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

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

Polar Power Stock Up 3.1 %

Shares of NASDAQ POLA opened at $2.98 on Monday. Polar Power has a twelve month low of $1.78 and a twelve month high of $4.90. The firm has a market cap of $7.48 million, a P/E ratio of -1.29 and a beta of 0.89. The company has a 50 day moving average of $3.00 and a 200 day moving average of $3.07.

Hedge Funds Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. increased its position in Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 at the end of the most recent reporting period. 26.10% of the stock is owned by institutional investors and hedge funds.

Polar Power Company Profile

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.