StockNews.com Initiates Coverage on Polar Power (NASDAQ:POLA)

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

Polar Power Price Performance

POLA stock opened at $0.37 on Friday. The stock has a market capitalization of $4.74 million, a price-to-earnings ratio of -0.73 and a beta of 0.95. The company has a 50-day moving average of $0.43 and a two-hundred day moving average of $0.50. Polar Power has a 52-week low of $0.32 and a 52-week high of $1.88.

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

Hedge Funds Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. grew its stake in Polar Power, Inc. (NASDAQ:POLA) by 802.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,806,023 shares of the utilities provider’s stock after purchasing an additional 2,495,000 shares during the period. Bard Associates Inc. owned about 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.