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

H&R Block reported better-than-expected Q4 earnings and issued strong FY25 guidance, leading to a 16.4% rise in its stock price. Other notable gainers include Emergent BioSolutions, AST SpaceMobile, Rocket Lab USA, Planet Labs, Jumia Technologies, Polestar Automotive, SIGA Technologies, Ambipar Emergency Response, Treace Medical Concepts, CI&T, QXO, Cellebrite DI, JD.com, and Alibaba Group.

Portfolio Pulse from Avi Kapoor

August 16, 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 16, 2024 | 12:57 pm

Polestar Automotive (NASDAQ:PSNY) has started production of its Polestar 3 SUV in South Carolina to avoid high tariffs on China-made EVs. This move aims to strengthen its market presence in the U.S. and Europe. The company plans to expand its manufacturing to South Korea by mid-2025 and aims to have five EV models by 2026.

Portfolio Pulse from Anan Ashraf

August 15, 2024 | 7:29 am

Elliott Investment Management's Q2 2024 13F filing reveals that the firm has exited positions in several notable stocks and ETFs, including Constellation Brands, Endeavor Group, VNQ Calls, Peabody Energy, iShares Bitcoin Trust, NVIDIA, and Polestar Automotive.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 8:46 pm

Polestar (NASDAQ:PSNY) has started production of its luxury SUV, Polestar 3, in South Carolina, marking the first Polestar vehicle manufactured in the USA. This move aims to cater to both the US and European markets, complementing existing production in China.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 12:09 pm

Shares of auto-related companies are trading lower due to overall market weakness and concerns about a US economic slowdown, which could impact demand.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 3:06 pm

Shares of EV stocks are trading lower in sympathy with Tesla, which fell after reporting mixed Q2 earnings.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:38 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

July 22, 2024 | 5:50 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

July 17, 2024 | 3:38 pm

Automotive stocks, including Canoo Inc (NASDAQ:GOEV), Lucid Group, Inc (NASDAQ:LCID), Polestar Automotive Holding UK (NASDAQ:PSNY), VinFast Auto (NASDAQ:VFS), and Workhorse Group, Inc (NASDAQ:WKHS), are trading lower due to China's slower-than-expected second-quarter economic growth. The Chinese economy grew by 4.7%, missing the 5.1% forecast, leading to cautious consumer spending and price cuts in various sectors.

Portfolio Pulse from Anusuya Lahiri

July 15, 2024 | 5:16 pm

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