Tearsheet

Polar Power (POLA)


Market Price (4/16/2026): $1.74 | Market Cap: $4.6 Mil
Sector: Industrials | Industry: Electrical Components & Equipment

Polar Power (POLA)


Market Price (4/16/2026): $1.74
Market Cap: $4.6 Mil
Sector: Industrials
Industry: Electrical Components & Equipment

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Megatrend and thematic drivers
Megatrends include Renewable Energy Transition, Sustainable Infrastructure, and Hydrogen Economy. Themes include Battery Storage & Grid Modernization, Show more.

Weak multi-year price returns
2Y Excs Rtn is -82%, 3Y Excs Rtn is -152%

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 17%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -8.0 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -126%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 115%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -55%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -23%, Rev Chg QQuarterly Revenue Change % is -77%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -17%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -199%

High stock price volatility
Vol 12M is 114%

Key risks
POLA key risks include [1] substantial doubt about its ability to continue as a going concern due to significant financial instability and [2] a heavy dependence on a single major customer for approximately half of its sales.

0 Megatrend and thematic drivers
Megatrends include Renewable Energy Transition, Sustainable Infrastructure, and Hydrogen Economy. Themes include Battery Storage & Grid Modernization, Show more.
1 Weak multi-year price returns
2Y Excs Rtn is -82%, 3Y Excs Rtn is -152%
2 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 17%
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -8.0 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -126%
4 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 115%
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -55%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -23%, Rev Chg QQuarterly Revenue Change % is -77%
6 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -17%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -17%
7 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -199%
8 High stock price volatility
Vol 12M is 114%
9 Key risks
POLA key risks include [1] substantial doubt about its ability to continue as a going concern due to significant financial instability and [2] a heavy dependence on a single major customer for approximately half of its sales.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Polar Power (POLA) stock has gained about 5% since 12/31/2025 because of the following key factors:

1. Renewed investor interest in sustainable energy solutions drove a significant stock surge. On March 31, 2026, Polar Power's stock increased by 41.04%, primarily attributed to renewed investor enthusiasm for sustainable energy solutions, aligning with the company's focus on DC power solutions.

2. Strategic global market expansion and leadership changes boosted investor confidence. Shares also surged by 17.95% on March 31, 2026, following the announcement of a significant global market expansion. This was complemented by a recent leadership change, which fostered an environment focused on innovation and strategic realignment, further boosting investor confidence.

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Stock Movement Drivers

Fundamental Drivers

The 6.6% change in POLA stock from 12/31/2025 to 4/15/2026 was primarily driven by a 47.4% change in the company's P/S Multiple.
(LTM values as of)123120254152026Change
Stock Price ($)1.671.786.6%
Change Contribution By: 
Total Revenues ($ Mil)86-24.3%
P/S Multiple0.50.747.4%
Shares Outstanding (Mil)33-4.5%
Cumulative Contribution6.6%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/15/2026
ReturnCorrelation
POLA6.6% 
Market (SPY)-5.4%-3.6%
Sector (XLI)10.4%-9.5%

Fundamental Drivers

The -46.3% change in POLA stock from 9/30/2025 to 4/15/2026 was primarily driven by a -47.3% change in the company's Total Revenues ($ Mil).
(LTM values as of)93020254152026Change
Stock Price ($)3.311.78-46.3%
Change Contribution By: 
Total Revenues ($ Mil)126-47.3%
P/S Multiple0.70.76.7%
Shares Outstanding (Mil)33-4.5%
Cumulative Contribution-46.3%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/15/2026
ReturnCorrelation
POLA-46.3% 
Market (SPY)-2.9%6.5%
Sector (XLI)11.4%-1.6%

Fundamental Drivers

The -26.4% change in POLA stock from 3/31/2025 to 4/15/2026 was primarily driven by a -54.9% change in the company's Total Revenues ($ Mil).
(LTM values as of)33120254152026Change
Stock Price ($)2.421.78-26.4%
Change Contribution By: 
Total Revenues ($ Mil)146-54.9%
P/S Multiple0.40.770.8%
Shares Outstanding (Mil)33-4.6%
Cumulative Contribution-26.4%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/15/2026
ReturnCorrelation
POLA-26.4% 
Market (SPY)16.3%9.1%
Sector (XLI)32.0%4.7%

