Polar Power (NASDAQ:POLA) Research Coverage Started at StockNews.com

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

Polar Power Price Performance

Polar Power stock opened at $0.46 on Friday. The stock has a market cap of $8.04 million, a price-to-earnings ratio of -1.03 and a beta of 0.94. The firm has a 50-day moving average of $0.46 and a two-hundred day moving average of $0.44. Polar Power has a 1 year low of $0.32 and a 1 year high of $0.96.

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

Institutional Investors Weigh In On Polar Power

A hedge fund recently raised its position in Polar Power stock. Bard Associates Inc. grew its holdings in Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the 3rd 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 acquiring an additional 210,000 shares during the quarter. Bard Associates Inc. owned 17.14% of Polar Power worth $1,435,000 at the end of the most recent reporting period. 26.10% of the stock is owned by hedge funds and other institutional investors.

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.