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

StockNews.com started coverage on shares of Polar Power (NASDAQ:POLA) in a research note issued to investors on Wednesday morning. The brokerage issued a sell rating on the utilities provider’s stock.

Polar Power Price Performance

POLA stock opened at $0.35 on Wednesday. Polar Power has a 12 month low of $0.32 and a 12 month high of $1.88. The company’s 50-day moving average price is $0.44 and its two-hundred day moving average price is $0.54.

Polar Power (NASDAQ:POLA) last posted its quarterly earnings results on Monday, April 1st. The utilities provider reported ($0.24) earnings per share for the quarter. Polar Power had a negative net margin of 42.82% and a negative return on equity of 42.47%. The company had revenue of $3.61 million during the quarter.

Institutional Investors Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. grew its stake in Polar Power, Inc. (NASDAQ:POLA) by 802.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,806,023 shares of the utilities provider’s stock after purchasing an additional 2,495,000 shares during the period. Bard Associates Inc. owned about 21.65% of Polar Power worth $1,140,000 as of its most recent filing with the Securities and Exchange Commission. 26.10% of the stock is currently owned by 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.