Fundamental Drivers

The -80.7% change in POLA stock from 3/31/2023 to 4/15/2026 was primarily driven by a -60.7% change in the company's Total Revenues ($ Mil).
(LTM values as of)33120234152026Change
Stock Price ($)9.241.78-80.7%
Change Contribution By: 
Total Revenues ($ Mil)166-60.7%
P/S Multiple1.00.7-28.4%
Shares Outstanding (Mil)23-31.5%
Cumulative Contribution-80.7%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/15/2026
ReturnCorrelation
POLA-80.7% 
Market (SPY)63.3%6.8%
Sector (XLI)76.4%3.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
POLA Return-25%-64%-68%12%-48%10%-95%
Peers Return15%-23%69%41%44%58%385%
S&P 500 Return27%-19%24%23%16%2%85%

Monthly Win Rates [3]
POLA Win Rate25%42%33%50%33%25% 
Peers Win Rate62%40%58%60%65%75% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
POLA Max Drawdown-26%-65%-68%-19%-48%-19% 
Peers Max Drawdown-7%-41%-9%-11%-30%-0% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: GNRC, ENS, VRT, CMI, AEIS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/15/2026 (YTD)

How Low Can It Go

Unique KeyEventPOLAS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-98.5%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven6622.3%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-70.8%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven242.1%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven73 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-77.3%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven340.8%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven424 days120 days

Compare to GNRC, ENS, VRT, CMI, AEIS

In The Past

Polar Power's stock fell -98.5% during the 2022 Inflation Shock from a high on 1/25/2021. A -98.5% loss requires a 6622.3% gain to breakeven.

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About Polar Power (POLA)

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 hybrid power systems, and mobile power systems. Its DC power systems are available in diesel, natural gas, LPG/propane, and renewable fuel formats. The company serves customers in the telecommunications, military, commercial, industrial, and marine markets. It sells its products through a direct sales force, and a network of independent service providers and dealers. The company was formerly known as Polar Products, Inc. and changed its name to Polar Power, Inc. in October 1991. Polar Power, Inc. was incorporated in 1979 and is based in Gardena, California.

AI Analysis | Feedback

Here are 1-3 brief analogies to describe Polar Power (POLA):

  • Generac for industrial DC and hybrid power systems.
  • Caterpillar for specialized DC power solutions.

AI Analysis | Feedback

```html
  • DC Power Generators: Systems designed to produce direct current power, available in various configurations like base, hybrid, solar hybrid, and mobile, utilizing fuel types such as diesel, natural gas, LPG/propane, and renewable fuels.
  • Renewable Energy Systems: Power systems that incorporate renewable sources, particularly solar, often integrated into hybrid power solutions.
  • Cooling Systems: Equipment manufactured for temperature regulation, typically used in conjunction with their power generation or related applications.
```

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Arthur D. Sams

President, Chief Executive Officer, and Chairman of the Board

Arthur D. Sams has served as Polar Power's President, Chief Executive Officer, and Chairman of its Board since August 1991. He is also a co-founder of Polar Power, which was launched as Polar Products in 1979. Under his leadership, the company has grown to be a leading brand in DC power systems. Mr. Sams specializes in the design of thermodynamics and power generation systems and led the development of the first solar vaccine refrigerators and solar air-conditioning. His early career included roles as a machinist, engineer, project manager, chief technical officer, and consultant for Fortune 500 companies, the U.S. Department of Defense, and the U.S. Department of Energy. He studied biology and engineering at California State Polytechnic University Pomona and the University of California at Irvine.

Luis Zavala

Chief Financial Officer & Vice President

Luis Zavala has served as Polar Power's Chief Financial Officer since April 2018, having previously held the roles of Acting Chief Financial Officer from March 2016 to April 2018 and Vice President Finance from August 2009 to March 2016. Before joining Polar Power, Mr. Zavala served as the President of Sky Limited Enterprises, a general contractor, from June 2006 to August 2009. Prior to that, he was the Director of Finance for Legacy Long Distance International, a telecommunications and operator service provider company, from March 2001 to May 2006. Mr. Zavala brings over 20 years of experience managing accounting and finance departments across various industries, including banking and telecommunications. He holds a Bachelor's Degree in Business Administration from California State University of Northridge and an MBA from Keller Graduate School of Management, Long Beach.

