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

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

Polar Power Stock Performance

POLA opened at $0.34 on Wednesday. Polar Power has a fifty-two week low of $0.32 and a fifty-two week high of $1.88. The company has a fifty day moving average of $0.44 and a two-hundred day moving average of $0.55. The stock has a market capitalization of $4.41 million, a price-to-earnings ratio of -0.68 and a beta of 0.82.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. raised its position in Polar Power, Inc. (NASDAQ:POLA) by 802.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,806,023 shares of the utilities provider’s stock after buying an additional 2,495,000 shares during the period. Bard Associates Inc. owned about 21.65% of Polar Power worth $1,140,000 at the end of the most recent quarter. 26.10% of the stock is owned by institutional investors and hedge funds.

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.