Polar Power (NASDAQ:POLA) Coverage Initiated by Analysts at StockNews.com

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

Polar Power Price Performance

Shares of NASDAQ:POLA opened at $3.30 on Tuesday. The stock has a market cap of $8.28 million, a price-to-earnings ratio of -1.43 and a beta of 0.94. The company has a 50 day moving average of $3.27 and a 200-day moving average of $3.12. Polar Power has a one year low of $2.24 and a one year high of $5.95.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. boosted its stake in Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,009,123 shares of the utilities provider’s stock after purchasing an additional 210,000 shares during the quarter. Bard Associates Inc. owned about 17.14% of Polar Power worth $1,435,000 as of its most recent SEC filing. 26.10% of the stock is currently owned by 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.