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

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

Polar Power Stock Down 14.6 %

Shares of Polar Power stock opened at $0.39 on Monday. Polar Power has a one year low of $0.32 and a one year high of $0.85. The business has a 50-day simple moving average of $0.47 and a 200 day simple moving average of $0.44.

Hedge Funds Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. raised its stake in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the third quarter, according to its most recent 13F filing with the SEC. 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 approximately 17.14% of Polar Power worth $1,435,000 as of its most recent SEC filing. 26.10% of the stock is owned by institutional investors.

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.