Polar Power (NASDAQ:POLA) Earns Sell Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Polar Power (NASDAQ:POLA) in a research note issued to investors on Wednesday. The firm issued a sell rating on the utilities provider’s stock.

Polar Power Stock Performance

POLA opened at $0.35 on Wednesday. The business has a 50 day moving average of $0.44 and a 200-day moving average of $0.54. Polar Power has a 52 week low of $0.32 and a 52 week high of $1.88.

Polar Power (NASDAQ:POLA) last released its earnings results on Monday, April 1st. The utilities provider reported ($0.24) EPS for the quarter. The firm had revenue of $3.61 million during the quarter. Polar Power had a negative net margin of 42.82% and a negative return on equity of 42.47%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. raised its stake in shares of Polar Power, Inc. (NASDAQ:POLA) by 802.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,806,023 shares of the utilities provider’s stock after buying an additional 2,495,000 shares during the quarter. Bard Associates Inc. owned about 21.65% of Polar Power worth $1,140,000 at the end of the most recent quarter. 26.10% of the stock is owned by institutional investors.

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.