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

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

Polar Power Stock Performance

Shares of POLA stock opened at $2.95 on Wednesday. The firm has a market capitalization of $7.40 million, a price-to-earnings ratio of -1.28 and a beta of 0.95. Polar Power has a one year low of $2.24 and a one year high of $4.90. The company has a 50 day moving average price of $3.22 and a 200 day moving average price of $3.11.

Institutional Investors Weigh In On Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. lifted its position 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 firm 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 about 17.14% of Polar Power worth $1,435,000 as of its most recent filing with the SEC. 26.10% of the stock is 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.