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

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

Polar Power Stock Performance

Polar Power stock opened at $0.46 on Friday. Polar Power has a 1 year low of $0.32 and a 1 year high of $1.58. The firm’s 50-day moving average is $0.45 and its 200-day moving average is $0.43.

Polar Power (NASDAQ:POLA) last issued its earnings results on Wednesday, May 15th. The utilities provider reported ($0.12) earnings per share (EPS) for the quarter. Polar Power had a negative return on equity of 54.46% and a negative net margin of 58.84%. The business had revenue of $1.78 million during the quarter.

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 802.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,806,023 shares of the utilities provider’s stock after acquiring an additional 2,495,000 shares during the period. Bard Associates Inc. owned 21.65% of Polar Power worth $1,140,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 26.10% of the company’s stock.

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.