StockNews.com Begins Coverage on Polar Power (NASDAQ:POLA)

Analysts at StockNews.com started coverage on shares of Polar Power (NASDAQ:POLA) in a note issued to investors on Tuesday. The firm set a “sell” rating on the utilities provider’s stock.

Polar Power Price Performance

Shares of POLA opened at $2.87 on Tuesday. The firm’s 50 day moving average is $3.28 and its 200-day moving average is $3.13. Polar Power has a 12-month low of $2.24 and a 12-month high of $5.95. The stock has a market capitalization of $7.20 million, a P/E ratio of -1.24 and a beta of 0.94.

Institutional Trading of Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. boosted its stake in Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,009,123 shares of the utilities provider’s stock after buying an additional 210,000 shares during the quarter. Bard Associates Inc. owned approximately 17.14% of Polar Power worth $1,435,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 26.10% of the company’s stock.

Polar Power Company Profile

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.