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

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

Polar Power Price Performance

Shares of POLA opened at $0.47 on Friday. The firm has a market capitalization of $8.25 million, a price-to-earnings ratio of -1.00 and a beta of 0.94. The company has a 50-day moving average of $0.46 and a 200 day moving average of $0.44. Polar Power has a 1-year low of $0.32 and a 1-year high of $0.96.

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

Institutional Investors Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. increased its holdings in Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,009,123 shares of the utilities provider’s stock after buying 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 filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 26.10% of the company’s stock.

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.