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

Posted by Jessica Moore on Aug 10th, 2024

StockNews.com began coverage on shares of Polar Power (NASDAQ:POLA – Free Report) in a report published on Tuesday. The brokerage issued a sell rating on the utilities provider’s stock.

Polar Power Stock Up 6.3 %

Shares of NASDAQ:POLA traded up $0.02 during trading on Tuesday, hitting $0.41. The stock had a trading volume of 71,379 shares, compared to its average volume of 126,863. The company has a market capitalization of $5.31 million, a PE ratio of -0.77 and a beta of 0.96. The firm’s fifty day moving average is $0.43 and its 200 day moving average is $0.43. Polar Power has a 12 month low of $0.32 and a 12 month high of $1.58.

Polar Power (NASDAQ:POLA – Get Free Report) last released its earnings results on Wednesday, May 15th. The utilities provider reported ($0.12) earnings per share for the quarter. The company had revenue of $1.78 million for the quarter. Polar Power had a negative net margin of 58.84% and a negative return on equity of 54.46%.

Hedge Funds Weigh In On Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. lifted its position in shares of Polar Power, Inc. (NASDAQ:POLA – Free Report) by 802.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,806,023 shares of the utilities provider’s stock after buying an additional 2,495,000 shares during the quarter. Bard Associates Inc. owned approximately 21.65% of Polar Power worth $1,140,000 at the end of the most recent quarter. Institutional investors and hedge funds own 26.10% of the company’s stock.

Polar Power Company Profile

(Get Free Report)

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.