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

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 15, 2024 | 3:06 pm

Swedish EV brand Polestar Automotive (NASDAQ:PSNY) is recalling nearly 32,000 Polestar 2 vehicles in North America due to an issue with the rearview camera image display. The company plans to fix the issue with an over-the-air software update and has advised halting deliveries of affected vehicles. Despite this, Polestar saw an 80% increase in global deliveries in Q2 and plans to start production of Polestar 3 in South Carolina by the end of summer.

Portfolio Pulse from Anan Ashraf

July 05, 2024 | 2:59 pm

Analysts have mixed ratings for Polestar Automotive (NASDAQ:PSNY), with recent sentiment showing a negative shift. The average 12-month price target has decreased by 12.43% to $3.17. Key analysts have lowered their ratings and price targets, reflecting concerns over the company's financial performance and market conditions.

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 2:59 pm

Barclays analyst Dan Levy maintains an Underweight rating on Polestar Automotive (NASDAQ:PSNY) and lowers the price target from $2 to $1.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 2:58 pm

Polestar shares are trading higher following the company's Q2 deliveries.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 1:49 pm

Polestar shares are trading lower following the company's Q2 deliveries.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 11:36 am

Polestar reported an 80% growth in Q2 global deliveries, reaching 13,000 cars. This significant increase highlights the company's strong performance and potential market expansion.

Portfolio Pulse from Benzinga Newsdesk

July 02, 2024 | 11:04 am

Polestar Automotive Holding (NASDAQ:PSNY) is set to report its unaudited Q1 financial results and Q2 global volumes on July 2. Analysts expect Q1 revenue of $737.57 million and a loss of 12 cents per share. The company has missed revenue estimates for three consecutive quarters but has beaten EPS estimates in three of the last four quarters. Polestar's FY 2023 revenue was $2.38 billion, down 3% YoY, with deliveries of 54,626 vehicles. Analysts highlight the company's cash balance of $769 million and its goal to raise $1.3 billion in external funding in 2024. Polestar's stock is up 21.76% to 96 cents but down 76% over the last year.

Portfolio Pulse from Chris Katje

July 01, 2024 | 6:51 pm

Cantor Fitzgerald analyst Andres Sheppard has reiterated an Overweight rating on Polestar Automotive (NASDAQ:PSNY) and maintained a $5 price target.

Portfolio Pulse from Benzinga Newsdesk

July 01, 2024 | 1:15 pm

Shares of EV, solar, and clean energy stocks are trading lower, possibly in reaction to Thursday's presidential debate.

Portfolio Pulse from Bill Haddad

June 28, 2024 | 5:27 pm

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