Polar Power Inc is trading at $2.02 (7.4% up) as traders revisit its improving fundamentals following a strategic pivot toward higher-margin segments.
- The move marks a rebound from a 13% drop at the June 5 close, supported by a June 2 earnings report showing an 86% narrower net loss.
- Gross margins expanded to 65.7% as the company shifts focus toward military and EV charging applications, though its overall financial position remains fragile.