Polar Power (NASDAQ:POLA) Receives New Coverage from Analysts at StockNews.com

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

Polar Power Stock Up 17.5 %

Shares of NASDAQ POLA opened at $0.52 on Monday. The company has a market capitalization of $6.70 million, a PE ratio of -0.98 and a beta of 0.90. Polar Power has a twelve month low of $0.32 and a twelve month high of $1.19. The firm has a fifty day simple moving average of $0.42 and a 200 day simple moving average of $0.44.

Polar Power (NASDAQ:POLA) last released its quarterly earnings data on Wednesday, August 14th. The utilities provider reported $0.03 earnings per share for the quarter. Polar Power had a negative net margin of 55.56% and a negative return on equity of 52.52%. The company had revenue of $4.66 million during the quarter.

Hedge Funds Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. boosted its position in Polar Power, Inc. (NASDAQ:POLA) by 802.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 SEC filing. 26.10% of the stock is currently owned by hedge funds and other institutional investors.

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.