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

Investment analysts at StockNews.com initiated coverage on shares of Polar Power (NASDAQ:POLA) in a note issued to investors on Monday. The brokerage set a “sell” rating on the utilities provider’s stock.

Polar Power Price Performance

Shares of POLA stock opened at $2.83 on Monday. Polar Power has a one year low of $1.78 and a one year high of $4.90. The stock has a market cap of $7.10 million, a P/E ratio of -1.23 and a beta of 0.89. The company has a fifty day moving average price of $2.99 and a two-hundred day moving average price of $3.07.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. boosted its position in Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (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 at the end of the most recent reporting period. 26.10% of the stock is currently owned by institutional investors and hedge funds.

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.