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

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

Polar Power Stock Down 6.5 %

Shares of NASDAQ:POLA opened at $0.39 on Friday. The business has a 50 day moving average price of $0.44 and a 200 day moving average price of $0.43. Polar Power has a twelve month low of $0.32 and a twelve month high of $1.44. The company has a market cap of $5.09 million, a price-to-earnings ratio of -0.74 and a beta of 0.91.

Institutional Trading of Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. boosted its holdings in shares of Polar Power, Inc. (NASDAQ:POLA) by 802.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,806,023 shares of the utilities provider’s stock after purchasing 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 quarter. Institutional investors 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.