StockNews.com Begins Coverage on Polar Power (NASDAQ:POLA)

Stock analysts at StockNews.com assumed coverage on shares of Polar Power (NASDAQ:POLAGet Free Report) in a report released on Wednesday. The brokerage set a “sell” rating on the utilities provider’s stock.

Polar Power Stock Performance

Shares of Polar Power stock opened at $0.38 on Wednesday. The company has a market capitalization of $4.89 million, a P/E ratio of -0.71 and a beta of 0.96. The stock has a fifty day simple moving average of $0.43 and a 200 day simple moving average of $0.43. Polar Power has a 12-month low of $0.32 and a 12-month high of $1.58.

Polar Power (NASDAQ:POLAGet Free Report) last posted its earnings results on Wednesday, May 15th. The utilities provider reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $1.78 million during the quarter. Polar Power had a negative return on equity of 54.46% and a negative net margin of 58.84%.

Institutional Trading of Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. lifted its holdings in shares of Polar Power, Inc. (NASDAQ:POLAFree Report) by 802.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,806,023 shares of the utilities provider’s stock after purchasing an additional 2,495,000 shares during the period. Bard Associates Inc. owned about 21.65% of Polar Power worth $1,140,000 at the end of the most recent reporting period. 26.10% of the stock is owned by institutional investors and hedge funds.

Polar Power Company Profile

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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.

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