Polar Power (NASDAQ:POLA) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Polar Power (NASDAQ:POLA) in a note issued to investors on Friday. The brokerage set a “sell” rating on the utilities provider’s stock.

Polar Power Trading Up 6.9 %

POLA stock opened at $2.94 on Friday. Polar Power has a one year low of $2.24 and a one year high of $4.90. The firm has a 50-day moving average of $3.08 and a two-hundred day moving average of $3.08. The firm has a market capitalization of $7.38 million, a PE ratio of -1.27 and a beta of 0.95.

Institutional Trading of Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. lifted its stake in Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 17.14% of Polar Power worth $1,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other 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.