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

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

Polar Power Stock Down 1.7 %

Polar Power stock opened at $2.85 on Friday. Polar Power has a 52-week low of $2.31 and a 52-week high of $4.90. The firm has a fifty day moving average of $3.02 and a 200-day moving average of $3.08. The firm has a market capitalization of $7.15 million, a P/E ratio of -1.23 and a beta of 0.95.

Institutional Investors Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. lifted its holdings in Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & 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 period. Bard Associates Inc. owned approximately 17.14% of Polar Power worth $1,435,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 26.10% of the company’s stock.

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.