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

StockNews.com assumed coverage on shares of Polar Power (NASDAQ:POLA) in a report released on Saturday. The brokerage issued a sell rating on the utilities provider’s stock.

Polar Power Price Performance

Shares of POLA opened at $3.38 on Friday. The company has a market cap of $8.48 million, a PE ratio of -1.46 and a beta of 0.95. The firm has a 50-day moving average of $3.03 and a 200-day moving average of $3.09. Polar Power has a one year low of $2.24 and a one year high of $4.90.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. raised its holdings in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 approximately 17.14% of Polar Power worth $1,435,000 at the end of the most recent reporting period. Institutional investors own 26.10% of the company’s stock.

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.