Polar Power (NASDAQ:POLA) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Polar Power (NASDAQ:POLA) in a research report released on Sunday morning. The brokerage issued a sell rating on the utilities provider’s stock.

Polar Power Price Performance

Shares of Polar Power stock opened at $3.31 on Friday. Polar Power has a 1 year low of $2.24 and a 1 year high of $4.90. The company has a market capitalization of $8.31 million, a price-to-earnings ratio of -1.43 and a beta of 0.95. The business has a fifty day simple moving average of $3.05 and a two-hundred day simple moving average of $3.10.

Hedge Funds Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. grew its position in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,009,123 shares of the utilities provider’s stock after buying an additional 210,000 shares during the period. 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.