Polar Power (NASDAQ:POLA) Coverage Initiated at StockNews.com

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

Polar Power Price Performance

Shares of POLA opened at $0.48 on Friday. The firm has a 50 day simple moving average of $0.46 and a two-hundred day simple moving average of $0.44. Polar Power has a one year low of $0.32 and a one year high of $0.96. The company has a market cap of $8.48 million, a P/E ratio of -1.02 and a beta of 0.94.

Polar Power (NASDAQ:POLA) last posted its earnings results on Wednesday, August 14th. The utilities provider reported $0.03 EPS for the quarter. The firm had revenue of $4.66 million during the quarter. Polar Power had a negative net margin of 55.56% and a negative return on equity of 52.52%.

Institutional Trading of Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. grew its position in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,009,123 shares of the utilities provider’s stock after purchasing 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. 26.10% of the stock is owned by institutional investors and hedge funds.

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.