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 Automotive (NASDAQ:PSNY) has appointed Jean-Francois Mady, a former Stellantis executive, as its new CFO, effective October 21. This follows the recent appointment of Michael Lohscheller as CEO. Polestar, controlled by Geely, reported an 80% increase in car deliveries in Q2 and aims for further sales growth with the upcoming production of Polestar 3 in South Carolina.

Portfolio Pulse from Anan Ashraf

September 03, 2024 | 11:51 am

Polestar (NASDAQ:PSNY) has appointed Jean-Francois Mady as its new CFO, effective October 21, 2024, succeeding interim CFO Per Ansgar. This move is part of Polestar's strategic development plans.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 11:04 am

The article highlights the intraday movements of several consumer discretionary stocks on Monday. Notable gainers include Singing Machine Co, Leslies, and Polestar Automotive, while significant losers include Sunlands Technology and LightInTheBox Holding.

Portfolio Pulse from Benzinga Insights

September 02, 2024 | 4:31 pm

Polestar Automotive Holdings reported a quarter-over-quarter increase in Q2 deliveries, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 7:54 pm

Bernstein analyst Daniel Roeska maintains an Underperform rating on Polestar Automotive (NASDAQ:PSNY) but raises the price target slightly from $0.74 to $0.78.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 5:00 pm

Marvell Technology's shares rose 6.1% after reporting better-than-expected sales, contributing to a positive day for U.S. stocks. Other notable gainers included MongoDB, Intel, and MINISO Group, each experiencing significant stock price increases due to strong financial results or strategic developments.

Portfolio Pulse from Avi Kapoor

August 30, 2024 | 2:15 pm

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on Polestar Automotive (NASDAQ:PSNY) and maintained a $3 price target.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 1:08 pm

Build-A-Bear Workshop and several other major stocks saw significant gains on Thursday, driven by strong earnings reports and positive guidance. The Dow Jones index also rose by around 400 points.

Portfolio Pulse from Avi Kapoor

August 29, 2024 | 5:06 pm

Polestar Automotive Holding (NASDAQ:PSNY) shares surged after reporting a significant increase in Q2 deliveries, with a notable 82% rise quarter-over-quarter. The company also announced effective inventory management and a new CEO appointment. Polestar is optimistic about stronger sales in the second half of the year, particularly with the launch of new SUVs.

Portfolio Pulse from Lekha Gupta

August 29, 2024 | 4:09 pm

Polestar Automotive Holdings shares rose following a reported increase in Q2 deliveries compared to the previous quarter.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 11:40 am

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