Polar Power, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $5.5M
- Price
- $1.50
- % Change (Daily % change from the live per-ticker quote feed.)
- +2.04%
- Volume
- 256.7K
About
Polar Power, Inc., originally established in 1979 as Polar Products, Inc. before its name change in October 1991, is headquartered in Gardena, California. The company specializes in the engineering, manufacturing, and distribution of direct current (DC) power generators, renewable energy solutions, and cooling systems, serving both domestic and international markets. Its comprehensive product offerings include foundational DC power systems, various DC hybrid power configurations, solar-integrated DC hybrid power systems, and portable power units. These DC power solutions are designed to operate using diverse fuel sources, such as diesel, natural gas, LPG/propane, and other sustainable energy options. Polar Power caters to a broad spectrum of industries, including telecommunications, defense, commercial enterprises, industrial operations, and marine applications. The company distributes its products through a dedicated in-house sales team, complemented by a network of independent service providers and authorized dealers.
Quick stats
Shares outstanding3.6M
Computed float3.0M
Float / shares81.9%
Key info
SectorIndustrials
IndustryElectrical Equipment & Parts
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001622345
Websitehttps://www.polarpower.com
AI Summary
AI-generated1/7
minorbullishoperations update
Polar Power Announces Expansion into Drone and Robotics Military Markets as Part of Diversification Strategy
Polar Power announced a diversification strategy into military applications for drones, robotics, and unmanned surface vessels, leveraging its DC power expertise for defense and charging systems.
Current active projects include collaborations with the U.S. Navy Warfare Center Dahlgren on drone defense and major defense contractors on autonomous targeting, though sales currently involve limited quantities during field testing.
The company noted that awarded military contracts typically generate $1M to $1.5M in annual revenue, but cautioned there is no assurance current development activities will result in larger production orders.
Red flags
- current sales involve limited quantities during testing and qualification
- no assurance that development opportunities will materialize into production contracts
- forward-looking statements heavily dependent on market adoption