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

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

Polar Power Price Performance

Polar Power stock opened at $3.31 on Friday. The company has a market cap of $8.31 million, a price-to-earnings ratio of -1.43 and a beta of 0.95. The firm has a 50-day moving average of $3.05 and a 200-day moving average of $3.10. Polar Power has a one year low of $2.24 and a one year high of $4.90.

Institutional Investors Weigh In On Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. grew its position in Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,009,123 shares of the utilities provider’s stock after acquiring an additional 210,000 shares during the period. Bard Associates Inc. owned about 17.14% of Polar Power worth $1,435,000 at the end of the most recent quarter. 26.10% of the stock is currently owned by 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.