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

Equities researchers at StockNews.com assumed coverage on shares of Polar Power (NASDAQ:POLA) in a note issued to investors on Sunday. The firm set a “sell” rating on the utilities provider’s stock.

Polar Power Price Performance

Shares of NASDAQ:POLA opened at $3.27 on Friday. The company’s fifty day moving average price is $3.05 and its 200-day moving average price is $3.11. The firm has a market capitalization of $8.21 million, a price-to-earnings ratio of -1.42 and a beta of 0.95. Polar Power has a one year low of $2.24 and a one year high of $4.90.

Institutional Investors Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. grew its position in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 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 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.