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

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

Polar Power Stock Down 1.9 %

NASDAQ:POLA opened at $3.11 on Tuesday. Polar Power has a 52 week low of $2.24 and a 52 week high of $4.90. The stock’s fifty day moving average is $3.06 and its two-hundred day moving average is $3.13. The stock has a market capitalization of $7.81 million, a price-to-earnings ratio of -1.35 and a beta of 0.95.

Hedge Funds Weigh In On Polar Power

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% during the 3rd quarter, according to its most recent disclosure with the 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 about 17.14% of Polar Power worth $1,435,000 as of its most recent filing with the SEC. 26.10% of the stock is owned by institutional investors and hedge funds.

About Polar Power

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.