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

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

Polar Power Price Performance

POLA stock opened at $2.60 on Thursday. Polar Power has a 1-year low of $2.24 and a 1-year high of $4.90. The business has a 50-day moving average price of $3.17 and a 200 day moving average price of $3.09. The company has a market capitalization of $6.53 million, a P/E ratio of -1.13 and a beta of 0.95.

Hedge Funds Weigh In On Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. raised its stake in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,009,123 shares of the utilities provider’s stock after acquiring an additional 210,000 shares during the quarter. Bard Associates Inc. owned approximately 17.14% of Polar Power worth $1,435,000 at the end of the most recent reporting period. 26.10% of the stock is currently owned by institutional investors.

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.