Polestar Automotive Holding UK PLC (PSNY)

NASDAQ: PSNY · Real-Time Price · USD
1.090
+0.005 (0.46%)
At close: Jan 17, 2025, 4:00 PM
1.070
-0.020 (-1.83%)
After-hours: Jan 17, 2025, 7:46 PM EST
0.46%
Market Cap 2.30B
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 4,525,032
Open 1.090
Previous Close 1.085
Day's Range 1.050 - 1.095
52-Week Range 0.610 - 2.329
Beta 2.24
Analysts Hold
Price Target 1.39 (+27.52%)
Earnings Date Feb 10, 2025

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]

Founded 2017
Employees 2,515
Stock Exchange NASDAQ
Ticker Symbol PSNY
Full Company Profile

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 Statements

Analyst Forecast

According to 8 analysts, the average rating for PSNY stock is "Hold." The 12-month stock price forecast is $1.39, which is an increase of 27.52% from the latest price.

Price Target
$1.39
(27.52% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against Polestar Automotive Holding UK PLC (PSNY) and Encourages Stockholders to Learn More About the Investigation

NEW YORK CITY, NY / ACCESS Newswire / January 20, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Polestar Automotive Holding UK PLC ("Polestar" ...

7 hours ago - Accesswire

Are Polestar and Lotus Technology stocks good contrarian buys?

The Polestar stock price has crashed hard in the past few months. It collapsed from $16.40 in 2021 into a penny stock trading at $1.09.

20 hours ago - Invezz

Bronstein, Gewirtz & Grossman, LLC Encourages Polestar Automotive Holding UK PLC (PSNY) Investors to Inquire about Securities Investigation

NEW YORK CITY, NY / ACCESS Newswire / January 19, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Polestar Automotive Holding UK PLC ("Polestar" ...

1 day ago - Accesswire

Polestar: It Keeps Getting Worse

Polestar has struggled since its SPAC merger, badly missing delivery targets and burning cash, leading to multiple debt and equity raises. Despite restructuring efforts, Polestar's Q3 2024 results wer...

3 days ago - Seeking Alpha

Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Polestar Automotive Holding UK PLC (PSNY) And Encourages Investors to Reach Out

NEW YORK CITY, NY / ACCESS Newswire / January 17, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Polestar Automotive Holding UK PLC ("Polestar" ...

3 days ago - Accesswire

Polestar Automotive Holding UK PLC Investors: Company Investigated by the Portnoy Law Firm

Investors can contact the law firm at no cost to learn more about recovering their losses

3 days ago - GlobeNewsWire

Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Polestar Automotive Holding UK PLC (PSNY) And Encourages Stockholders to Reach Out

NEW YORK CITY, NY / ACCESS Newswire / January 16, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Polestar Automotive Holding UK PLC ("Polestar" ...

4 days ago - Accesswire

Polestar Automotive Holding UK PLC (PSNY) Business and Strategy Update (Transcript)

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) Business and Strategy Update January 16, 2024 8:00 AM ET Company Participants Michael Lohsceller - Chief Executive Officer Mona Abbasi - Customer Expe...

4 days ago - Seeking Alpha

Polestar digs in for another grim year

Volvo spinoff Polestar had a rough 2024, and 2025 looks like it could be just as difficult.

4 days ago - TechCrunch

EV maker Polestar's full-year car sales miss forecast

Polestar said on Thursday it sold fewer-than-expected cars and the Swedish EV maker's CEO added that it will take longer for the company to be profitable.

4 days ago - Reuters

Polestar targets profitability in 2025; Polestar 7 will be a premium compact SUV from Europe

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) today presents an updated strategy, as the Company starts its next chapter, with significant changes being made to improve operational, com...

4 days ago - Business Wire

Polestar Publishes Selected Results for the Third Quarter and Updates FY 2024 Guidance

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) today presents selected preliminary unaudited results for the third quarter and first nine months of 2024. Key financial highlights (in mil...

4 days ago - Business Wire

Polestar Earnings Preview: EU Demand Weak In 2024, But There Is Hope In 2025

Polestar Automotive Holding UK PLC is expected to report a Q3 loss of -$0.15 per share on $634M in revenues, with demand remaining weak. Analysts predict continued unprofitability and uncertain future...

7 days ago - Seeking Alpha

Polestar raises hope as order intake rises

Polestar on Thursday reported rises in fourth-quarter retail sales and order intake, raising optimism amongst jittery investors over demand for the Swedish EV maker's higher-priced models.

11 days ago - Reuters

Polestar Announces Global Volumes for the Fourth Quarter

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) retail sales totalled 12,256 cars in Q4 2024, up 5.3% versus Q4 2023, taking total retail sales for the full year to 44,851 in 2024, down 1...

11 days ago - Business Wire

Polestar Appoints Jonas Engström Chief Operating Officer

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) has appointed Jonas Engström to the role of Chief Operating Officer (COO). As COO, Jonas's main focus will be the delivery of Polestar's gr...

4 weeks ago - Business Wire

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...

2 months ago - Business Wire

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...

2 months ago - Business Wire

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.

Other symbols: TSLA
2 months ago - CNET

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...

2 months ago - Reuters

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.

3 months ago - Reuters

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...

3 months ago - Business Wire

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...

3 months ago - GuruFocus

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...

Other symbols: INFY
4 months ago - PRNewsWire

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.

4 months ago - Market Watch