Polar Power (NASDAQ:POLA) Research Coverage Started at StockNews.com

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

Polar Power Price Performance

Shares of Polar Power stock opened at $0.42 on Friday. The stock’s 50 day simple moving average is $0.43 and its 200-day simple moving average is $0.43. The stock has a market cap of $5.46 million, a P/E ratio of -0.79 and a beta of 0.90. Polar Power has a 1-year low of $0.32 and a 1-year high of $1.24.

Polar Power (NASDAQ:POLA) last announced its quarterly earnings data on Wednesday, August 14th. The utilities provider reported $0.03 EPS for the quarter. The firm had revenue of $4.66 million for the quarter. Polar Power had a negative return on equity of 52.52% and a negative net margin of 55.56%.

Institutional Investors Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. grew its position in Polar Power, Inc. (NASDAQ:POLA) by 802.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,806,023 shares of the utilities provider’s stock after buying an additional 2,495,000 shares during the period. Bard Associates Inc. owned 21.65% of Polar Power worth $1,140,000 as of its most recent SEC filing. 26.10% of the stock is currently owned by institutional investors and hedge funds.

About Polar Power

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.