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

1.20

Mkt cap

2.9B

Volume

4.5M

High

1.30

P/E Ratio

-1.92

52-wk high

2.65

Low

1.20

Div yield

N/A

52-wk low

0.61

Polestar reported delivering around 12,800 vehicles in Q4, including 880 Polestar 4 units in China. The company's total annual deliveries rose by 6% to 54,600 vehicles.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 9:07 pm

Polestar continues its strategic partnership with Google, showcasing new automotive features at CES 2024. These features, including trip planning on Google Maps and in-car browsing with Google Chrome, are rolling out for Polestar cars, starting with Polestar 2. The collaboration highlights the expansion of the Android Automotive OS ecosystem and the introduction of new apps and functionalities for Polestar vehicles.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 6:06 pm

RayzeBio, Inc. (RYZB) shares surged 100% after announcing its acquisition by Bristol Myers Squibb for $62.50 per share in cash, valuing the deal at $4.1 billion. Other stocks also moved significantly in Tuesday's mid-day session, with ARB IOT Group Limited (ARBB) and IMAC Holdings, Inc. (BACK) among the top gainers, while PARTS iD, Inc. (ID) and Milestone Pharmaceuticals Inc. (MIST) were among the top losers.

Portfolio Pulse from Avi Kapoor

December 26, 2023 | 6:48 pm

The European Union is reportedly planning to propose a three-year delay on tariffs for electric vehicle (EV) trade with the UK. This move could significantly impact the EV industry, providing manufacturers with more time to adjust to the post-Brexit trading environment and potentially benefiting companies that trade between the EU and UK.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 3:17 pm

Polestar Automotive Holding UK Ltd (NYSE:PSNY) shares rose after announcing the start of production for the Polestar 4 vehicle. The first unit has been produced at the Hangzhou Bay factory, which uses renewable electricity. The Polestar 4 is touted to have the lowest carbon footprint of any Polestar car at launch. CEO Thomas Ingenlath highlighted the vehicle's design, performance, and innovative features like a digital rear-view mirror. Additional manufacturing will begin in Busan, South Korea, in the second half of 2025 for local and North American markets. At the time of publication, PSNY shares were up 4.6% at $2.27.

Portfolio Pulse from Adam Eckert

November 15, 2023 | 3:04 pm

Polestar has commenced production of the Polestar 4, leading to an increase in its stock price.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 3:04 pm

Polestar has commenced production of its Polestar 4 model, with the first customer deliveries anticipated to occur before the end of 2023. This marks a significant milestone for the company as it expands its product lineup and aims to meet growing consumer demand for electric vehicles.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 8:33 am

Over the past 3 months, 4 Wall Street analysts have published opinions on Polestar Automotive (NASDAQ:PSNY), with 2 giving a somewhat bullish and 2 a somewhat bearish outlook. The average price target is $3.5, representing an implied upside from the current price of $2.1394, but this target is a 12.5% decrease from the previous target of $4.00.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 2:00 pm

Barclays analyst Dan Levy has maintained an Underweight rating on Polestar Automotive (NASDAQ:PSNY) and reduced the price target from $3 to $2.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 1:21 pm

Polestar Automotive Holding UK Plc (NASDAQ:PSNY) and StoreDot, an Israel-based electric vehicle batteries maker, have partnered to explore the application of XFC battery cell technology to an existing platform. The '100-in-5' XFC cell charging technology, which delivers 100 miles of range in just five minutes of charging, was demonstrated alongside a Polestar battery module prototype. The collaboration follows Polestar's investment in StoreDot and is part of an ongoing strategic partnership. The companies aim to demonstrate StoreDot's production-ready XFC technology at full scale in a Polestar 5 prototype vehicle in 2024.

Portfolio Pulse from Shivani Kumaresan

November 10, 2023 | 1:01 pm

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