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

StockNews.com started coverage on shares of Polar Power (NASDAQ:POLA) in a research note published on Tuesday. The firm issued a sell rating on the utilities provider’s stock.

Polar Power Price Performance

Polar Power stock opened at $3.01 on Tuesday. The firm has a market capitalization of $7.56 million, a PE ratio of -1.30 and a beta of 0.94. The company’s 50-day moving average is $3.27 and its 200-day moving average is $3.13. Polar Power has a fifty-two week low of $2.24 and a fifty-two week high of $5.95.

Institutional Trading of 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 7.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,009,123 shares of the utilities provider’s stock after acquiring an additional 210,000 shares during the period. Bard Associates Inc. owned approximately 17.14% of Polar Power worth $1,435,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.