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

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

Polar Power Stock Up 2.5 %

NASDAQ:POLA opened at $2.87 on Thursday. Polar Power has a fifty-two week low of $2.28 and a fifty-two week high of $4.90. The stock has a market cap of $7.20 million, a PE ratio of -1.24 and a beta of 0.95. The firm’s fifty day simple moving average is $3.03 and its 200-day simple moving average is $3.09.

Institutional Investors Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. increased its holdings in Polar Power, Inc. (NASDAQ:POLA) by 7.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,009,123 shares of the utilities provider’s stock after buying an additional 210,000 shares during the period. Bard Associates Inc. owned about 17.14% of Polar Power worth $1,435,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 26.10% of the company’s stock.

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.