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

Equities research analysts at StockNews.com assumed coverage on shares of Polar Power (NASDAQ:POLA – Get Free Report) 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 Trading Down 2.0 %

Shares of Polar Power stock opened at $1.22 on Friday. The firm’s 50-day simple moving average is $1.32 and its 200-day simple moving average is $1.37. Polar Power has a twelve month low of $1.00 and a twelve month high of $4.02.

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Polar Power (NASDAQ:POLA – Get Free Report) last issued its earnings results on Monday, May 15th. The utilities provider reported ($0.09) earnings per share for the quarter. Polar Power had a negative net margin of 33.72% and a negative return on equity of 29.29%. The business had revenue of $4.19 million for the quarter.

Hedge Funds Weigh In On Polar Power

A number of institutional investors and hedge funds have recently added to or reduced their stakes in POLA. Bard Associates Inc. boosted its position in Polar Power by 154.9% in the fourth quarter. Bard Associates Inc. now owns 239,733 shares of the utilities provider’s stock valued at $309,000 after buying an additional 145,700 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Polar Power by 87.0% during the third quarter. Vanguard Group Inc. now owns 232,896 shares of the utilities provider’s stock worth $575,000 after purchasing an additional 108,367 shares in the last quarter. Baird Financial Group Inc. lifted 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 purchasing an additional 11,600 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Polar Power by 5.7% during the first quarter. Renaissance Technologies LLC now owns 107,385 shares of the utilities provider’s stock worth $344,000 after purchasing an additional 5,785 shares in the last quarter. 8.84% of the stock is currently owned by institutional investors and hedge funds.

Polar Power Company Profile

(Get Free Report)

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.

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