StockNews.com Begins Coverage on Polar Power (NASDAQ:POLA)

Analysts at StockNews.com assumed coverage on shares of Polar Power (NASDAQ:POLA) in a research note issued to investors on Saturday. The brokerage set a “sell” rating on the utilities provider’s stock.

Polar Power Price Performance

NASDAQ POLA opened at $2.78 on Friday. Polar Power has a one year low of $2.24 and a one year high of $4.90. The firm has a market cap of $6.98 million, a P/E ratio of -1.20 and a beta of 0.95. The stock’s 50-day moving average is $3.03 and its 200-day moving average is $3.08.

Institutional Investors Weigh In On Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. boosted 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 13F filing with the Securities and Exchange Commission. The institutional investor 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. 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.