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

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

Polar Power Stock Performance

POLA opened at $3.00 on Monday. Polar Power has a fifty-two week low of $2.24 and a fifty-two week high of $5.95. The firm has a 50-day moving average of $3.27 and a 200 day moving average of $3.11. The firm has a market cap of $52.59 million, a P/E ratio of -8.45 and a beta of 0.94.

Institutional Investors Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. grew its position in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,009,123 shares of the utilities provider’s stock after buying an additional 210,000 shares during the period. Bard Associates Inc. owned 17.14% of Polar Power worth $1,435,000 at the end of the most recent reporting period. 26.10% of the stock is currently owned by institutional investors and hedge funds.

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.