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

StockNews.com assumed coverage on shares of Polar Power (NASDAQ:POLA) in a research note released on Friday morning. The firm issued a sell rating on the utilities provider’s stock.

Polar Power Trading Down 2.4 %

Shares of POLA stock opened at $2.87 on Friday. Polar Power has a 12 month low of $2.24 and a 12 month high of $4.90. The company has a market capitalization of $7.20 million, a P/E ratio of -1.24 and a beta of 0.95. The stock has a 50 day moving average of $3.07 and a two-hundred day moving average of $3.08.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. raised its position in 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 institutional investor owned 3,009,123 shares of the utilities provider’s stock after buying 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. Hedge funds and other 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.