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

StockNews.com initiated coverage on shares of Polar Power (NASDAQ:POLA) in a research report report published on Friday. The firm issued a sell rating on the utilities provider’s stock.

Polar Power Price Performance

POLA stock opened at $2.87 on Friday. The stock has a market capitalization of $7.20 million, a PE ratio of -1.24 and a beta of 0.95. The company has a 50 day moving average price of $3.07 and a 200 day moving average price of $3.08. Polar Power has a fifty-two week low of $2.24 and a fifty-two week high of $4.90.

Institutional Trading of Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. lifted its holdings in shares of Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,009,123 shares of the utilities provider’s stock after buying an additional 210,000 shares during the quarter. Bard Associates Inc. owned about 17.14% of Polar Power worth $1,435,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.