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

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

Polar Power Stock Performance

NASDAQ:POLA opened at $0.42 on Friday. Polar Power has a fifty-two week low of $0.32 and a fifty-two week high of $1.24. The company has a 50 day moving average price of $0.43 and a 200 day moving average price of $0.43. The stock has a market capitalization of $5.46 million, a P/E ratio of -0.79 and a beta of 0.90.

Polar Power (NASDAQ:POLA) last released its quarterly earnings results on Wednesday, August 14th. The utilities provider reported $0.03 EPS for the quarter. Polar Power had a negative return on equity of 52.52% and a negative net margin of 55.56%. 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. lifted its holdings in shares of Polar Power, Inc. (NASDAQ:POLA) by 802.2% during the 4th quarter, according to its most recent disclosure with the 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 about 21.65% of Polar Power worth $1,140,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 26.10% of the company’s stock.

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.