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 Monday morning. The brokerage issued a sell rating on the utilities provider’s stock.

Polar Power Price Performance

Polar Power stock opened at $2.75 on Monday. The firm’s 50 day simple moving average is $2.98 and its 200-day simple moving average is $3.06. The company has a market cap of $6.90 million, a P/E ratio of -1.19 and a beta of 0.89. Polar Power has a fifty-two week low of $1.78 and a fifty-two week high of $4.90.

Institutional Trading of 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 7.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 about 17.14% of Polar Power worth $1,435,000 as of its most recent filing with the SEC. 26.10% of the stock is currently 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.