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

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

Polar Power Stock Down 1.7 %

Shares of POLA stock opened at $2.90 on Friday. Polar Power has a fifty-two week low of $2.31 and a fifty-two week high of $4.90. The firm’s 50 day moving average price is $3.02 and its two-hundred day moving average price is $3.08. The stock has a market cap of $7.28 million, a price-to-earnings ratio of -1.26 and a beta of 0.95.

Institutional Investors Weigh In On Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. grew its position in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,009,123 shares of the utilities provider’s stock after purchasing an additional 210,000 shares during the period. Bard Associates Inc. owned approximately 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.

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.