Polar Power (NASDAQ:POLA) Receives New Coverage from Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Polar Power (NASDAQ:POLA) in a research report issued on Tuesday. The firm set a “sell” rating on the utilities provider’s stock.

Polar Power Price Performance

Shares of Polar Power stock opened at $0.38 on Tuesday. The business has a 50 day simple moving average of $0.44 and a two-hundred day simple moving average of $0.58. Polar Power has a 12 month low of $0.32 and a 12 month high of $1.88. The stock has a market capitalization of $4.87 million, a P/E ratio of -0.75 and a beta of 0.82.

Hedge Funds Weigh In On Polar Power

A number of hedge funds have recently made changes to their positions in POLA. Bard Associates Inc. increased its holdings in shares of Polar Power by 802.2% in the fourth quarter. Bard Associates Inc. now owns 2,806,023 shares of the utilities provider’s stock valued at $1,140,000 after purchasing an additional 2,495,000 shares during the last quarter. Baird Financial Group Inc. raised its position in Polar Power by 3.8% in the third quarter. Baird Financial Group Inc. now owns 316,055 shares of the utilities provider’s stock valued at $781,000 after purchasing an additional 11,600 shares during the period. Vanguard Group Inc. raised its position in Polar Power by 87.0% in the third quarter. Vanguard Group Inc. now owns 232,896 shares of the utilities provider’s stock valued at $575,000 after purchasing an additional 108,367 shares during the period. Finally, Renaissance Technologies LLC raised its position in Polar Power by 5.7% in the first quarter. Renaissance Technologies LLC now owns 107,385 shares of the utilities provider’s stock valued at $344,000 after purchasing an additional 5,785 shares during the period. Institutional investors and hedge funds 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.