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

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

Polar Power Price Performance

Shares of Polar Power stock opened at $0.35 on Wednesday. The firm has a fifty day moving average price of $0.44 and a 200 day moving average price of $0.54. Polar Power has a 1 year low of $0.32 and a 1 year high of $1.88. The stock has a market cap of $4.57 million, a PE ratio of -0.71 and a beta of 0.82.

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

Institutional Trading of Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. boosted its holdings in shares of Polar Power, Inc. (NASDAQ:POLA) by 802.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,806,023 shares of the utilities provider’s stock after acquiring an additional 2,495,000 shares during the period. Bard Associates Inc. owned 21.65% of Polar Power worth $1,140,000 at the end of the most recent reporting period. 26.10% of the stock is currently owned by 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.