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Polestar Automotive Holding UK
(NASDAQ:PSNY)
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Rating:42Neutral
Price Target:
$4.50
▼(-63.71% Downside)
Action:Reiterated
Date:10/09/26
PSNY scores low primarily due to very weak financial fundamentals—negative gross profit, deeply negative margins, large ongoing cash burn, and a stressed balance sheet with negative equity—indicating elevated execution and financing risk. Technicals reinforce the downside bias with the stock far below key moving averages and negative MACD, even though momentum is extremely oversold. The earnings call provided some positives around retail momentum, footprint expansion, and expected H2 cash-burn improvement, but these are outweighed by reduced volume guidance, continued negative profitability, and the U.S. regulatory setback.
Positive Factors
Retail Expansion and Sales Growth
Record retail deliveries and a rapidly expanding sales network indicate improving commercial execution and broader customer access. Greater coverage across markets can support sustained brand visibility, improve conversion opportunities, and provide a stronger platform for future model launches.
Negative Factors
Persistent Negative Profitability
Negative gross profit means vehicle sales are not currently covering their direct costs, while deeply negative net margins show that scale has not yet translated into sustainable earnings. Continued pricing pressure and production-cost challenges could delay a durable path to profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Retail Expansion and Sales Growth
Record retail deliveries and a rapidly expanding sales network indicate improving commercial execution and broader customer access. Greater coverage across markets can support sustained brand visibility, improve conversion opportunities, and provide a stronger platform for future model launches.
Read all positive factors
Polestar Automotive Holding UK Key Performance Indicators (KPIs)
Any
Retail Sales Units
Counts the number of Polestar vehicles sold to end customers, showing real demand, revenue-driving volume, and how well new models and pricing are resonating with buyers—key for near-term growth and production planning.
Counts the number of Polestar vehicles sold to end customers, showing real demand, revenue-driving volume, and how well new models and pricing are resonating with buyers—key for near-term growth and production planning.
Data provided by:
The Fly
The FlyPolestar Automotive Holding UK (PSNY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$868.50M
Dividend YieldN/A
Average Volume (3M)313.61K
Price to Earnings (P/E)―
Beta (1Y)1.30
Revenue Growth17.58%
EPS Growth50.60%
CountryUS
Employees1,686
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-17.48
Shares Outstanding163,283,700
10 Day Avg. Volume262,392
30 Day Avg. Volume313,609
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)-0.39
Price to Sales (P/S)0.65
P/FCF Ratio-1.44
Enterprise Value/Market Cap8.77
Enterprise Value/Revenue2.58
Enterprise Value/Gross Profit-57.53
Enterprise Value/Ebitda-7.54
Forecast
1Y Price Target
$7.50Price Target Upside-39.52% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)-10.37
Revenue Forecast (FY)$3.17B
Polestar Automotive Holding UK Business Overview & Revenue Model
Company Description
Polestar Automotive Holding UK PLC, an enterprise established in 2017 and based in Gothenburg, Sweden, specializes in the production and global distribution of upscale electric automobiles....
How the Company Makes Money
Polestar primarily makes money by selling Polestar-branded vehicles to end customers and, in some cases, through wholesale arrangements with retail/partner channels. Vehicle revenue is generated from the purchase price of new cars and can be influ...
Polestar Automotive Holding UK Earnings Call Summary
Earnings Call Date:Sep 03, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Neutral
The call presented meaningful operational and strategic progress, including record first-half retail sales, a 39% expansion in the retail footprint, improved reported operating and net losses, new product launches and a strengthened capital structure. However, profitability remained weak, adjusted EBITDA losses increased, second-quarter sales and revenue declined, cash declined amid substantial operating outflow, full-year volume guidance was reduced to low to mid-single-digit growth, and the U.S. regulatory decision created an estimated USD 130 million restructuring impact and prevented model year 2027 vehicle sales in the U.S. Overall, the positive commercial and balance-sheet developments were balanced by significant financial and market challenges.Positive Updates
Record First-Half Retail Sales
Polestar delivered a record first half with retail sales of 30,423 cars, supported by the transition to an active selling model, retail network expansion, and stronger contribution from the Polestar 4 coupe, the company's best-selling car.
