Welcome to our dedicated page for Polar Pwr news (Ticker: POLA), a resource for investors and traders seeking the latest updates and insights on Polar Pwr stock.
Polar Power, Inc. designs and manufactures DC power systems for prime, backup and solar-hybrid applications, with products that include DC generators, battery charging systems, EV chargers, microgrids and cooling systems. Its updates commonly address demand from telecommunications, military, renewable energy, marine, construction equipment, electric-vehicle charging, residential, commercial, oil field and mining applications.
Company news also covers quarterly and annual financial results, customer concentration in telecom, efforts to diversify into military, microgrid and mobile EV charging markets, purchase orders and collaborations for compact generators and hybrid charging modules, and Nasdaq listing-compliance matters.
Polar Power (NASDAQ: POLA) has priced its underwritten public offering of 750,000 shares of common stock at $18.00 per share, yielding gross proceeds of $13.5 million before expenses. The offering is scheduled to close on February 10, 2021, contingent on customary conditions. ThinkEquity serves as the sole manager for the offering. The shares will be issued under a previously declared S-3 registration statement, with details provided in a prospectus. This move emphasizes Polar Power's ongoing strategy in the renewable energy sector.