Polar Power, Inc. (POLA) is trading 5.9% up at $1.80 as a new $2.5 million revolving loan agreement eases near-term financing concerns and reduces bankruptcy risk.
- The rally extends gains from Monday, continuing positive momentum that began when the loan filing hit the markets last week.
- The move appears company-specific, with the stock outperforming broader market indices which are currently trading slightly lower.