Polar Power (NASDAQ:POLA) Now Covered by Analysts at StockNews.com

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

Polar Power Trading Down 2.7 %

Shares of NASDAQ:POLA opened at $2.87 on Tuesday. Polar Power has a 1 year low of $2.24 and a 1 year high of $5.95. The firm has a fifty day moving average price of $3.28 and a 200 day moving average price of $3.13. The stock has a market capitalization of $7.20 million, a PE ratio of -1.24 and a beta of 0.94.

Institutional Investors Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. raised its position in shares of 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 (SEC). 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 SEC filing. 26.10% of the stock is owned by institutional investors and hedge funds.

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.