Polar Power (NASDAQ:POLA) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Polar Power (NASDAQ:POLA) in a research report issued to clients and investors on Saturday. The firm set a “sell” rating on the utilities provider’s stock.

Polar Power Stock Down 1.7 %

Shares of NASDAQ POLA opened at $2.90 on Friday. The company has a market cap of $7.28 million, a price-to-earnings ratio of -1.26 and a beta of 0.95. The firm’s fifty day moving average is $3.02 and its 200 day moving average is $3.08. Polar Power has a 52 week low of $2.31 and a 52 week high of $4.90.

Hedge Funds Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. boosted its holdings in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 about 17.14% of Polar Power worth $1,435,000 at the end of the most recent reporting period. Institutional investors own 26.10% of the company’s stock.

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.