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

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

Polar Power Price Performance

Shares of POLA opened at $2.94 on Friday. Polar Power has a 12-month low of $2.24 and a 12-month high of $4.90. The business’s fifty day moving average price is $3.08 and its 200 day moving average price is $3.08. The stock has a market capitalization of $7.38 million, a PE ratio of -1.27 and a beta of 0.95.

Institutional Investors Weigh In On Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. raised its stake in Polar Power, Inc. (NASDAQ:POLA) by 7.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,009,123 shares of the utilities provider’s stock after buying an additional 210,000 shares during the period. Bard Associates Inc. owned approximately 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.