC power systems, Polar provides energy service to applications that do not have access to the utility grid (prime power applications) or have critical power needs and cannot be without power in the event of utility grid failure (backup power applications). 

Analyst

Shawn Severson
President & Co-Founder

Recent Sector Insights

CLIMATETECH & SUSTAINABLE INVESTING
Polar Power, Inc. (NASDAQ: POLA)
3Q22 Results: Revenue Down 58.7% Y/Y; Net Loss Increased to $2.4 Million; Overcoming Inflation Risks
Update Note · 16 Nov 2022

Polar Power reported 3Q22 revenue of $1.7 million, down 58.7% Y/Y from $4.1 million in 3Q21. The company’s domestic sales are driven by its telecommunications clients, as its DC Generators support the rollout of 5G infrastructure throughout the US. Supply chain issues hindered the company’s manuf...

CLIMATETECH & SUSTAINABLE INVESTING
Polar Power, Inc. (NASDAQ: POLA)
2Q22 Results: Revenue Down 11.8% Y/Y; Gross Margins Improve 4.8% Y/Y; Overseas Interest Rises
Update Note · 19 Aug 2022

Polar Power reported 2Q22 revenue of $4.3 million, down 11.8% Y/Y from $4.8 million in 2Q21. The company’s domestic sales are driven by its telecommunications clients, as its DC Generators support the rollout of 5G infrastructure throughout the US. Supply chain issues hindered the company’s manuf...

CLIMATETECH & SUSTAINABLE INVESTING
Polar Power, Inc. (NASDAQ: POLA)
1Q22 Results: Revenue Grows 12.7% Y/Y Amidst Interest in Overseas Market; Labor Efficiency Improves
Update Note · 07 Jun 2022

Polar Power reported 1Q22 revenue of $3.7 million, up 12.7% Y/Y from $3.3 million in 1Q21. Higher sales of DC power systems to Tier 1 US telecom clients in support of 5G infrastructure and an uptick in demand to export these systems for rural broadband projects fueled the growth. Complete results...

CLIMATETECH & SUSTAINABLE INVESTING
Polar Power, Inc. (NASDAQ: POLA)
FY21 Results: Revenue Surges 87.1% Y/Y as 5G Interest Grows and POLA Penetrates More Markets to Leverage Its DC Technology
Update Note · 11 Apr 2022

On March 31, 2022, Polar Power filed its annual report, disclosing its performance data for the year 2021.

CLIMATETECH & SUSTAINABLE INVESTING
Polar Power, Inc. (NASDAQ: POLA)
3Q21 Results: +65.4% Revenue Growth and Overall Performance Improvement with Focus on Customer Diversification
Update Note · 09 Dec 2021

Polar’s unique DC power systems are focused on applications in telecom (the largest vertical today), power generation for autonomous vehicles, electric vehicle rapid charging, marine and RV, in addition to power for industrial and residential applications.

CLIMATETECH & SUSTAINABLE INVESTING
Polar Power, Inc. (NASDAQ: POLA)
2Q21 Results: +330% Top-Line Growth Drives Gross Margin Expansion and EPS Improvement
Update Note · 25 Aug 2021

On August 16, 2021, Polar Power reported 2Q21 earnings results. The company delivered impressive top-line growth in the quarter along with gross margin expansion and EPS improvement.

CLIMATETECH & SUSTAINABLE INVESTING
Polar Power, Inc. (NASDAQ: POLA)
Powering Ahead with DC Solutions in 5G, Electric Vehicle Charging, and Nano/Microgrids
Initiation Of Coverage Report · 29 Jan 2021

Founded in 1979, Polar Power is a leader in providing clean and efficient DC power systems for backup, primary, and mobile power needs.

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