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

Investment analysts at StockNews.com began coverage on shares of Polar Power (NASDAQ:POLA) in a research note issued on Sunday. The brokerage set a “sell” rating on the utilities provider’s stock.

Polar Power Price Performance

Shares of NASDAQ:POLA opened at $0.43 on Friday. The company’s fifty day moving average price is $0.44 and its 200 day moving average price is $0.43. Polar Power has a 12 month low of $0.32 and a 12 month high of $1.24. The firm has a market capitalization of $5.57 million, a P/E ratio of -0.81 and a beta of 0.90.

Polar Power (NASDAQ:POLA) last announced its quarterly earnings results on Wednesday, August 14th. The utilities provider reported $0.03 EPS for the quarter. Polar Power had a negative net margin of 55.56% and a negative return on equity of 52.52%. The firm had revenue of $4.66 million for the quarter.

Institutional Investors Weigh In On Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. raised its holdings in Polar Power, Inc. (NASDAQ:POLA) by 802.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,806,023 shares of the utilities provider’s stock after purchasing an additional 2,495,000 shares during the quarter. Bard Associates Inc. owned about 21.65% of Polar Power worth $1,140,000 as of its most recent filing with the SEC. 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.