StockNews.com Initiates Coverage on Polar Power (NASDAQ:POLA)

StockNews.com began coverage on shares of Polar Power (NASDAQ:POLAFree Report) in a report issued on Sunday morning. The brokerage issued a sell rating on the utilities provider’s stock.

Polar Power Stock Performance

Shares of Polar Power stock opened at $0.47 on Friday. Polar Power has a 52-week low of $0.32 and a 52-week high of $1.88. The stock’s 50-day simple moving average is $0.42 and its 200 day simple moving average is $0.62.

Institutional Investors Weigh In On Polar Power

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bard Associates Inc. grew its holdings in Polar Power by 802.2% during the 4th quarter. Bard Associates Inc. now owns 2,806,023 shares of the utilities provider’s stock valued at $1,140,000 after buying an additional 2,495,000 shares in the last quarter. Baird Financial Group Inc. grew its stake in Polar Power by 3.8% during the third quarter. Baird Financial Group Inc. now owns 316,055 shares of the utilities provider’s stock valued at $781,000 after acquiring an additional 11,600 shares in the last quarter. Vanguard Group Inc. increased its holdings in Polar Power by 87.0% during the 3rd quarter. Vanguard Group Inc. now owns 232,896 shares of the utilities provider’s stock worth $575,000 after acquiring an additional 108,367 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in Polar Power by 5.7% in the 1st quarter. Renaissance Technologies LLC now owns 107,385 shares of the utilities provider’s stock worth $344,000 after purchasing an additional 5,785 shares in the last quarter. Institutional investors own 26.10% of the company’s stock.

Polar Power Company Profile

(Get Free Report)

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.

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