Polestar Automotive Holding UK PLC (PSNY)

NASDAQ: PSNY · IEX Real-Time Price · USD
+0.07 (3.37%)
Nov 29, 2023, 10:19 AM EST - Market open
Market Cap 4.54B
Revenue (ttm) 2.83B
Net Income (ttm) -730.85M
Shares Out 2.11B
EPS (ttm) -0.23
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 1,749,427
Open 2.10
Previous Close 2.08
Day's Range 2.10 - 2.25
52-Week Range 1.98 - 7.66
Beta n/a
Analysts Buy
Price Target 5.00 (+132.56%)
Earnings Date Nov 8, 2023

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 2,377
Stock Exchange NASDAQ
Ticker Symbol PSNY
Full Company Profile

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 Statements

Analyst Forecast

According to 4 analysts, the average rating for PSNY stock is "Buy." The 12-month stock price forecast is $5.0, which is an increase of 132.56% from the latest price.

Price Target
(132.56% upside)
Analyst Consensus: Buy
Stock Forecasts


Polestar 4 production starts; first customer deliveries expected before end of 2023

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY) confirms the successful start of production of Polestar 4, with first deliveries to customers in China expected before the end of 2023. Off...

14 days ago - Business Wire

Polestar CEO Thomas Ingenlath: We are open to international investment

Matt Miller and Guy Johnson interview Polestar CEO Thomas Ingenlath on Bloomberg and discuss the company's new models and outlook for EVs. --------

18 days ago - Bloomberg Markets and Finance

Polestar ($PSNY), Luminar ($LAZR), and MobilEye ($MBLY) to Integrate Autonomous Driving Capabilities

Luminar Technologies (NASDAQ: LAZR), a leading automotive technology company, has announced a collaboration with electric vehicle manufacturer Polestar Automotive (NASDAQ: PSNY) and autonomous technol...

Other symbols: LAZRMBLY
19 days ago - Green Stock News

Polestar the first EV maker to incorporate StoreDot's fast-charging batteries

Israeli start-up StoreDot said on Thursday Polestar Automotive will be the first automaker to incorporate its fast-charging battery cells, which can be recharged almost to full in 10 minutes, in its v...

19 days ago - Reuters

Red alert for Polestar stock price: a heap of headwinds ahead

Polestar (NASDAQ: PSNY) stock price freefall continued as the company slashed its guidance and warned of an impending capital raise. The shares collapsed to a low of $2.18 on Thursday, the lowest leve...

20 days ago - Invezz

Polestar cuts its guidance as it retools its business plan for lower EV sales, higher profits

Polestar said it is targeting a gross profit margin in the high teens, and deliveries of 155,000 to 165,000 vehicles, in 2025.

20 days ago - CNBC

Volvo Cars welcomes Polestar's strengthened business plan

GOTHENBURG, Sweden , Nov. 8, 2023 /PRNewswire/ -- Volvo Cars welcomes the strengthened business plan announced by Polestar today, which aims to take the company into a new phase of growth and profitab...

Other symbols: VLVLY
20 days ago - PRNewsWire

Start-Up Polestar Updated Its Guidance. It's Another Bleak Sign for EVs.

Polestar Automotive provided an updated business plan to investors on Wednesday. Things aren't getting better for the electric vehicle start-up.

20 days ago - Barrons

Swedish EV maker Polestar trims 2023 delivery forecast, halves margin target

Swedish electric vehicle (EV) maker Polestar trimmed its 2023 delivery forecast on Wednesday to the lower end of its earlier guidance and halved its gross margin target, amid fears of a slowdown in EV...

20 days ago - Reuters

Polestar Releases Third Quarter 2023 Financial Results

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar Automotive Holding UK PLC (“Polestar” or the “Company,” Nasdaq: PSNY), the Swedish electric performance car brand, reports its preliminary unaudited finan...

