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

StockNews.com initiated coverage on shares of Polar Power (NASDAQ:POLA) in a research report sent to investors on Saturday. The firm issued a sell rating on the utilities provider’s stock.

Polar Power Trading Down 1.7 %

Shares of NASDAQ POLA opened at $2.90 on Friday. Polar Power has a 12-month low of $2.31 and a 12-month high of $4.90. The stock’s 50 day simple moving average is $3.02 and its 200 day simple moving average is $3.08. The company has a market cap of $7.28 million, a price-to-earnings ratio of -1.26 and a beta of 0.95.

Institutional Investors Weigh In On Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. boosted its holdings in Polar Power, Inc. (NASDAQ:POLA) by 7.5% during the 3rd quarter, according to the company in its most recent 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 quarter. Bard Associates Inc. owned 17.14% of Polar Power worth $1,435,000 at the end of the most recent quarter. Institutional investors own 26.10% of the company’s stock.

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.