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

Stock analysts at StockNews.com initiated coverage on shares of Polar Power (NASDAQ:POLA) in a report issued on Tuesday. The brokerage set a “sell” rating on the utilities provider’s stock.

Polar Power Trading Down 0.6 %

Shares of NASDAQ:POLA opened at $3.27 on Tuesday. The firm has a 50 day moving average of $3.06 and a 200-day moving average of $3.13. Polar Power has a 12 month low of $2.24 and a 12 month high of $4.90. The stock has a market capitalization of $8.21 million, a PE ratio of -1.42 and a beta of 0.95.

Hedge Funds Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. grew its holdings in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,009,123 shares of the utilities provider’s stock after acquiring an additional 210,000 shares during the period. Bard Associates Inc. owned about 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.