Polar Power (NASDAQ:POLA) Earns Sell Rating from Analysts at StockNews.com

Research 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 Trading Down 5.2 %

Shares of NASDAQ POLA opened at $3.31 on Friday. The firm has a market cap of $8.31 million, a P/E ratio of -1.43 and a beta of 0.95. The business’s 50 day moving average is $3.05 and its 200-day moving average is $3.10. Polar Power has a 1-year low of $2.24 and a 1-year high of $4.90.

Institutional Investors Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. increased its holdings in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,009,123 shares of the utilities provider’s stock after acquiring an additional 210,000 shares during the quarter. Bard Associates Inc. owned about 17.14% of Polar Power worth $1,435,000 as of its most recent filing with the SEC. 26.10% of the stock is currently 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.