Polestar Automotive Holding UK PLC (PSNY)
| Market Cap | 2.19B |
| Revenue (ttm) | 2.05B |
| Net Income (ttm) | -1.39B |
| Shares Out | 2.11B |
| EPS (ttm) | -0.66 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 4,720,284 |
| Open | 1.020 |
| Previous Close | 1.020 |
| Day's Range | 0.980 - 1.070 |
| 52-Week Range | 0.610 - 2.650 |
| Beta | 2.29 |
| Analysts | Hold |
| Price Target | 1.64 (+57.69%) |
| Earnings Date | Nov 26, 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 2023, PSNY's revenue was $2.38 billion, a decrease of -2.68% compared to the previous year's $2.44 billion. Losses were -$1.19 billion, 150.2% more than in 2022.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for PSNY stock is "Hold." The 12-month stock price forecast is $1.64, which is an increase of 57.69% from the latest price.
News
Polestar Delivers First Polestar 3 Manufactured in U.S. to North American Customers
MAHWAH, N.J.--(BUSINESS WIRE)--Polestar, the Swedish premium electric performance car brand, has delivered its first U.S.-built Polestar 3 SUVs to customers in the North American market. Deliveries of...
Polestar Now Offers Its Customers Access to One of the World's Largest Charging Networks
GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) now offers its customers access to 17,800 Tesla Superchargers across North America, complementing its existing offer in Europe and China. F...
Volvo and Polestar EVs Get Tesla Supercharger Access Next Month
The Swedish premium automakers will begin offering NACS adapters for their 2025 model year electric SUVs starting on Nov. 18.
Biden proposal would 'effectively prohibit' sale of Polestar cars in US, automaker says
Polestar said on Monday that a proposed Biden administration rule to bar the use of Chinese vehicle hardware and software would "effectively prohibit" the automaker from selling vehicles in the United...
EV firm Polestar expects positive fourth-quarter gross margin despite slow demand
Polestar said on Friday that it expected to achieve a positive gross profit margin in the fourth quarter despite its electric vehicle deliveries falling 14% in the third quarter.
Polestar Announces Global Volumes for the Third Quarter; to Provide Business and Strategy Update on 16 January 2025
GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) delivered approximately 11,900 cars in the third quarter, taking total deliveries for the first nine months of the year to 32,300 (2023: 41...
Polestar Automotive (PSNY) Stock Drops 5.06% Amid Market Fluctuations
Polestar Automotive (PSNY, Financial) experienced a significant stock price decline of 5.06%. The share price fell to $1.65, with a trading volume of approximately 2.87 million shares and a turnover r...
Infosys and Polestar Enter Strategic Collaboration by opening Technology Hub in Bengaluru, India
BENGALURU, India, Sept. 25, 2024 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a strategic collabora...
Polestar's stock rises as it maintains Nasdaq listing requirements
Polestar Automotive Holding's stock was up about 1.7% in premarket trading on Tuesday after the electric-vehicle maker said it has satisfied requirements to remain on the Nasdaq.
Polestar Fully Compliant With Nasdaq Listing Rules
GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) has received notice that with the closing bid price of the Company's American Depositary Shares (“ADSs”) exceeding $1.00 for at least ten c...
Polestar Announces Date of AGM and Board Changes
GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) is holding its Annual General Meeting (AGM) in London on 7 October 2024. Full details of the AGM, including instructions for proxy voting b...
Auto Stocks Get New Ratings From Deutsche. They Aren't So Good.
Analyst Edison Yu rates shares of Rivian, Ford, GM, and Polestar Automotive at Hold.
EV firm Polestar taps former Stellantis finance executive as CFO
Electric vehicle maker Polestar said on Tuesday it has appointed former Stellantis finance executive Jean-Francois Mady as its CFO, days after replacing long-time CEO Thomas Ingenlath.
Polestar appoints Jean-Francois Mady as CFO
GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) continues to prepare itself for the next step in its development by appointing Jean-Francois Mady to the role of Chief Financial Officer (C...
EV tariffs could hurt European companies and industry, Polestar CFO says
Import tariffs imposed by the European Union and the United States on China-made electric vehicles will harm European based companies, the chief financial officer of Swedish EV maker Polestar said on ...
Polestar Automotive Holding UK PLC (PSNY) Q2 2024 Earnings Call Transcript
Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Q2 2024 Earnings Conference Call August 29, 2024 8:00 AM ET Company Participants Bojana Flint - Investor Relations Per Ansgar - Chief Financial Office...
Polestar posts further loss, hit by demand slowdown and delay in car launches
Polestar posted a second quarter operating loss on Thursday, a day after the Swedish electric vehicle (EV) maker replaced its CEO amid funding issues and flagging sales.
Polestar Publishes Q2 2024 Results: 82% Growth in Global Deliveries
GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY), reports its preliminary unaudited financial and operational results for the second quarter ended June 30, 2024. Deliveries were 13,150 car...
Polestar is getting a new CEO amid EV sales slump
Just weeks ago, during an interview with TechCrunch, Thomas Ingenlath laid out his plan to turn Polestar into a self-sustaining company. Now, he's out.
Swedish EV maker Polestar appoints Michael Lohscheller as CEO
Swedish electric-vehicle (EV) maker Polestar said on Wednesday that Michael Lohscheller will become chief executive, replacing current CEO Thomas Ingenlath.
Polestar Announces Leadership Change: Michael Lohscheller Appointed CEO
GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) announces that Michael Lohscheller, a seasoned automotive leader with extensive experience in driving operational excellence and strategic ...
Polestar stock forms a double bottom; 1 key risk remains
Polestar (PSNY) stock price has bounced back in the past few days as the market waits for its second quarter update. It rose to the important resistance point at $1 on Monday, up by over 60% from its ...
Polestar Appoints Philipp Römers Head of Design
GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) announces that Philipp Römers has been appointed Head of Design. Philipp has over 25 years of experience in automotive design and joins Pol...
Polestar Delivers First Customer Polestar 4 SUV Coupes in Europe
GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar announces the first European deliveries of the SUV Coupe Polestar 4.
Production of Polestar ($PSNY) 3 Luxury SUV Begins at New South Carolina Manufacturing Plant
Polestar Automotive (NASDAQ: PSNY), a leading electric vehicle manufacturer, has announced the commencement of production for its luxury SUV, the Polestar 3, in South Carolina. This milestone makes Po...