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

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

Polar Power Stock Performance

Shares of NASDAQ:POLA remained flat at $0.38 during midday trading on Thursday. The company had a trading volume of 12,985 shares, compared to its average volume of 50,169. The stock has a fifty day moving average price of $0.43 and a 200 day moving average price of $0.51. Polar Power has a 1 year low of $0.32 and a 1 year high of $1.88.

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

Hedge Funds Weigh In On Polar Power

A hedge fund recently raised its stake in Polar Power stock. Bard Associates Inc. increased 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 Form 13F filing with the Securities & Exchange Commission. The fund owned 2,806,023 shares of the utilities provider’s stock after purchasing an additional 2,495,000 shares during the quarter. Bard Associates Inc. owned approximately 21.65% of Polar Power worth $1,140,000 at the end of the most recent quarter. 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.