Polestar Automotive Holding UK PLC (PSNY)
| Market Cap | 1.93B |
| Revenue (ttm) | 2.38B |
| Net Income (ttm) | -1.17B |
| Shares Out | 2.14B |
| EPS (ttm) | -0.56 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 19,642,044 |
| Open | 0.895 |
| Previous Close | 0.916 |
| Day's Range | 0.821 - 0.980 |
| 52-Week Range | 0.650 - 4.960 |
| Beta | 2.06 |
| Analysts | Hold |
| Price Target | 3.94 (+335.5%) |
| Earnings Date | Aug 29, 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 -2.75% compared to the previous year's $2.45 billion. Losses were -$1.17 billion, 143.7% more than in 2022.
Financial StatementsAnalyst Forecast
According to 5 analysts, the average rating for PSNY stock is "Hold." The 12-month stock price forecast is $3.94, which is an increase of 335.50% from the latest price.
News
Polestar Stock Slumps Despite Deliveries Jumping 80%. This Is Why.
The company delivered about 13,000 cars in the second quarter, bringing the total for the year so far to about 20,000 vehicles.
Polestar posts loss, plans steps to offset tariffs on China-made EVs
Electric vehicle (EV) maker Polestar said it will have to take steps to offset hefty EU and U.S. import tariffs on its Chinese-made electric cars as it posted a first-quarter operating loss on Tuesday...
Polestar Publishes Results for the First Quarter and Reports 80% Growth in Global Deliveries for the Second Quarter
GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY), reports its preliminary unaudited financial and operational results for the three months ended March 31, 2024 and reports its global deliv...
Polestar Automotive ($PSNY) Begins Delivering New Model 3 SUVs Across North America and Europe
Polestar Automotive (NASDAQ: PSNY), a leading electric vehicle manufacturer, has begun delivering its Polestar 3 SUV. This announcement is a significant milestone as the company now offers three model...
Polestar reports decline in 2023 revenue as EV maker grapples with slowing demand
Swedish EV-maker Polestar said on Friday, after months of delays in turning in its financial reports, that its 2023 revenue fell about 3% and its losses widened as it grappled with slowing demand for ...
Polestar publishes full year 2023 results; sets the date for Q1 results and Q2 global volumes
GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) reports its preliminary unaudited financial and operational results for 2023 and sets the date for Q1 2024 preliminary unaudited results as...
Polestar Delivers First Customer Polestar 3 Electric SUVs
GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (NASDAQ: PSNY) has made its first customer deliveries of Polestar 3. The SUV for the electric age plays an important role in the Company's development, as...
Very bad news for Polestar, Canoo, Faraday Future stocks
Polestar (PSNY), Canoo (GOEV), and Faraday Future (FFIE) stock prices have tumbled this year amid the rising concerns about the electric vehicle (EV) industry. Polestar's stock has crashed by more tha...
Polestar Announces New Board Chair and Strengthens Board of Directors
GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) announces that Håkan Samuelsson intends to retire as Board Chair. The Board of Directors has appointed Winfried Vahland Board Chair, effect...
Polestar Pops. The EV Maker Is Selling Cars Using an Old Model.
Polestar is adopting a non-genuine sales model. What is a non-genuine model anyway?
Swedish EV maker Polestar plans to enter seven markets in 2025
Polestar intends to launch in seven markets next year, the Swedish electric-vehicle maker said on Monday, as it looks to attract new customers.
Polestar expands commercial footprint and retail operations; announces plans to enter seven new markets during 2025
GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) is expanding its commercial footprint and retail operations across existing and new markets, as its model line-up continues to grow. The co...
Qosina Introduces New iDOT™ Single-Use Sensor Bag Ports from Polestar Technologies
RONKONKOMA, N.Y.--(BUSINESS WIRE)-- #biopharma--Qosina, a global supplier of OEM single-use components to the medical and pharmaceutical industries, has partnered with Polestar Technologies, a leader ...
Polestar Reduces Supply Chain Emissions Through Integration of Renewable Fuels for Ocean Freight
GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) is taking the next steps in reducing its supply chain emissions by integrating renewable fuels on its ocean freight routes, which account f...
Polestar Expects to Publish Its Full Year 2023 and First Quarter 2024 Results by the End of June
GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) announces that it expects to file its Annual Report for 2023 on Form 20-F and publish its preliminary unaudited financial and operational r...
Swedish EV maker Polestar confirms delay in Q1 earnings report
Swedish electric vehicle maker Polestar , will not be reporting its first-quarter results on May 23, a spokesperson confirmed in an email to Reuters on Wednesday.
Swedish EV maker Polestar gets Nasdaq notice on potential de-listing
Swedish electric vehicle firm Polestar said on Friday it received a deficiency notice from the Nasdaq stock exchange for not filing its annual report on Form 20-F with the U.S. securities regulator fo...
Polestar Acknowledges Receipt of Deficiency Notice From Nasdaq
GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) announces that, as a consequence of not having filed its Annual Report on Form 20-F for the fiscal year ended 31 December 2023, the Company...
Just one company sells Chinese-made EVs in the U.S. Here's how it's navigating Biden's new tariffs.
President Joe Biden's new tariffs on Chinese electric vehicles are widely viewed as not having much immediate impact, and that's because such EVs aren't widely sold in the U.S.
EV maker Polestar to delay fourth-quarter results for a second time
Swedish electric-vehicle maker Polestar Automotive will delay the publication of its fourth-quarter and full-year 2023 financial results for a second time, a spokesperson for the company said on Tuesd...
Polestar and StoreDot Successfully Charge Polestar 5 Prototype From 10-80% in 10 Minutes
GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar and fast-charging battery pioneer StoreDot have successfully demonstrated the implementation of StoreDot's Extreme Fast Charging (XFC) technology in a car...
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...