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

Stock analysts at StockNews.com initiated coverage on shares of Polar Power (NASDAQ:POLA) in a report released on Saturday. The firm set a “sell” rating on the utilities provider’s stock.

Polar Power Price Performance

NASDAQ POLA opened at $2.78 on Friday. The firm’s 50 day moving average is $3.03 and its 200-day moving average is $3.08. The company has a market capitalization of $6.98 million, a PE ratio of -1.20 and a beta of 0.95. Polar Power has a 12-month low of $2.24 and a 12-month high of $4.90.

Institutional Trading of Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. boosted its stake in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC. 26.10% of the stock is currently owned by hedge funds and other institutional investors.

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.