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

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

Polar Power Stock Performance

NASDAQ POLA opened at $2.97 on Wednesday. The stock has a market capitalization of $7.45 million, a price-to-earnings ratio of -1.29 and a beta of 0.95. The stock’s 50 day moving average price is $3.25 and its two-hundred day moving average price is $3.12. Polar Power has a 52 week low of $2.24 and a 52 week high of $4.90.

Institutional Investors Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. lifted its stake in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,009,123 shares of the utilities provider’s stock after purchasing an additional 210,000 shares during the period. Bard Associates Inc. owned 17.14% of Polar Power worth $1,435,000 at the end of the most recent quarter. 26.10% of the stock is currently owned by 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.