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

Investment analysts at StockNews.com started coverage on shares of Polar Power (NASDAQ:POLA) in a research report issued on Thursday. The firm set a “sell” rating on the utilities provider’s stock.

Polar Power Trading Down 2.7 %

Shares of NASDAQ POLA opened at $2.84 on Thursday. Polar Power has a twelve month low of $2.28 and a twelve month high of $4.90. The firm has a 50-day moving average of $3.03 and a two-hundred day moving average of $3.08. The company has a market capitalization of $7.13 million, a price-to-earnings ratio of -1.23 and a beta of 0.95.

Institutional Trading of Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. raised its holdings in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,009,123 shares of the utilities provider’s stock after buying an additional 210,000 shares during the period. Bard Associates Inc. owned about 17.14% of Polar Power worth $1,435,000 as of its most recent SEC filing. 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.