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 research note issued on Friday. The firm set a “sell” rating on the utilities provider’s stock.

Polar Power Price Performance

NASDAQ:POLA opened at $0.42 on Friday. The company has a market capitalization of $5.44 million, a price-to-earnings ratio of -0.79 and a beta of 0.96. The business has a 50 day moving average of $0.44 and a 200 day moving average of $0.43. Polar Power has a 1-year low of $0.32 and a 1-year high of $1.53.

Hedge Funds Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. boosted its stake in shares of Polar Power, Inc. (NASDAQ:POLA) by 802.2% in the 4th quarter, according to its most recent filing 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 21.65% of Polar Power worth $1,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 26.10% of the stock is owned by hedge funds and other institutional investors.

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.