Adam Szczepanek

Vice President of Business Development, North America

Adam Szczepanek serves as the Vice President of Business Development for North America at Polar Power, Inc.

AI Analysis | Feedback

The key risks to Polar Power's business (NASDAQ: POLA) are primarily centered around its financial health, significant customer concentration, and intense competitive landscape.

  1. Financial Instability and Poor Performance: Polar Power has demonstrated significant financial challenges, including a multi-year decline in revenue, persistent net losses, and negative cash flows. The company reported a substantial operating income loss and deeply negative EBIT and EBITDA margins, indicating that expenses consistently outweigh revenue streams. Its high total debt-to-equity ratio further raises concerns about its ability to manage financial obligations, especially with shrinking cash balances. This ongoing financial strain severely impacts the company's stability and future growth prospects.

  2. High Customer Concentration in the Telecommunications Sector: A major risk for Polar Power is its heavy reliance on the telecommunications sector. In Q2 2025, sales to this sector accounted for a massive 92% of the company's total net sales. Such high customer concentration means that any downturn, change in capital expenditure, or inventory issues from a few large telecom customers can severely impact Polar Power's revenue and financial performance. The company has acknowledged this risk and is attempting to diversify its product offerings and customer base to mitigate it.

  3. Intense Competitive Pressures: Polar Power operates in a highly competitive market for DC power generators, renewable energy, and cooling systems. The company faces fierce competition that is challenging its market hold and contributing to its financial struggles. High operating expenses coupled with low gross profits suggest that efforts to compete are draining finances. Competitors are actively strengthening their positions through new partnerships and advanced technologies, further intensifying the pressure on Polar Power.

AI Analysis | Feedback

The rapid advancement and decreasing cost of battery energy storage systems (BESS), combined with increasingly efficient solar and wind energy capture technologies, posing a threat to Polar Power's reliance on DC power generators (even those utilizing renewable fuels or in hybrid systems) by potentially replacing the need for a generator engine entirely in many off-grid, backup, and mobile power applications across its target markets such as telecommunications and military.

AI Analysis | Feedback

Addressable Markets for Polar Power, Inc. (POLA)

Polar Power, Inc. operates in several markets related to DC power generation, renewable energy, and cooling systems. The addressable market sizes for its main products and services are as follows:

  • DC Power Systems: The global DC power systems market is projected to reach USD 508.8 million in 2025 and grow to USD 813.2 million by 2035, exhibiting a compound annual growth rate (CAGR) of 4.8%. North America accounts for the largest share of this market. Similarly, the global DC power supplies market was valued at over USD 441.89 million in 2025 and is projected to reach USD 686.24 million by 2035, with a CAGR of 4.5% during the forecast period. North America is expected to hold a 33% share by 2035.
  • Telecom Power Systems: The global telecom power system market size was valued at USD 4.6 billion in 2024 and is expected to reach USD 10.3 billion by 2032, growing at a CAGR of 10.9%. Another estimate places the global market at USD 5.69 billion in 2024, projected to reach USD 10.77 billion by 2033 with a CAGR of 8.30%. Asia-Pacific holds more than 40% of the global revenue for telecom power systems, with North America holding 35.7% of the market share in 2024.
  • Hybrid Power Systems: The global hybrid power system market size is estimated at USD 781.10 million in 2025 and is predicted to increase to approximately USD 1,477.63 million by 2035, expanding at a CAGR of 6.58%. Other reports indicate a global market size of approximately USD 2.86 billion in 2024, projected to grow to around USD 7.95 billion by 2034 at a CAGR of roughly 10.9%. North America is identified as the largest market, holding approximately 40% of the global market share, and is predicted to dominate this market.
  • Off-Grid Solar Power Systems: The global off-grid solar power systems market size is expected to be worth around USD 9.8 billion by 2034, up from USD 3.9 billion in 2024, growing at a CAGR of 9.7% from 2025 to 2034. Another report indicates that the market is valued to increase by USD 4.01 billion, at a CAGR of 12.93% from 2023 to 2028. The Asia-Pacific region dominated the off-grid solar power systems market, holding a 48.10% share and valued at USD 1.8 billion in 2024.
  • Mobile Power Systems: The global mobile power plant market size was estimated at USD 9.272 billion in 2024 and is projected to grow to USD 31.75 billion by 2035, exhibiting a CAGR of 11.84%. North America remains the largest market for mobile power plants. The global mobile energy storage systems market size accounted for USD 59.03 billion in 2025 and is predicted to increase to approximately USD 245.54 billion by 2035, expanding at a CAGR of 15.32%. Asia-Pacific dominated the mobile energy storage systems market with the largest market share of 56% in 2025.
  • Cooling Systems (Data Center Cooling): The global data center cooling market size was valued at USD 18.78 billion in 2025 and is projected to grow from USD 21 billion in 2026 to USD 54.18 billion by 2034, exhibiting a CAGR of 12.60%. North America dominated the global market with a share of 38.70% in 2025. Another estimate places the global data center cooling solutions market size at USD 11.65 billion in 2025, projected to grow to USD 30.99 billion by 2034 with a CAGR of 16.2%. Asia-Pacific leads this growth.
  • Overall Renewable Energy Market: The broader global renewable energy market size is accounted for at USD 1.74 trillion in 2025 and is predicted to increase to approximately USD 7.28 trillion by 2034, representing a CAGR of 17.23%. Asia Pacific dominated the global market with the largest market share of 40.71% in 2024.

