Polar Power (NASDAQ:POLA) Research Coverage Started at StockNews.com

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

Polar Power Stock Down 5.9 %

Shares of NASDAQ:POLA opened at $0.40 on Friday. The company has a market cap of $5.12 million, a P/E ratio of -0.75 and a beta of 0.96. Polar Power has a 12-month low of $0.32 and a 12-month high of $1.53. The company’s fifty day moving average is $0.44 and its two-hundred day moving average is $0.43.

Hedge Funds Weigh In On Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. grew its position in Polar Power, Inc. (NASDAQ:POLA) by 802.2% during the 4th quarter, according to its most recent 13F filing 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 period. Bard Associates Inc. owned about 21.65% of Polar Power worth $1,140,000 as of its most recent filing with the SEC. 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.