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

Analysts at StockNews.com started coverage on shares of Polar Power (NASDAQ:POLA) in a report released on Tuesday. The firm set a “sell” rating on the utilities provider’s stock.

Polar Power Trading Down 0.6 %

Shares of POLA stock opened at $3.17 on Tuesday. The firm has a market capitalization of $7.96 million, a price-to-earnings ratio of -1.37 and a beta of 0.95. The business’s 50-day moving average price is $3.06 and its 200-day moving average price is $3.13. Polar Power has a 12 month low of $2.24 and a 12 month 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. boosted its holdings in Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,009,123 shares of the utilities provider’s stock after purchasing an additional 210,000 shares during the quarter. Bard Associates Inc. owned about 17.14% of Polar Power worth $1,435,000 at the end of the most recent quarter. 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.