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

Research analysts at StockNews.com began coverage on shares of Polar Power (NASDAQ:POLA) in a note issued to investors on Sunday. The firm set a “sell” rating on the utilities provider’s stock.

Polar Power Price Performance

Shares of Polar Power stock opened at $2.78 on Friday. The firm has a fifty day moving average price of $3.02 and a 200 day moving average price of $3.08. Polar Power has a 1 year low of $2.31 and a 1 year high of $4.90. The stock has a market cap of $6.98 million, a PE ratio of -1.20 and a beta of 0.95.

Institutional Trading of Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. grew its stake in Polar Power, Inc. (NASDAQ:POLA) by 7.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,009,123 shares of the utilities provider’s stock after purchasing an additional 210,000 shares during the quarter. Bard Associates Inc. owned approximately 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.