AI Analysis | Feedback

Polar Power, Inc. (POLA) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market expansions:

  1. Expansion into Electric Vehicle (EV) Charging and Electric Construction Equipment: The company is actively moving into the mobile EV fast charging and hybrid power systems for electric construction equipment markets. An initial purchase order for EVMC30K mobile EV chargers, designed for emergency roadside fast-charging, indicates a new product line addressing emerging market needs.
  2. Continued Demand and Product Development in the Telecommunications Sector: Telecommunications remains a core market for Polar Power, with significant anticipated demand, particularly from 5G applications. The introduction and delivery of the 27 kW Summit Series DC generators are expected to drive higher orders, sales, and profits from U.S. Tier 1 5G operators. The company also expects increased scheduled shipments to its largest Tier-1 customer in early 2026.
  3. Growth in Aftermarket Parts and Services: Polar Power is strategically focusing on increasing sales in higher-margin aftermarket parts and services. This segment accounted for 28% of total net sales in the first quarter of 2025 and is seen as a source of recurring revenue that enhances gross margin stability and customer retention.
  4. New Compact DC Generators for Military and Diversified Niche Markets: A military contract for compact, lightweight DC generators that are 25% smaller and lighter than previous models, while maintaining comparable power output, completes Polar Power's DC generator lineup from 2 kW to 50 kW. This expansion positions the company to serve a broader range of markets, including robotics, drones, telecom RTUs/SCADA, agriculture automation, recreational marine, and RV systems. Plans for a 200 kW model are also in development.
  5. International Market Expansion and Customer Diversification: Polar Power has an expanded global footprint and is actively working to diversify its customer base and grow its international sales. This strategy is evidenced by the growth in international sales, which represented 18% of total net sales in the first quarter of 2025, up from 6% in the same period in 2024.

AI Analysis | Feedback

Share Issuance

  • In February 2021, Polar Power closed a public offering of 750,000 shares of common stock at $18.00 per share, resulting in gross proceeds of $13,500,000.
  • The company completed a public offering in December 2023, issuing 4,600,000 shares of common stock at $0.40 per share, which generated gross proceeds of $1,840,000.
  • In October 2025, Polar Power filed a prospectus to sell up to 567,153 shares of common stock under an at-the-market program, potentially increasing outstanding shares to 3,078,685.

Capital Expenditures

  • Capital expenditures for the last 12 months, as of March 6, 2026, were reported at -$1,000.
  • Part of the proceeds from the December 2023 public offering was designated for general corporate purposes, including capital expenditures.
  • Polar Power has made substantial improvements to its manufacturing capacity in recent years, enabling the potential to produce products for over $50 million in annual revenue.

