Polar Power (NASDAQ:POLA) Coverage Initiated by Analysts at StockNews.com

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

Polar Power Stock Down 6.0 %

Shares of NASDAQ:POLA opened at $0.37 on Friday. The company has a market capitalization of $4.74 million, a P/E ratio of -0.73 and a beta of 0.95. Polar Power has a 52-week low of $0.32 and a 52-week high of $1.88. The stock’s fifty day simple moving average is $0.43 and its 200-day simple moving average is $0.50.

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

Institutional Trading of Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. lifted its stake in shares of Polar Power, Inc. (NASDAQ:POLA) by 802.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,806,023 shares of the utilities provider’s stock after acquiring an additional 2,495,000 shares during the period. Bard Associates Inc. owned 21.65% of Polar Power worth $1,140,000 as of its most recent SEC filing. 26.10% of the stock is 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.