Polar Power (NASDAQ:POLA) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Polar Power (NASDAQ:POLA) in a research report issued to clients and investors on Saturday. The brokerage set a “sell” rating on the utilities provider’s stock.

Polar Power Price Performance

POLA stock opened at $2.78 on Friday. The firm has a 50-day simple moving average of $3.03 and a 200-day simple moving average of $3.08. The stock has a market capitalization of $6.98 million, a P/E ratio of -1.20 and a beta of 0.95. Polar Power has a 52 week low of $2.24 and a 52 week high of $4.90.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. increased its stake in Polar Power, Inc. (NASDAQ:POLA) by 7.5% during the 3rd quarter, according to its most recent disclosure with the Securities and 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 at the end of the most recent quarter. 26.10% of the stock is 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.