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 NASDAQ:POLA opened at $0.47 on Friday. The business’s 50-day moving average is $0.46 and its 200 day moving average is $0.44. Polar Power has a 1 year low of $0.32 and a 1 year high of $0.96. The firm has a market capitalization of $8.25 million, a P/E ratio of -1.00 and a beta of 0.94.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. lifted its position in Polar Power, Inc. (NASDAQ:POLA) by 7.5% during the 3rd quarter, according to the company in 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 acquiring an additional 210,000 shares during the period. Bard Associates Inc. owned 17.14% of Polar Power worth $1,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 26.10% of the stock is owned by institutional investors.

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.