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

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

Polar Power Price Performance

POLA stock opened at $2.83 on Friday. Polar Power has a 12-month low of $2.31 and a 12-month high of $4.90. The stock has a 50-day moving average price of $3.01 and a two-hundred day moving average price of $3.07.

Institutional Investors Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. raised its position in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% during the 3rd quarter, according to its most recent disclosure 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 quarter. Bard Associates Inc. owned about 17.14% of Polar Power worth $1,435,000 at the end of the most recent quarter. 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.