Gores GuggenheimPSNY
PSNY
About: Polestar Automotive Holding UK PLC operates as an electric vehicle manufacturer. It engages in designing products that are engineered to excite consumers and drive change. Polestar defines market-leading standards in design, technology, and sustainability. Polestar was established as a premium electric car brand by Volvo Cars and Geely Holdings. Polestar has produced two electric performance cars namely Polestar 1 and Polestar 2. Geographically, it derives a majority of revenue from USA.
Employees: 2,515
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
103% more capital invested
Capital invested by funds: $58.4M [Q2] → $119M (+$60.1M) [Q3]
7% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 30
0.77% less ownership
Funds ownership: 15.88% [Q2] → 15.11% (-0.77%) [Q3]
6% less funds holding
Funds holding: 109 [Q2] → 102 (-7) [Q3]
23% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 30
36% less call options, than puts
Call options by funds: $1.55M | Put options by funds: $2.41M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$1.25
26%
upside
Avg. target
$2.13
113%
upside
High target
$3
201%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
B of A Securities John Babcock 25% 1-year accuracy 1 / 4 met price target | 26%upside $1.25 | Neutral Initiated | 5 Dec 2024 |
Cantor Fitzgerald Andres Sheppard 85% 1-year accuracy 128 / 151 met price target | 201%upside $3 | Overweight Reiterated | 30 Sept 2024 |
Financial journalist opinion
Neutral
Business Wire
5 days ago
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 growing car programmes and overseeing the Company's daily operations. He will also work closely with Michael Lohscheller to translate the Company's strategy and vision into actionable plans across the whole business. Michael Lohscheller, Polestar CEO, says: “With his unique combination of strong oper.
Positive
Proactive Investors
2 weeks ago
Polestar nearing inflection point as deliveries ramp up, says Bank of America
Polestar is a pure-play electric vehicle manufacturer on the cusp of an inflection point, according to Bank of America analysts. Polestar “offers pure-play exposure to the growing EV market, is nearing an inflection point in sales volumes, and is improving its earnings profile”, they said in a research note.
Neutral
Business Wire
1 month ago
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 3 began around the U.S. and Canada in the past few weeks and now units manufactured in the South Carolina plant have begun as well. The SUV for the electric age plays an important role in the brand's continued development, as Polestar moves from a one- to a three-car brand with Polestar 2.
Neutral
Business Wire
1 month ago
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. Future Polestar cars in North America will adopt the NACS inlet as standard equipment and until then, Polestar owners can order a NACS adapter through their local Polestar Service Center. In addition, Polestar's in-car Google Maps will be updated to show all available NACS chargers. In Europe, Poles.
Positive
CNET
1 month ago
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.
Negative
Reuters
1 month ago
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 States.
Negative
The Motley Fool
1 month ago
Polestar Automotive Stock: Buy, Sell, or Hold?
Should you invest in this unloved electric vehicle maker?
Negative
The Motley Fool
2 months ago
Should You Buy Polestar Stock While It's Below $2.50?
The EV maker has faced numerous challenges over the past year, and a new management team will look to right the ship.
Positive
Reuters
2 months ago
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.
Neutral
Business Wire
2 months ago
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: 41,844). Michael Lohscheller, Polestar CEO, says: “Polestar has a great foundation to build upon, with access to the best EV technology, a global manufacturing capability and strong support from Geely. Together with the management team, we are conducting a review of our strategy and operations, to se.
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