CHICAGO, IL., February 1, 2020 – Water Tower Research has published an Initiation of Coverage Report on Polar Power (NASDAQ: POLA). The report focuses on the company’s key drivers, milestones, obstacles and opportunities, and industry megatrends.
“Polar presently supplies DC power systems for several key markets and applications, including 5G telecom, EV charging, and nano/microgrid systems for homes and businesses. Global Tier 1 telecom customers are currently the primary source for the revenue and backlog, with 5G deployments driving demand for tower infrastructure and backup power worldwide,” said Shawn Severson, Co-Founder of Water Tower Research and Head of Sustainable Investing and BioEconomy Research. “The company’s DC power platform is well suited for additional applications, however, and the company is focusing on expanding its efforts into the electrical vehicle (EV) charging market as well as nano/microgrid applications.”
Mr. Severson continued, “The rapidly growing demand for EV charging is likely to strain the utility grid and can be supplemented by cost-effective, clean, and efficient solutions by Polar’s DC power systems in both stationary and mobile charging applications. Additionally, nano/microgrids are seeing growing demand for several reasons. Polar plans to actively pursue this market in sub-200kW applications where its DC power platform offers several advantages over incumbent AC power solutions.”
The complete Initiation of Coverage Report can be accessed HERE.
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