Polar Power (NASDAQ:POLA) Earns Sell Rating from Analysts at StockNews.com

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

Polar Power Trading Down 0.8 %

Polar Power stock opened at $2.92 on Thursday. Polar Power has a 52 week low of $2.24 and a 52 week high of $4.90. The stock has a market cap of $7.33 million, a PE ratio of -1.26 and a beta of 0.95. The stock has a 50-day moving average price of $3.19 and a 200 day moving average price of $3.10.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. grew its stake 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 SEC. The institutional investor 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 approximately 17.14% of Polar Power worth $1,435,000 as of its most recent filing with the SEC. 26.10% of the stock is owned by institutional investors and hedge funds.

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.