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

1.21

Mkt cap

2.5B

Volume

4.2M

High

1.22

P/E Ratio

-1.73

52-wk high

2.65

Low

1.13

Div yield

N/A

52-wk low

0.61

Polestar Automotive Holding UK Plc (NASDAQ:PSNY) shares are surging due to the company's expansion of its global presence and retail strategy. The company is introducing a non-genuine agency sales model across Europe and plans to enter seven new markets by 2025. Key leadership changes have also been announced to support this growth.

Portfolio Pulse from Shivani Kumaresan

June 17, 2024 | 4:09 pm

Polestar Automotive Holding shares are trading higher following the company's announcement of geographic expansion plans to enter seven new markets in 2025.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 2:39 pm

Polestar is accelerating its geographic expansion and plans to enter seven new markets during 2025. The company is widening its retail footprint with existing and new partners, and has added experienced senior leadership in key markets.

Portfolio Pulse from Benzinga Newsdesk

June 17, 2024 | 11:03 am

The article highlights the pre-market movements of several consumer discretionary stocks on Friday. Notable gainers include Gap (GPS), Faraday Future (FFIE), Raytech Holding (RAY), Selina Hospitality (SLNA), Serve Robotics (SERV), and Polestar Automotive (PSNY). On the losing side, EpicQuest Education Group (EEIQ), Boqii Holding (BQ), Yoshitsu Co (TKLF), Sacks Parente Golf (SPGC), Jeffs Brands (JFBR), and Yatra Online (YTRA) saw declines.

Portfolio Pulse from Benzinga Insights

May 31, 2024 | 12:06 pm

General Motors (GM) is sticking to its plan to provide its EV owners access to Tesla's supercharging network by Spring 2024, despite Tesla's recent layoffs. Polestar, however, has delayed its access to the network until Summer 2024.

Portfolio Pulse from Anan Ashraf

May 31, 2024 | 9:48 am

Polestar has announced a delay in its Q1 2024 earnings report, which was originally scheduled for May 23.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 7:48 pm

Polestar shares are trading lower after the company acknowledged receiving a deficiency notice from Nasdaq.

Portfolio Pulse from Benzinga Newsdesk

May 21, 2024 | 10:44 am

Several major stocks, including Palo Alto Networks, Hesai Group, VinFast Auto, Gaotu Techedu, Polestar Automotive, Bilibili, JD.com, and Li Auto, experienced significant declines in Tuesday's pre-market trading session. Despite beating earnings estimates, Palo Alto Networks saw a sharp drop in its share price.

Portfolio Pulse from Avi Kapoor

May 21, 2024 | 9:41 am

Polestar has received a deficiency notice from Nasdaq and is working to file its annual report on Form 20-F as soon as possible. The company also plans to report its preliminary unaudited financial and operational results for Q1 2024 shortly after.

Portfolio Pulse from Benzinga Newsdesk

May 17, 2024 | 8:16 pm

Citigroup analyst Itay Michaeli maintains a Neutral rating on Polestar Automotive (NASDAQ:PSNY) but lowers the price target from $2.5 to $1.7.

Portfolio Pulse from Benzinga Newsdesk

May 16, 2024 | 3:00 pm

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