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

StockNews.com began coverage on shares of Polar Power (NASDAQ:POLA) in a research note issued to investors on Thursday. The brokerage issued a sell rating on the utilities provider’s stock.

Polar Power Stock Performance

Shares of NASDAQ:POLA opened at $0.38 on Thursday. Polar Power has a twelve month low of $0.32 and a twelve month high of $1.88. The firm’s 50 day moving average price is $0.43 and its 200-day moving average price is $0.52.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. raised its position in shares of Polar Power, Inc. (NASDAQ:POLA) by 802.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,806,023 shares of the utilities provider’s stock after purchasing 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 currently 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.