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

Investment analysts at StockNews.com assumed coverage on shares of Polar Power (NASDAQ:POLA) in a research report issued on Tuesday. The firm set a “sell” rating on the utilities provider’s stock.

Polar Power Trading Down 0.6 %

Shares of NASDAQ POLA opened at $3.17 on Tuesday. The firm has a market capitalization of $7.96 million, a P/E ratio of -1.37 and a beta of 0.95. The firm’s 50-day moving average price is $3.06 and its 200-day moving average price is $3.13. Polar Power has a 1-year low of $2.24 and a 1-year high of $4.90.

Hedge Funds Weigh In On Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. raised its stake in Polar Power, Inc. (NASDAQ:POLA) by 7.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,009,123 shares of the utilities provider’s stock after purchasing an additional 210,000 shares during the quarter. Bard Associates Inc. owned 17.14% of Polar Power worth $1,435,000 as of its most recent filing with the Securities & Exchange Commission. 26.10% of the stock is currently owned by hedge funds and other 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.