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

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

Polar Power Stock Performance

Shares of NASDAQ POLA opened at $0.40 on Tuesday. The stock has a market cap of $5.19 million, a PE ratio of -0.80 and a beta of 0.82. Polar Power has a 12-month low of $0.32 and a 12-month high of $1.88. The company has a 50-day moving average of $0.44 and a 200 day moving average of $0.57.

Institutional Investors Weigh In On Polar Power

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its stake in shares of Polar Power by 5.7% in the 1st quarter. Renaissance Technologies LLC now owns 107,385 shares of the utilities provider’s stock valued at $344,000 after acquiring an additional 5,785 shares during the period. Baird Financial Group Inc. boosted its position in shares of Polar Power by 3.8% during the third quarter. Baird Financial Group Inc. now owns 316,055 shares of the utilities provider’s stock worth $781,000 after buying an additional 11,600 shares during the period. Vanguard Group Inc. grew its stake in shares of Polar Power by 87.0% in the third quarter. Vanguard Group Inc. now owns 232,896 shares of the utilities provider’s stock valued at $575,000 after buying an additional 108,367 shares in the last quarter. Finally, Bard Associates Inc. raised its holdings in shares of Polar Power by 802.2% in the 4th quarter. Bard Associates Inc. now owns 2,806,023 shares of the utilities provider’s stock valued at $1,140,000 after buying an additional 2,495,000 shares during the period. Institutional investors and hedge funds 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.