StockNews.com Initiates Coverage on Polar Power (NASDAQ:POLA)

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

Polar Power Price Performance

Shares of POLA opened at $2.00 on Friday. Polar Power has a 1-year low of $1.78 and a 1-year high of $4.90. The firm has a 50 day simple moving average of $2.43 and a 200-day simple moving average of $2.84. The stock has a market cap of $5.02 million, a price-to-earnings ratio of -0.87 and a beta of 0.51.

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.