Negative Updates
Full-Year Volume Guidance Reduced
Polestar updated its full-year 2026 volume outlook to low to mid-single-digit growth, reflecting continued market pressure across the industry, portfolio transition and current market conditions.
Read all updates
Q2-2026 Updates
Positive
Negative
Record First-Half Retail Sales
Polestar delivered a record first half with retail sales of 30,423 cars, supported by the transition to an active selling model, retail network expansion, and stronger contribution from the Polestar 4 coupe, the company's best-selling car.
Read all positive updates
Company Guidance
Polestar updated its full year volume outlook to low to mid-single-digit growth; Polestar 4 SUV customer deliveries will start in the fourth quarter and ramp up into next year, while carbon credit sales are expected to follow the same pattern with revenue weighted towards the second half of the year. For 2027, Polestar said more would come on precise volume numbers, with Polestar 4 with the 2 variants and Polestar 2 expected to be the dominant volume drivers, and Polestar 5 less important in terms of overall volume. Entering H2, the company said it should expect a significant reduction in terms of cash burn, having cut about 1/3 its CapEx spending, and it will sell model year '26 in the U.S. but is not able to sell model year '27.Polestar Automotive Holding UK Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
8
Very Negative
Cash Flow
10
Very Negative
| Breakdown | TTM | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.95B | 3.06B | 2.03B | 2.38B | 2.44B | 1.34B |
| Gross Profit | -132.44M | -1.08B | -876.17M | -413.08M | 119.44M | 11.06M |
| EBITDA | -1.01B | -1.93B | -1.67B | -826.89M | -229.51M | -716.10M |
| Net Income | -1.97B | -2.36B | -2.05B | -1.19B | -479.02M | -1.01B |
Balance Sheet | ||||||
| Total Assets | 3.52B | 3.93B | 4.05B | 4.12B | 3.94B | 3.31B |
| Cash, Cash Equivalents and Short-Term Investments | 887.58M | 1.18B | 739.24M | 768.93M | 973.88M | 757.93M |
| Total Debt | 6.02B | 6.49B | 5.01B | 3.58B | 1.44B | 825.41M |
| Total Liabilities | 8.25B | 9.05B | 7.38B | 5.38B | 4.08B | 3.19B |
| Stockholders Equity | -4.73B | -5.12B | -3.33B | -1.26B | -133.34M | 122.50M |
Cash Flow | ||||||
| Free Cash Flow | -2.23B | -1.37B | -1.35B | -2.03B | -1.80B | -441.83M |
| Operating Cash Flow | -1.97B | -914.99M | -991.21M | -1.89B | -1.09B | -312.16M |
| Investing Cash Flow | -831.03M | -520.68M | -412.56M | -417.62M | -715.97M | -129.67M |
| Financing Cash Flow | 2.78B | 1.69B | 1.42B | 2.10B | 2.09B | 909.57M |
Polestar Automotive Holding UK Technical Analysis
Negative
12.40
Price Trends
10.19
Negative
14.40
Negative
16.52
Negative
Market Momentum
-1.33
Negative
14.97
Positive
9.63
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PSNY, the sentiment is Negative. The current price of 12.4 is above the 20-day moving average (MA) of 6.74, above the 50-day MA of 10.19, and below the 200-day MA of 16.52, indicating a bearish trend. The MACD of -1.33 indicates Negative momentum. The RSI at 14.97 is Positive, neither overbought nor oversold. The STOCH value of 9.63 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PSNY.
Polestar Automotive Holding UK Risk Analysis
Polestar Automotive Holding UK disclosed 73 risk factors in its most recent earnings report. Polestar Automotive Holding UK reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Polestar Automotive Holding UK Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $1.51T | 324.32 | 4.58% | ― | 11.75% | -37.64% | |
47 Neutral | $439.63M | -1.04 | 34.67% | ― | -43.74% | 58.87% | |
47 Neutral | $20.21B | -5.41 | -67.49% | ― | 14.21% | 20.20% | |
46 Neutral | $7.16B | -1.72 | 61.71% | ― | 74.15% | -29.12% | |
42 Neutral | $868.50M | -0.30 | 39.95% | ― | 17.58% | 50.60% | |
42 Neutral | $1.49B | -0.28 | -254.84% | ― | 66.54% | -22.69% |
* Consumer Cyclical Sector Average
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Polestar Automotive Holding UK
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.