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

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

Polar Power Stock Up 4.9 %

Shares of POLA stock opened at $0.40 on Wednesday. Polar Power has a 12-month low of $0.32 and a 12-month high of $1.58. The firm has a fifty day moving average of $0.41 and a 200-day moving average of $0.42. The company has a market capitalization of $5.18 million, a price-to-earnings ratio of -0.75 and a beta of 0.95.

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

Institutional Investors Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. grew its holdings in Polar Power, Inc. (NASDAQ:POLA) by 802.2% during the fourth quarter, according to its most recent disclosure with the Securities & 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 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.