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

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

Polar Power Stock Performance

Shares of POLA opened at $2.85 on Friday. The company has a market capitalization of $7.15 million, a price-to-earnings ratio of -1.23 and a beta of 0.95. Polar Power has a 1 year low of $2.31 and a 1 year high of $4.90. The company’s 50 day simple moving average is $3.02 and its 200 day simple moving average is $3.08.

Hedge Funds Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. boosted its stake in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 approximately 17.14% of Polar Power worth $1,435,000 at the end of the most recent reporting period. 26.10% of the stock is 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.