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

StockNews.com began coverage on shares of Polar Power (NASDAQ:POLAFree Report) in a report released on Saturday. The brokerage issued a sell rating on the utilities provider’s stock.

Polar Power Price Performance

POLA opened at $0.46 on Friday. Polar Power has a fifty-two week low of $0.32 and a fifty-two week high of $1.58. The company’s 50 day moving average price is $0.44 and its two-hundred day moving average price is $0.49.

Polar Power (NASDAQ:POLAGet Free Report) last issued its quarterly earnings results on Monday, April 1st. The utilities provider reported ($0.24) earnings per share for the quarter. The company had revenue of $3.61 million during the quarter. Polar Power had a negative net margin of 58.84% and a negative return on equity of 54.46%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. increased its stake in shares of Polar Power, Inc. (NASDAQ:POLAFree Report) by 802.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,806,023 shares of the utilities provider’s stock after acquiring 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. Hedge funds and other institutional investors own 26.10% of the company’s stock.

Polar Power Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Polar Power Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Polar Power and related companies with MarketBeat.com's FREE daily email newsletter.