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

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

Polar Power Trading Up 3.4 %

NASDAQ:POLA opened at $3.00 on Wednesday. Polar Power has a one year low of $2.24 and a one year high of $4.90. The business’s 50-day simple moving average is $3.05 and its 200 day simple moving average is $3.11.

Institutional Trading of 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% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,009,123 shares of the utilities provider’s stock after acquiring an additional 210,000 shares during the quarter. Bard Associates Inc. owned approximately 17.14% of Polar Power worth $1,435,000 at the end of the most recent quarter. 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.