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

StockNews.com began coverage on shares of Polar Power (NASDAQ:POLA) in a report published on Saturday morning. The brokerage issued a sell rating on the utilities provider’s stock.

Polar Power Price Performance

POLA opened at $0.55 on Friday. Polar Power has a fifty-two week low of $0.32 and a fifty-two week high of $1.58. The stock has a fifty day moving average of $0.44 and a 200-day moving average of $0.42.

Polar Power (NASDAQ:POLA) last posted its earnings results on Wednesday, May 15th. The utilities provider reported ($0.12) earnings per share for the quarter. Polar Power had a negative return on equity of 54.46% and a negative net margin of 58.84%. The firm had revenue of $1.78 million for the quarter.

Institutional Trading of Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. increased its stake in Polar Power, Inc. (NASDAQ:POLA) by 802.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,806,023 shares of the utilities provider’s stock after acquiring an additional 2,495,000 shares during the quarter. Bard Associates Inc. owned about 21.65% of Polar Power worth $1,140,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 26.10% of the company’s stock.

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.