Polestar Automotive Holding UK PLC (PSNY)
| Market Cap | 2.50B |
| Revenue (ttm) | 2.83B |
| Net Income (ttm) | -730.85M |
| Shares Out | 2.14B |
| EPS (ttm) | -0.23 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 4,194,796 |
| Open | 1.220 |
| Previous Close | 1.240 |
| Day's Range | 1.160 - 1.220 |
| 52-Week Range | 1.160 - 4.960 |
| Beta | n/a |
| Analysts | Buy |
| Price Target | 4.50 (+284.62%) |
| Earnings Date | May 9, 2024 |
About PSNY
Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden. [Read more]
Financial Performance
In 2022, PSNY's revenue was $2.46 billion, an increase of 84.11% compared to the previous year's $1.34 billion. Losses were -$465.79 million, -53.77% less than in 2021.
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for PSNY stock is "Buy." The 12-month stock price forecast is $4.5, which is an increase of 284.62% from the latest price.
News
Polestar may use US plant to sell cars to Europe as EU-China tension rises
Chinese-backed Swedish electric vehicle (EV) maker Polestar Automotive is preparing to shift production of cars it plans to sell into Europe to its U.S. plant from China in view of rising geopolitical...
Polestar CEO talks EV demand, new SUVs, and international expansion
Yahoo Finance's Pras Subramanian is Live at the 2024 New York Auto Show, where he is joined by Polestar (PSNY) CEO Thomas Ingenlath to discuss the release of the company's new SUVs, the Polestar 3 and...
Polestar Showcases Growing Line-Up of Performance SUVs in New York
GOTHENBURG, Sweden--(BUSINESS WIRE)--2024 is the year of the product offensive for Polestar (Nasdaq: PSNY). The Swedish performance electric car brand is participating in the New York International Au...
Polestar cuts starting prices for its upcoming model as EV demand falters
Swedish electric-vehicle maker Polestar Automotive Holding , on Wednesday cut the base price of its Polestar 3 model by more than 12% and launched new variants, as it prepares to counter lackluster de...
After Tesla, Polestar quits Australia auto lobby as emissions fight escalates
Electric vehicle maker Polestar Australia quit Australia's major automotive lobby on Friday, a day after Tesla did the same, in protest over the organisation's criticism of proposed federal vehicle em...
Polestar secures $950 million from a bank syndicate
Polestar Automotive Holding UK plc (NASDAQ: PSNY) is in the green this morning after raising close to a billion-dollar from a bank syndicate.
Polestar raises almost $1 bln, sees margins improving in 2024
Polestar said on Wednesday it had raised a $950 million loan from a bank syndicate, helping to fill a gap left when Volvo Cars said it would stop funding the electric carmaker.
Polestar secures USD 1 billion external funding; business outlook confirmed
GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, announces that it has secured USD 950 million in external funding. T...
Volvo falls 5% after it sets out to dilute stake in electric vehicle automaker Polestar
Shares of Volvo Cars fell on Friday after the company said it would dilute its stake in electric vehicle maker Polestar.
Volvo Cars to dilute stake in EV maker Polestar
Volvo Cars said on Friday it plans to distribute 62.7% of its stake worth 9.5 billion crowns ($920.17 million) in Swedish electric vehicle manufacturer Polestar Automotive Holding to its own sharehold...
Polestar's CEO just hinted at a looming problem in the EV market: Tanking used values
Polestar agreed to let Hertz out of a deal to buy its cars for now. Stipulations in the agreement protect Polestar's resale values.
Hertz pauses plans of buying Polestar EVs
Hertz Global Holdings Inc (NASDAQ: HTZ) says it will not buy electric vehicles from Polestar Automotive Holding UK Plc (NASDAQ: PSNY) in 2024. Shares of the latter are down 5.0% this morning.
Volvo's Polestar troubles signal 'shakeout time' for EV industry
The shakeout in the global electric-vehicle industry is picking up speed.
Volvo cuts off Polestar funding despite fact it helped pioneer electric cars
The company declared Volvo Cars is focused on “developing and concentrating its resources on its own ambitious journey.”
Volvo Pulls Funding From Polestar, Marking Latest Setback for EV Industry
Sweden's Volvo said it would stop funding electric vehicle (EV) maker Polestar (PSNY), in the latest pullback by automakers of their EV forays.
Volvo Car shares surge as it'll stop funding Polestar in deal with parent Geely
Volvo Cars shares surged 23% as the Swedish automaker said it will stop providing funding to EV startup Polestar as it ramps up its own investment.
Polestar stock price is at risk after big Volvo news
Polestar (NASDAQ: PSNY) stock price will be in the spotlight on Thursday after its biggest shareholder closed its cash tap. The stock closed at $2.17 on Wednesday after crashing by more than 85% from ...
Volvo shares jump 21% on higher sales, plans to stop Polestar funding
The group announced that it may hand stewardship of ailing luxury car brand Polestar over to majority Volvo shareholder Geely Holding. Volvo Cars CEO Jim Rowan told CNBC's Silvia Amaro on Thursday tha...
Polestar Welcomes Geely's Long-Term Commitment to Its Development and Growth as an Independent Exclusive Performance Brand
GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, welcomes Geely Sweden Holding as a potential direct new shareholder....
Automaker Volvo Cars to stop funding Polestar, quarterly earnings above estimates
Swedish automaker Volvo Cars said on Thursday it would stop providing funding to Polestar as it reported a slightly bigger than expected rise in fourth-quarter operating earnings.
Electric vehicle maker Polestar to cut around 450 jobs globally
Swedish electric vehicle maker Polestar Automotive Holding , on Friday said it plans to cut around 450 jobs globally, about 15% of its total workforce.
Polestar Is ‘On a Road to Nowhere.' There Is A Solution, Though.
Bernstein analyst Daniel Roeska launched coverage on shares of the EV start-up with a Sell rating and $1.15 price target.
Polestar announces global volumes for the fourth quarter, including a strong start to Polestar 4 deliveries
GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, reports its global deliveries for the fourth quarter of 2023. Polest...
Polestar announces Board and Management appointments
GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, announces appointments to its Board of Directors and Management Team...
Another bad report for EVs: Polestar, Nikola, FFIE, LCID stocks at risk
Electric vehicle stocks are off to a bad start in 2024. After a fairly strong year, Tesla (NASDAQ: TSLA) stock price has plunged by 4.2% while Rivian is down by over 7.5% this year.