Polar Power (NASDAQ:POLA) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Polar Power (NASDAQ:POLAFree Report) in a research note issued to investors on Sunday. The firm issued a sell rating on the utilities provider’s stock.

Polar Power Price Performance

NASDAQ:POLA opened at $0.46 on Friday. The firm has a market capitalization of $8.04 million, a P/E ratio of -1.03 and a beta of 0.94. The company’s fifty day moving average price is $0.46 and its 200-day moving average price is $0.44. Polar Power has a 1-year low of $0.32 and a 1-year high of $0.96.

Polar Power (NASDAQ:POLAGet Free Report) last posted its earnings results on Wednesday, August 14th. The utilities provider reported $0.03 earnings per share for the quarter. The firm had revenue of $4.66 million during the quarter. Polar Power had a negative net margin of 55.56% and a negative return on equity of 52.52%.

Institutional Investors Weigh In On Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. grew its holdings in Polar Power, Inc. (NASDAQ:POLAFree Report) by 7.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,009,123 shares of the utilities provider’s stock after purchasing an additional 210,000 shares during the quarter. Bard Associates Inc. owned about 17.14% of Polar Power worth $1,435,000 as of its most recent SEC filing. Institutional investors and hedge funds own 26.10% of the company’s stock.

About Polar Power

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Polar Power, Inc designs, manufactures, and sells direct current (DC) power generators, renewable energy, and cooling systems in the United States and internationally. The company offers DC base power systems, DC hybrid power systems, DC solar hybrid power systems, and mobile power systems. Its DC power systems are available in diesel, natural gas, LPG/propane, and renewable fuel formats.

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