Polar Power (NASDAQ:POLA) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Polar Power (NASDAQ:POLA) in a research report report published on Monday. The firm issued a sell rating on the utilities provider’s stock.

Polar Power Stock Performance

POLA stock opened at $0.44 on Monday. The stock has a market capitalization of $5.70 million, a price-to-earnings ratio of -0.83 and a beta of 0.90. Polar Power has a 1 year low of $0.32 and a 1 year high of $1.19. The stock’s fifty day moving average is $0.42 and its two-hundred day moving average is $0.44.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. grew its holdings in shares of Polar Power, Inc. (NASDAQ:POLA) by 802.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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 approximately 21.65% of Polar Power worth $1,140,000 at the end of the most recent reporting period. 26.10% of the stock is currently owned by institutional investors and hedge funds.

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.