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

During Tuesday's intraday session, several consumer discretionary stocks experienced significant movement. U Power, Educational Development, Fisker, Nephros, Polestar Automotive, and Sunlands Technology saw gains, while Polished.com, Nova Lifestyle, Faraday Future, Allurion Technologies, VinFast Auto, and ToughBuilt Industries experienced losses.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 5:31 pm

Despite a general downturn in the US stock market, several companies saw significant gains. Intercept Pharmaceuticals shares climbed 77.3% after Alfasigma agreed to acquire the company. Immunovant shares surged 75.6% following the announcement of initial IMVT-1402 Phase 1 SAD and 300 mg subcutaneous MAD results. ARS Pharmaceuticals jumped 18.8% after Director Rajeev Shah acquired a total of 2,700,000 shares. Roivant Sciences shares rose 17% following the announcement of initial IMVT-1402 Phase 1 SAD and 300 mg subcutaneous MAD results. Fisker shares jumped 14.2% after the company announced plans to ramp up deliveries.

Portfolio Pulse from Lisa Levin

September 26, 2023 | 2:49 pm

Polestar, a Swedish electric vehicle manufacturer, has opened a new retail location in North Carolina, marking its debut in the Carolinas. The new location is part of the brand's expansion in the American Southeast. The company has seen a significant shift in the automotive market, with many people choosing to drive electric. All 31 Polestar Spaces in North America now feature Polestar 3 SUV display prototypes in their showrooms. The Polestar 3 is available to order now with deliveries set to begin in Q2 2024.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 1:46 pm

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) has expanded its in-car entertainment offerings by integrating Amazon.com, Inc’s (NASDAQ:AMZN) Prime Video into its Polestar 2 vehicles. This allows drivers to watch Prime Video or YouTube while their vehicle is charging. The Polestar 2 already features Google's Android Automotive OS and several other apps. All the apps on Polestar 2 are expected to be available on future Polestar vehicles as well.

Portfolio Pulse from Anan Ashraf

September 14, 2023 | 3:58 am

Polestar Automotive's stock has been downgraded by Barclays from Equal-Weight to Underweight, with the price target also being reduced from $5 to $3. This has resulted in the shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 2:08 pm

Several analyst forecasts were released on Thursday, with price target changes for Verint Systems, Dave & Buster's Entertainment, Vail Resorts, The Greenbrier Companies, Tronox Holdings, Polestar Automotive Holding, Crocs, Intuit, Owens Corning, American Eagle Outfitters, and Roku. Most of the companies saw their price targets reduced, with a few exceptions such as Vail Resorts, Intuit, Owens Corning, American Eagle Outfitters, and Roku which had their price targets increased.

Portfolio Pulse from Lisa Levin

September 07, 2023 | 11:44 am

Barclays analyst Dan Levy has downgraded Polestar Automotive (NASDAQ:PSNY) from Equal-Weight to Underweight and lowered the price target from $5 to $3.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 9:43 am

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) and Nio Inc (NYSE:NIO) are both planning to launch smartphones. Polestar's device, developed in partnership with Xingji Meizu, will be launched in China in December. Nio's phone will be launched in late September. Both companies aim to enhance the experience for their vehicle users with these devices.

Portfolio Pulse from Anan Ashraf

September 07, 2023 | 8:34 am

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on Polestar Automotive (NASDAQ:PSNY) and maintained a $6 price target.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 1:42 pm

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) CEO Thomas Ingenlath confirmed that the Polestar 4 electric SUV coupe is on track to start production in November, with first customer deliveries expected in China by year-end. Deliveries to the rest of the world are planned for early 2024. The price of Polestar 4 is higher than Polestar 2 but lower than Polestar 3, and is closer to the price range of Porsche Macan. Polestar reported an adjusted EPS loss of $(0.16), missing the consensus loss of $(0.12). Despite this, the company still expects to deliver 60,000-70,000 vehicles in 2023.

Portfolio Pulse from Anan Ashraf

September 01, 2023 | 4:35 am

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