{"id":415058,"date":"2020-08-30T04:08:36","date_gmt":"2020-08-30T08:08:36","guid":{"rendered":"https:\/\/financhill.com\/blog\/?p=415058"},"modified":"2020-08-02T12:26:05","modified_gmt":"2020-08-02T16:26:05","slug":"is-polar-power-stock-a-buy","status":"publish","type":"post","link":"https:\/\/financhill.com\/blog\/investing\/is-polar-power-stock-a-buy","title":{"rendered":"Is Polar Power Stock a Buy?"},"content":{"rendered":"

Polar Power Inc (NASDAQ:POLA<\/a>)<\/strong> has been involved in providing electricity and climate control to remote areas of the world for nearly half a century<\/p>\n

Their products have been integrated into a variety of applications for military, telecommunications, and marine power usage. Of course, cash is power in today\u2019s post-coronavirus market, and Polar Power generated investor interest when it announced gains of $2.8 million through its private investments in July 2020.<\/p>\n

The company also sold an aggregate of 1,250,000 shares of common stock<\/a> to gain working capital for its operations during the remaining half of a turbulent year. It\u2019s a move that begs the question \u2013 is Polar Power Stock a buy?<\/p>\n

While you may not hear much about it in the news because of its mostly B2B revenue model, the company has a global footprint in sustainable energy generation and storage.<\/strong> This makes it a powerful player in a utility industry that\u2019s been traditionally rigid in adapting to change.<\/p>\n

Electricity is arguably your most important utility<\/a>, as it powers food refrigeration\/cooking, climate control, internet access, and more. With a push to smart-home technology and electric\/hybrid vehicles, it\u2019s only getting more vital.<\/p>\n

Let\u2019s look at why some investors are betting on Polar Power to adapt to the new marketplace before other larger players.<\/p>\n

Polar Power Is A Spinout Of NASA & WHO Partnership<\/h2>\n

Polar Power<\/a> in an American company founded in 1979 with the creation of a solar-powered fridge\/freezer that could be used to store vaccines in remote areas.<\/p>\n

It was created in partnership with NASA and the U.S. Agency for International Development to support a World Health Organization. From there, it expanded alongside the push for worldwide sustainable power generation and storage in both land and sea applications.<\/p>\n

This includes DC generators, hybrid power, rapid power, and large-scale Lithium Ion Iron Phosphate battery banks and battery management systems.<\/p>\n