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 note issued to investors on Wednesday. The brokerage set a “sell” rating on the utilities provider’s stock.

Polar Power Price Performance

NASDAQ POLA opened at $2.95 on Wednesday. The company’s 50 day simple moving average is $3.06 and its 200 day simple moving average is $3.11. Polar Power has a 12 month low of $2.24 and a 12 month high of $4.90. The company has a market capitalization of $7.39 million, a P/E ratio of -1.28 and a beta of 0.95.

Institutional Trading of 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 third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 17.14% of Polar Power worth $1,435,000 at the end of the most recent quarter. 26.10% of the stock is currently owned by institutional investors and hedge funds.

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.