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

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

Polar Power Stock Performance

Shares of NASDAQ POLA opened at $0.39 on Monday. Polar Power has a twelve month low of $0.32 and a twelve month high of $0.85. The stock’s 50 day moving average price is $0.47 and its 200-day moving average price is $0.44.

Hedge Funds Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. boosted its position in Polar Power, Inc. (NASDAQ:POLA) by 7.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,009,123 shares of the utilities provider’s stock after purchasing an additional 210,000 shares during the period. Bard Associates Inc. owned about 17.14% of Polar Power worth $1,435,000 as of its most recent SEC filing. 26.10% of the stock is currently owned by 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.