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

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

Polar Power Stock Down 0.9 %

POLA opened at $3.30 on Monday. The company has a market capitalization of $8.28 million, a PE ratio of -1.43 and a beta of 0.95. The firm has a 50-day simple moving average of $3.08 and a two-hundred day simple moving average of $3.12. Polar Power has a 52 week low of $2.24 and a 52 week high of $4.90.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. grew its holdings in Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. 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 Securities & Exchange Commission. 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.