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

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

Polar Power Price Performance

Shares of Polar Power stock opened at $3.27 on Monday. The firm has a market cap of $8.21 million, a price-to-earnings ratio of -1.42 and a beta of 0.95. The stock has a 50-day simple moving average of $3.08 and a 200-day simple moving average of $3.13. Polar Power has a 52-week low of $2.24 and a 52-week high of $4.90.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. increased its holdings in Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period. Institutional investors own 26.10% of the company’s stock.

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.