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

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

Polar Power Trading Down 3.5 %

Shares of NASDAQ:POLA opened at $2.89 on Monday. The company has a market capitalization of $50.75 million, a price-to-earnings ratio of -8.52 and a beta of 0.94. The firm’s 50-day moving average is $3.27 and its 200 day moving average is $3.12. Polar Power has a 12 month low of $2.24 and a 12 month high of $5.95.

Hedge Funds Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. lifted its holdings in Polar Power, Inc. (NASDAQ:POLA) by 7.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing. 26.10% of the stock is owned by 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.