Polar Power (NASDAQ:POLA) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Polar Power (NASDAQ:POLA) in a research report issued on Tuesday. The firm set a “sell” rating on the utilities provider’s stock.

Polar Power Stock Down 2.7 %

Shares of POLA stock opened at $2.87 on Tuesday. Polar Power has a 12 month low of $2.24 and a 12 month high of $5.95. The company has a market cap of $7.20 million, a PE ratio of -1.24 and a beta of 0.94. The business’s 50 day moving average is $3.28 and its two-hundred day moving average is $3.13.

Institutional Trading of Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. grew its holdings in Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,009,123 shares of the utilities provider’s stock after buying an additional 210,000 shares during the quarter. Bard Associates Inc. owned 17.14% of Polar Power worth $1,435,000 as of its most recent filing with the SEC. 26.10% of the stock is currently owned by hedge funds and other institutional investors.

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.