Polar Power Inc. Plunges 7.18% Post-Consolidation

Polar Power Inc. (POLA) experienced a significant drop of 7.18% in pre-market trading on July 2, 2025, marking a notable decline in its stock performance.

Polar Power Inc. recently underwent a 1 for 7 consolidation, which means shareholders now hold one share for every seven shares they previously owned. This corporate action is likely to have influenced the stock's recent price movement, as such consolidations often lead to increased volatility and investor speculation.

While the specific reasons behind the 7.18% drop are not explicitly stated, the consolidation could have triggered a sell-off as investors reassessed their positions in light of the reduced share count. Additionally, the market may be reacting to broader economic factors or industry trends that are affecting Polar Power's outlook.