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

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

Polar Power Stock Performance

Shares of NASDAQ:POLA opened at $2.87 on Friday. The stock has a market capitalization of $7.20 million, a price-to-earnings ratio of -1.24 and a beta of 0.95. Polar Power has a 1-year low of $2.24 and a 1-year high of $4.90. The company has a 50 day moving average price of $3.07 and a 200 day moving average price of $3.08.

Institutional Investors Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. increased its stake in Polar Power, Inc. (NASDAQ:POLA) by 7.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,009,123 shares of the utilities provider’s stock after purchasing an additional 210,000 shares during the quarter. Bard Associates Inc. owned approximately 17.14% of Polar Power worth $1,435,000 as of its most recent filing with the Securities and Exchange Commission. 26.10% of the stock is currently owned by hedge funds and other 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.