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Why Polar Power's Stock Is Trading Lower Today

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Polar Power (NASDAQ: POLA) shares are trading lower on Friday, selling off from Thursday’s strength as the stock gained heavily in recent sessions amid momentum in the electric vehicle/fuel cell space.

Polar Power is engaged in designing, manufacturing, and selling direct current power systems for applications in the telecommunications market, military, electric vehicle charging, cogeneration, distributed power, and uninterrupted power supply. Its products include DC generators, Back-up DC generators, hybrid power systems, Li-Ion battery systems, and Marine DC generators.

Polar Power shares were trading down 27.10% at $2.69 at the time of publication on Friday. The stock has a 52-week high of $6.56 and a 52-week low of 95 cents.

 

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