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

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

Polar Power Price Performance

NASDAQ POLA opened at $0.38 on Thursday. Polar Power has a 12 month low of $0.32 and a 12 month high of $1.88. The firm has a market capitalization of $4.95 million, a PE ratio of -0.76 and a beta of 0.95. The company’s 50 day simple moving average is $0.43 and its 200 day simple moving average is $0.51.

Polar Power (NASDAQ:POLA) last issued its earnings results on Monday, April 1st. The utilities provider reported ($0.24) earnings per share for the quarter. Polar Power had a negative return on equity of 42.47% and a negative net margin of 42.82%. The business had revenue of $3.61 million for the quarter.

Institutional Investors Weigh In On Polar Power

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

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.