StockNews.com Initiates Coverage on Polar Power (NASDAQ:POLA)

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

Polar Power Price Performance

Shares of NASDAQ:POLA traded up $0.03 on Wednesday, reaching $0.46. 19,498 shares of the company traded hands, compared to its average volume of 91,642. The company’s 50 day moving average is $0.43 and its 200-day moving average is $0.43. The stock has a market capitalization of $6.01 million, a PE ratio of -0.82 and a beta of 0.96. Polar Power has a fifty-two week low of $0.32 and a fifty-two week high of $1.58.

Polar Power (NASDAQ:POLA) last released its quarterly earnings results on Wednesday, May 15th. The utilities provider reported ($0.12) earnings per share (EPS) for the quarter. Polar Power had a negative net margin of 58.84% and a negative return on equity of 54.46%. The firm had revenue of $1.78 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. raised its holdings 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 institutional investor owned 2,806,023 shares of the utilities provider’s stock after acquiring an additional 2,495,000 shares during the quarter. Bard Associates Inc. owned approximately 21.65% of Polar Power worth $1,140,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 26.10% of the company’s stock.

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.