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

Analysts at StockNews.com started coverage on shares of Polar Power (NASDAQ:POLA) in a research note issued to investors on Saturday. The brokerage set a “sell” rating on the utilities provider’s stock.

Polar Power Stock Performance

Shares of POLA stock opened at $0.39 on Friday. Polar Power has a fifty-two week low of $0.32 and a fifty-two week high of $1.44. The stock has a market capitalization of $5.08 million, a P/E ratio of -0.74 and a beta of 0.90. The company has a 50 day moving average price of $0.44 and a 200 day moving average price of $0.43.

Polar Power (NASDAQ:POLA) last issued its earnings results on Wednesday, August 14th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter. Polar Power had a negative net margin of 55.56% and a negative return on equity of 52.52%. The business had revenue of $4.66 million during the quarter.

Hedge Funds 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 802.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 21.65% of Polar Power worth $1,140,000 at the end of the most recent quarter. 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.