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

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

Polar Power Stock Up 3.4 %

NASDAQ:POLA opened at $3.00 on Wednesday. The stock has a 50 day moving average of $3.05 and a 200-day moving average of $3.11. Polar Power has a 52 week low of $2.24 and a 52 week high of $4.90.

Institutional Investors Weigh In On Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. increased its position in Polar Power, Inc. (NASDAQ:POLA) by 7.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,009,123 shares of the utilities provider’s stock after acquiring an additional 210,000 shares during the period. Bard Associates Inc. owned approximately 17.14% of Polar Power worth $1,435,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 26.10% of the company’s stock.

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.