Better Bets vs. Polar Power (POLA)

Latest Trefis Analyses

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Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
NSP_3312026_Insider_Buying_45D_2Buy_200K03312026NSPInsperityInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days
0.0%0.0%0.0%
TNC_3312026_Insider_Buying_45D_2Buy_200K03312026TNCTennantInsiderInsider Buys 45DStrong Insider Buying
Companies with multiple insider buys in the last 45 days
0.0%0.0%0.0%
ADP_3272026_Dip_Buyer_FCFYield03272026ADPAutomatic Data ProcessingDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
1.0%1.0%0.0%
HURN_3272026_Dip_Buyer_FCFYield03272026HURNHuron ConsultingDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
4.0%4.0%0.0%
TRU_3272026_Dip_Buyer_FCFYield03272026TRUTransUnionDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
5.2%5.2%0.0%

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

POLAGNRCENSVRTCMIAEISMedian
NamePolar Po.Generac EnerSys Vertiv Cummins Advanced. 
Mkt Price1.78204.40194.00301.16601.46374.32252.78
Mkt Cap0.011.97.2115.283.114.113.0
Rev LTM64,2093,73810,23033,6701,7993,974
Op Inc LTM-82894751,8963,871180382
FCF LTM-12684411,8872,386126355
FCF 3Y Avg-24223201,2631,806116371
CFO LTM-14385392,1143,621233488
CFO 3Y Avg-25674221,4453,025191494

Growth & Margins

POLAGNRCENSVRTCMIAEISMedian
NamePolar Po.Generac EnerSys Vertiv Cummins Advanced. 
Rev Chg LTM-54.9%-2.0%5.2%27.7%-1.3%21.4%2.0%
Rev Chg 3Y Avg-22.8%-2.4%1.1%21.7%6.7%0.2%0.6%
Rev Chg Q-77.1%-11.6%1.4%22.7%1.1%17.8%1.2%
QoQ Delta Rev Chg LTM-24.3%-3.3%0.3%5.5%0.3%4.3%0.3%
Op Mgn LTM-126.4%6.9%12.7%18.5%11.5%10.0%10.8%
Op Mgn 3Y Avg-65.6%9.7%12.0%16.4%8.4%7.7%9.0%
QoQ Delta Op Mgn LTM-36.0%-4.5%-0.5%0.5%0.3%1.0%-0.1%
CFO/Rev LTM-16.8%10.4%14.4%20.7%10.8%13.0%11.9%
CFO/Rev 3Y Avg-14.4%13.5%11.5%16.8%8.9%11.5%11.5%
FCF/Rev LTM-16.8%6.4%11.8%18.4%7.1%7.0%7.0%
FCF/Rev 3Y Avg-14.4%10.1%8.7%14.6%5.3%7.0%7.8%

Valuation

POLAGNRCENSVRTCMIAEISMedian
NamePolar Po.Generac EnerSys Vertiv Cummins Advanced. 
Mkt Cap0.011.97.2115.283.114.113.0
P/S0.72.81.911.32.57.82.6
P/EBIT-0.644.217.263.019.477.231.8
P/E-0.574.722.986.429.294.852.0
P/CFO-4.427.213.354.523.060.325.1
Total Yield-195.1%1.3%4.9%1.2%4.7%1.2%1.3%
Dividend Yield0.0%0.0%0.5%0.1%1.3%0.1%0.1%
FCF Yield 3Y Avg-24.2%5.0%7.1%3.3%4.0%2.3%3.7%
D/E1.20.10.20.00.10.00.1
Net D/E1.10.10.10.00.1-0.00.1

Returns

POLAGNRCENSVRTCMIAEISMedian
NamePolar Po.Generac EnerSys Vertiv Cummins Advanced. 
1M Rtn-1.7%0.9%19.8%13.8%10.4%21.4%12.1%
3M Rtn19.5%27.5%19.3%76.3%6.8%57.4%23.5%
6M Rtn-66.2%6.6%60.2%66.9%43.2%97.2%51.7%
12M Rtn-20.3%80.8%134.1%314.7%113.2%320.8%123.7%
3Y Rtn-76.9%100.9%143.5%2,331.1%175.7%314.7%159.6%
1M Excs Rtn-6.5%-3.9%15.0%9.0%5.5%16.6%7.2%
3M Excs Rtn1.4%28.8%17.5%73.6%5.5%59.2%23.2%
6M Excs Rtn-66.5%11.9%62.9%62.8%42.7%100.1%52.7%
12M Excs Rtn-47.8%54.5%106.2%302.2%83.4%301.5%94.8%
3Y Excs Rtn-151.6%29.1%75.6%2,236.9%114.4%241.6%95.0%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Direct current (DC) power systems141516924
Accessories10000
Engineering & Tech Support Services01000
Total151617925


