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

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

Polar Power Stock Down 6.1 %

Shares of NASDAQ:POLA opened at $0.43 on Friday. The firm has a market capitalization of $5.57 million, a PE ratio of -0.81 and a beta of 0.96. Polar Power has a twelve month low of $0.32 and a twelve month high of $1.58. The company has a 50-day moving average price of $0.45 and a two-hundred day moving average price of $0.43.

Polar Power (NASDAQ:POLA) last issued its earnings results on Wednesday, May 15th. The utilities provider reported ($0.12) earnings per share for the quarter. The business had revenue of $1.78 million for the quarter. Polar Power had a negative return on equity of 54.46% and a negative net margin of 58.84%.

Hedge Funds Weigh In On Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. increased its position in Polar Power, Inc. (NASDAQ:POLA) by 802.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,806,023 shares of the utilities provider’s stock after acquiring 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 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.