I've used a 4" battery powered Makita saw with a carbide-tipped blade to cut plastics with some success but had problems with the plastic shattering when the saw's effective depth of cut was significantly deeper than the sheet thickness. Hand-feeding too fast likely was the problem, but it can be hard to control: and one mistake and you've got scrap. When things are set up correctly, I get very smooth cut edges.
Cutting thinner plastic has proved to be more challenging so 1/4" thick material may not be so problematic. That's my experience, anyway.
This particular saw actually was sold with a diamond blade and an attached water bottle for a water drip. It turns at a relatively low speed and that, in combination with a carbide blade and the water drip, works very well for cutting plastic. When it's set up right. I bought mine over 20 years ago but it looks like Makita still sells something like it.