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

StockNews.com assumed coverage on shares of Polar Power (NASDAQ:POLA) in a report released on Tuesday morning. The firm issued a sell rating on the utilities provider’s stock.

Polar Power Stock Performance

Polar Power stock opened at $0.36 on Tuesday. Polar Power has a 12 month low of $0.32 and a 12 month high of $1.88. The stock’s 50 day simple moving average is $0.44 and its two-hundred day simple moving average is $0.57.

Institutional Investors Weigh In On Polar Power

Hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC boosted its position in Polar Power by 5.7% in the 1st quarter. Renaissance Technologies LLC now owns 107,385 shares of the utilities provider’s stock worth $344,000 after purchasing an additional 5,785 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Polar Power by 87.0% during the 3rd quarter. Vanguard Group Inc. now owns 232,896 shares of the utilities provider’s stock valued at $575,000 after buying an additional 108,367 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of Polar Power by 3.8% during the 3rd quarter. Baird Financial Group Inc. now owns 316,055 shares of the utilities provider’s stock valued at $781,000 after buying an additional 11,600 shares in the last quarter. Finally, Bard Associates Inc. lifted its position in shares of Polar Power by 802.2% during the 4th quarter. Bard Associates Inc. now owns 2,806,023 shares of the utilities provider’s stock valued at $1,140,000 after buying an additional 2,495,000 shares in the last quarter. Hedge funds and other 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.