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

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

Polar Power Price Performance

Shares of POLA stock opened at $2.60 on Thursday. Polar Power has a 1-year low of $2.24 and a 1-year high of $4.90. The firm has a market cap of $6.53 million, a PE ratio of -1.13 and a beta of 0.95. The company has a 50-day moving average of $3.18 and a two-hundred day moving average of $3.10.

Institutional Trading of Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. grew its position in Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,009,123 shares of the utilities provider’s stock after buying an additional 210,000 shares during the quarter. 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. 26.10% of the stock is owned by hedge funds and other 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.