Streetbeat News

PSNY

Polestar Automotive Holding UK PLC

https://www.polestar.com

Industry

Auto - Manufacturers

Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.

Open

1.21

Mkt cap

2.5B

Volume

4.2M

High

1.22

P/E Ratio

-1.73

52-wk high

2.65

Low

1.13

Div yield

N/A

52-wk low

0.61

Polestar has delivered its first US-built Polestar 3 SUVs to customers in North America, marking a significant milestone for the company.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 12:06 pm

Polestar Automotive Holding (NASDAQ:PSNY) shares are trading lower as the company expands access to Tesla Superchargers in North America and updates its charging infrastructure. Despite these developments, PSNY stock has dropped over 30% in the past month, with a recent 5.95% decline. Polestar's Q3 vehicle deliveries decreased by 15% year-over-year.

Portfolio Pulse from Nabaparna Bhattacharya

October 30, 2024 | 4:46 pm

Polestar has expanded its charging network by gaining access to 17,800 Tesla Superchargers in North America and over 850,000 charging points across Europe. This move enhances Polestar's global EV charging capabilities.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 12:08 pm

Shares of electric vehicle (EV) companies are trading lower, potentially in sympathy with Ford Motor's decline following its Q3 earnings report and FY24 guidance.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 6:45 pm

Auto-related companies' shares are declining due to overall market weakness and rising treasury yields.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 7:50 pm

Polestar Automotive (NASDAQ:PSNY) is reviewing its strategy and operations after a 15% drop in Q3 deliveries. The company plans to update its business strategy in January 2025 and aims for cash flow break-even by the end of 2025. Polestar is engaging with lenders and has $669 million in cash.

Portfolio Pulse from Anan Ashraf

October 14, 2024 | 6:20 am

Polestar's CEO has announced a strategic review following a decline in quarterly electric vehicle deliveries. Despite this, the company expects a positive gross margin in the fourth quarter.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 2:39 pm

Polestar Automotive shares declined following the announcement of Q3 global delivery volumes and business updates.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 2:27 pm

Polestar, in collaboration with Geely, is in constructive discussions with club loan lenders, considering market conditions and expected performance in 2024.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 11:38 am

Polestar anticipates its 2024 revenue to be similar to 2023 and aims for a positive gross profit margin in Q4. The company reaffirms its goal of reaching cash flow break-even by the end of 2025, albeit at a lower volume than previously targeted.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 11:36 am

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