Price Behavior

Price Behavior
Market Price$1.78 
Market Cap ($ Bil)0.0 
First Trading Date12/07/2016 
Distance from 52W High-66.2% 
   50 Days200 Days
DMA Price$1.65$2.31
DMA Trendindeterminatedown
Distance from DMA7.9%-23.0%
 3M1YR
Volatility156.3%114.1%
Downside Capture-0.870.76
Upside Capture-126.5082.38
Correlation (SPY)-7.2%9.8%
POLA Betas & Captures as of 3/31/2026

 1M2M3M6M1Y3Y
Beta1.042.10-0.390.700.520.47
Up Beta8.576.505.021.810.290.36
Down Beta1.592.94-4.47-1.220.410.71
Up Capture50%167%78%47%49%1%
Bmk +ve Days7162765139424
Stock +ve Days8182650110330
Down Capture-21%75%87%183%116%95%
Bmk -ve Days12233358110323
Stock -ve Days13233674133393

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with POLA
POLA-16.9%114.0%0.34-
Sector ETF (XLI)37.8%15.3%1.893.9%
Equity (SPY)22.0%12.9%1.3610.5%
Gold (GLD)49.0%27.5%1.4410.5%
Commodities (DBC)25.0%16.1%1.383.9%
Real Estate (VNQ)17.3%13.7%0.92-1.6%
Bitcoin (BTCUSD)-10.4%42.6%-0.147.7%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with POLA
POLA-54.4%97.9%-0.36-
Sector ETF (XLI)13.1%17.3%0.609.9%
Equity (SPY)10.9%17.0%0.5013.5%
Gold (GLD)21.9%17.8%1.012.8%
Commodities (DBC)11.5%18.8%0.505.3%
Real Estate (VNQ)4.0%18.8%0.128.0%
Bitcoin (BTCUSD)5.1%56.5%0.3110.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with POLA
POLA-30.0%133.3%0.16-
Sector ETF (XLI)14.0%19.9%0.6210.2%
Equity (SPY)13.8%17.9%0.6711.9%
Gold (GLD)14.3%15.9%0.752.3%
Commodities (DBC)8.7%17.6%0.415.0%
Real Estate (VNQ)5.4%20.7%0.229.2%
Bitcoin (BTCUSD)67.8%66.9%1.075.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date3312026
Short Interest: Shares Quantity0.4 Mil
Short Interest: % Change Since 3152026-43.1%
Average Daily Volume3.0 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity2.6 Mil
Short % of Basic Shares17.0%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/20/2025-6.1%-2.6%-18.2%
8/15/20257.6%-2.8%33.9%
4/1/20250.8%-17.1%-15.3%
11/14/2024-13.1%-19.3%-28.5%
8/14/202413.8%12.2%12.2%
4/1/2024-5.7%-7.8%-26.6%
11/14/2023-2.2%-13.3%-52.3%
8/14/20233.3%5.7%4.9%
...
SUMMARY STATS   
# Positive735
# Negative6108
Median Positive3.3%12.2%12.2%
Median Negative-4.6%-8.4%-22.7%
Max Positive18.3%54.5%46.5%
Max Negative-13.1%-19.3%-52.3%

SEC Filings

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Report DateFiling DateFiling
12/31/202504/15/202610-K
09/30/202511/19/202510-Q
06/30/202508/14/202510-Q
03/31/202505/15/202510-Q
12/31/202403/31/202510-K
09/30/202411/14/202410-Q
06/30/202408/14/202410-Q
03/31/202405/15/202410-Q
12/31/202304/01/202410-K
09/30/202311/14/202310-Q
06/30/202308/14/202310-Q
03/31/202305/15/202310-Q
12/31/202203/31/202310-K
09/30/202211/14/202210-Q
06/30/202208/15/202210-Q
03/31/202205/16/202210-Q

Recent Forward Guidance [BETA]

Latest: Q3 2025 Earnings Reported 11/20/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q4 2025 30 kW mobile EV charger release      
2026 Engineering Recruitment      

Prior: Q2 2025 Earnings Reported 8/15/2025

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