Polar Power (NASDAQ:POLA) Earns Sell Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Polar Power (NASDAQ:POLA) in a research note issued to investors on Tuesday. The firm issued a sell rating on the utilities provider’s stock.

Polar Power Price Performance

Shares of Polar Power stock opened at $2.95 on Tuesday. The firm has a market capitalization of $7.40 million, a PE ratio of -1.28 and a beta of 0.94. The company’s fifty day moving average price is $3.28 and its two-hundred day moving average price is $3.13. Polar Power has a 52-week low of $2.24 and a 52-week high of $5.95.

Institutional Investors Weigh In On Polar Power

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