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

Analysts at StockNews.com assumed coverage on shares of Polar Power (NASDAQ:POLA) in a research note issued on Monday. The brokerage set a “sell” rating on the utilities provider’s stock.

Polar Power Trading Up 4.2 %

Shares of Polar Power stock opened at $3.25 on Monday. The company has a market cap of $8.16 million, a P/E ratio of -1.41 and a beta of 0.95. The business has a 50-day moving average price of $3.08 and a two-hundred day moving average price of $3.13. Polar Power has a 1-year low of $2.24 and a 1-year high of $4.90.

Hedge Funds Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. increased its stake in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,009,123 shares of the utilities provider’s stock after acquiring an additional 210,000 shares during the quarter. Bard Associates Inc. owned approximately 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.