Polar Power (NASDAQ:POLA) Coverage Initiated by Analysts at StockNews.com

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

Polar Power Trading Down 5.2 %

Shares of NASDAQ:POLA opened at $3.31 on Friday. The stock has a market capitalization of $8.31 million, a P/E ratio of -1.43 and a beta of 0.95. The stock’s 50-day moving average price is $3.05 and its 200-day moving average price is $3.10. Polar Power has a 12-month low of $2.24 and a 12-month high of $4.90.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. boosted its holdings 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 and Exchange Commission (SEC). The firm 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 about 17.14% of Polar Power worth $1,435,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 26.10% of the company’s stock.

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.