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 Wednesday morning. The firm issued a sell rating on the utilities provider’s stock.

Polar Power Stock Performance

Polar Power stock opened at $0.35 on Wednesday. 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 $0.54.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. increased its holdings in shares of Polar Power, Inc. (NASDAQ:POLA) by 802.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,806,023 shares of the utilities provider’s stock after buying an additional 2,495,000 shares during the period. Bard Associates Inc. owned about 21.65% of Polar Power worth $1,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 26.10% of the stock is currently owned by hedge funds and other institutional investors.

About Polar Power

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.