StockNews.com Initiates Coverage on Polar Power (NASDAQ:POLA)

Analysts at StockNews.com initiated coverage on shares of Polar Power (NASDAQ:POLA) in a report issued on Sunday. The brokerage set a “sell” rating on the utilities provider’s stock.

Polar Power Stock Performance

Polar Power stock opened at $0.43 on Friday. Polar Power has a fifty-two week low of $0.32 and a fifty-two week high of $1.24. The firm has a 50 day moving average price of $0.44 and a 200 day moving average price of $0.43. The company has a market capitalization of $5.57 million, a PE ratio of -0.81 and a beta of 0.90.

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

Institutional Investors 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) by 802.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,806,023 shares of the utilities provider’s stock after purchasing an additional 2,495,000 shares during the period. Bard Associates Inc. owned about 21.65% of Polar Power worth $1,140,000 at the end of the most recent reporting period. Hedge funds and other 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.