Polar Power (POLA) Shares Rise 8% After-Hours: Here’s Why

Polar Power, Inc. (NASDAQ: POLA) shares increased by 8.18% to $1.19 in after-hours trading following the announcement of a new management structure, appointing Chris Mayer and Arthur Sams as Co-CEOs with distinct responsibilities. Mayer will focus on corporate strategy and financial performance, while Sams will oversee sales, engineering, and manufacturing. The company highlighted growth opportunities in telecommunications, data centers, and defense as motivations for the restructuring. Polar Power has a market capitalization of approximately $4.74 million and has traded between a 52-week high of $5.70 and a low of $1.05.