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

StockNews.com initiated coverage on shares of Polar Power (NASDAQ:POLA) in a research note released on Saturday morning. The brokerage issued a sell rating on the utilities provider’s stock.

Polar Power Trading Up 21.6 %

POLA opened at $3.38 on Friday. The stock has a market capitalization of $8.48 million, a P/E ratio of -1.46 and a beta of 0.95. Polar Power has a 12 month low of $2.24 and a 12 month high of $4.90. The firm’s fifty day simple moving average is $3.03 and its 200 day simple moving average is $3.09.

Hedge Funds Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. raised its holdings in Polar Power, Inc. (NASDAQ:POLA) by 7.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 17.14% of Polar Power worth $1,435,000 at the end of the most recent reporting period. Institutional investors own 26.10% of the company’s stock.

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.