20 days ago - Business Wire

Polestar presents strengthened business plan and funding update

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, today presents a strengthened business plan which targets an acceler...

20 days ago - Business Wire

Polestar signs deal with South Korea's SK On for Polestar 5 EV

Electric vehicle maker Polestar said on Monday that it had signed an agreement with South Korean battery manufacturer SK On for the supply of battery cell modules for its upcoming Polestar 5 EV.

23 days ago - Reuters

Polestar Is Raising $1 Billion. Why the EV Stock Is Falling.

The company said it would raise the funds through a variety of methods, including share sales in a filing with the Securities and Exchange Commission late Tuesday.

7 weeks ago - Barrons

Polestar Day to Feature Future Technologies and Full Model Line-Up in Los Angeles on November 9

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar (Nasdaq: PSNY), the Swedish electric performance car brand, invites shareholders to attend an exclusive, in-person event on 9 November 2023 in Los Angeles...

7 weeks ago - Business Wire

EV Stock VinFast Gets More Love Than Polestar. Here's Why.

Electric-vehicle start-ups VinFast and Polestar reported third-quarter delivery figures. VinFast delivered fewer cars but the stock is up more.

Other symbols: VFS
7 weeks ago - Barrons

Swedish EV company Polestar delivered 13,900 vehicles in Q3, on track for 60,000 to 70,000 for the year

Polestar Automotive Holding UK PLC's stock PSNY, -5.02% rose 1.5% in premarket trade Thursday, after the Swedish electric vehicle company said it delivered about 13,900 vehicles in the third quarter, ...

7 weeks ago - Market Watch

Polestar Achieves Record Third Quarter Deliveries, up 50% Year-on-Year; Expects Higher Margins for the Remainder of 2023

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar Automotive Holding UK PLC (Nasdaq: PSNY), the Swedish electric performance car brand, reports its global deliveries for the third quarter of 2023. Polesta...

7 weeks ago - Business Wire

Seat massages, smartphones and driverless features: Automakers turn to tech to take on Tesla

Traditional automakers are looking to boost the software and driverless features of their cars in a bid to catch up to Tesla and appeal to Chinese consumers.

2 months ago - CNBC

Sell Polestar Stock. High-End EVs Is a Niche Business, Analyst Says.

Barclays analyst Dan Levy downgraded Polestar Automotive stock to Sell from Hold, and lowered his price target to $3 from $5.

2 months ago - Barrons

The Polestar 4 will launch in China with its own smartphone

Polestar, the Swedish EV maker owned by China's Geely Holdings, plans to launch a smartphone alongside its upcoming SUV the Polestar 4. CEO Thomas Ingenlath shared the company's smartphone plans with ...

2 months ago - TechCrunch

Tesla rival Polestar plans own smartphone launch alongside its first electric vehicle in China

The move underscores the way in which electric vehicle makers launching in China like Polestar are putting technology at the heart of their offering.

3 months ago - CNBC

Polestar second-quarter loss widens as it ramps up EV deliveries

Polestar is still on track to build 60,000 to 70,000 EVs in 2023, with two new models coming in the next several months.

3 months ago - CNBC

Polestar Earnings, Sales Fall Short. Why the Market Is Shrugging.

The EV maker reported a per-share loss of 14 cents from sales of $685 million. Wall Street was looking for a loss of 13 cents from sales of $756 million.

3 months ago - Barrons

Polestar posts narrower loss as supply chain challenges ease

Swedish electric vehicle maker Polestar's operating loss narrowed in its second quarter as the auto industry slowly recovers from pandemic-related supply chain bottlenecks.

3 months ago - Reuters

Polestar Reports Results for the Second Quarter, Expects Continued Strong Momentum for the Rest of the Year

GOTHENBURG, Sweden--(BUSINESS WIRE)--Polestar Automotive Holding UK PLC, the Swedish electric performance car brand, today reports its results for the second quarter of 2023.

3 months ago - Business Wire