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

Stock analysts at StockNews.com assumed 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 Stock Performance

NASDAQ:POLA opened at $3.27 on Friday. Polar Power has a fifty-two week low of $2.24 and a fifty-two week high of $4.90. The firm has a market cap of $8.21 million, a PE ratio of -1.42 and a beta of 0.95. The business has a 50 day moving average price of $3.05 and a 200-day moving average price of $3.11.

Institutional Investors Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. lifted its position in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the third quarter, according to the company in its most recent disclosure with the Securities and 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 17.14% of Polar Power worth $1,435,000 as of its most recent SEC filing. 26.10% of the stock is owned by institutional investors and hedge funds.

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.