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

StockNews.com started coverage on shares of Polar Power (NASDAQ:POLA) in a research report issued to clients and investors on Wednesday. The firm set a “sell” rating on the utilities provider’s stock.

Polar Power Stock Performance

Shares of POLA opened at $2.95 on Wednesday. The company’s 50 day moving average price is $3.06 and its 200 day moving average price is $3.11. Polar Power has a 52 week low of $2.24 and a 52 week high of $4.90. The company has a market capitalization of $7.39 million, a PE ratio of -1.28 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. grew its holdings in Polar Power, Inc. (NASDAQ:POLA) by 7.5% in 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 acquiring an additional 210,000 shares during the period. Bard Associates Inc. owned 17.14% of Polar Power worth $1,435,000 as of its most recent SEC filing. 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.