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

Equities researchers at StockNews.com assumed coverage on shares of Polar Power (NASDAQ:POLA) in a report issued on Thursday. The firm set a “sell” rating on the utilities provider’s stock.

Polar Power Stock Up 5.4 %

POLA stock opened at $0.39 on Thursday. Polar Power has a 12-month low of $0.32 and a 12-month high of $1.88. The company has a market cap of $5.03 million, a price-to-earnings ratio of -0.78 and a beta of 0.82. The company has a 50 day moving average of $0.43 and a two-hundred day moving average of $0.52.

Polar Power (NASDAQ:POLA) last released its earnings results on Monday, April 1st. The utilities provider reported ($0.24) earnings per share (EPS) for the quarter. Polar Power had a negative return on equity of 42.47% and a negative net margin of 42.82%. The company had revenue of $3.61 million during the quarter.

Institutional Investors Weigh In On Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. boosted its stake in Polar Power, Inc. (NASDAQ:POLA) by 802.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,806,023 shares of the utilities provider’s stock after buying an additional 2,495,000 shares during the quarter. Bard Associates Inc. owned approximately 21.65% of Polar Power worth $1,140,000 at the end of the most recent quarter. 26.10% of the stock is owned by hedge funds and other institutional investors.

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.