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

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

Polar Power Price Performance

NASDAQ:POLA opened at $3.11 on Tuesday. The company’s 50-day moving average is $3.06 and its two-hundred day moving average is $3.13. Polar Power has a 1-year low of $2.24 and a 1-year high of $4.90. The firm has a market capitalization of $7.81 million, a price-to-earnings ratio of -1.35 and a beta of 0.95.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. lifted its holdings in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,009,123 shares of the utilities provider’s stock after purchasing an additional 210,000 shares during the quarter. Bard Associates Inc. owned about 17.14% of Polar Power worth $1,435,000 as of its most recent filing with the Securities and Exchange Commission. 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.