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

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

Polar Power Price Performance

POLA stock opened at $3.30 on Tuesday. The stock has a market capitalization of $8.28 million, a P/E ratio of -1.43 and a beta of 0.94. Polar Power has a fifty-two week low of $2.24 and a fifty-two week high of $5.95. The business has a 50-day moving average of $3.27 and a 200-day moving average of $3.12.

Hedge Funds Weigh In On Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. lifted its position in Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and 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 quarter. Bard Associates Inc. owned about 17.14% of Polar Power worth $1,435,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.