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Polestar Automotive Holding UK PLC Sponsored ADR Class C
(NASDAQ:PSNYW)
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Rating:51Neutral
Price Target:
$5.00
▼(-7.06% Downside)
Action:Reiterated
Date:09/06/26
The score is held down primarily by very weak financial performance (large losses, negative gross margins, heavy cash burn, and negative equity with sizable debt). Technicals are a key offset, with price trending above major moving averages and supportive momentum readings. Earnings-call factors are mixed—cost/cash-burn reduction efforts and funding actions help, but guidance was lowered and regulatory/pricing pressures remain significant. Valuation is not supportive due to negative earnings and no dividend data.
Positive Factors
Expanding retail reach and sales
Record first-half retail sales and a rapidly expanding sales network indicate improving commercial execution and broader customer access. A larger retail footprint can support sustained volume growth, strengthen brand visibility, and help Polestar capture demand as new models enter additional markets.
Negative Factors
Severely unprofitable operating model
Polestar is growing revenue without yet covering production and operating costs, as shown by deeply negative gross margins and very large losses. Until vehicle economics improve sustainably, additional sales may not translate into earnings and the company remains exposed to continued funding needs.
Read all positive and negative factors
Positive Factors
Negative Factors
Expanding retail reach and sales
Record first-half retail sales and a rapidly expanding sales network indicate improving commercial execution and broader customer access. A larger retail footprint can support sustained volume growth, strengthen brand visibility, and help Polestar capture demand as new models enter additional markets.
Read all positive factors
Polestar Automotive Holding UK PLC Sponsored ADR Class C (PSNYW) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.52B
Dividend YieldN/A
Average Volume (3M)424.86K
Price to Earnings (P/E)―
Beta (1Y)-0.94
Revenue Growth17.58%
EPS GrowthN/A
CountryUS
Employees1,686
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-26.96
Shares Outstanding683,332
10 Day Avg. Volume1,200,188
30 Day Avg. Volume424,859
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Polestar Automotive Holding UK PLC Sponsored ADR Class C Business Overview & Revenue Model
Company Description
Polestar Automotive Holding UK PLC, established in 2017, is headquartered in Gothenburg, Sweden, and specializes in the creation and distribution of high-end electric automobiles....
How the Company Makes Money
Polestar primarily makes money by selling vehicles to customers (retail sales) and, where applicable, through fleet and commercial sales, with revenue recognized from the delivery of cars and related vehicle components. In addition to vehicle sale...
Polestar Automotive Holding UK PLC Sponsored ADR Class C 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 had a mixed but cautiously constructive tone. Polestar highlighted record first-half retail sales, network expansion, improved reported operating and net losses, significant funding actions, and new products aimed at larger market segments. However, the business remains financially challenged, with negative gross margins, a higher adjusted EBITDA loss, lower revenue, continued pricing and tariff pressure, a reduced 2026 volume outlook, substantial U.S. restructuring adjustments and a lower cash balance. The positive operational and product developments were balanced by significant financial and regulatory challenges.Positive Updates
Record First-Half Retail Sales
Polestar delivered record first-half retail sales of 30,423 cars, supported by the transition to an active selling model, expansion of the retail network and stronger contribution from the Polestar 4 coupe.
Negative Updates
Full-Year Volume Outlook Reduced
Polestar updated its full-year 2026 volume outlook to low to mid-single-digit growth, reflecting continued market pressure across the industry and portfolio transition.
Read all updates
Q2-2026 Updates
Positive
Negative
Record First-Half Retail Sales
Polestar delivered record first-half retail sales of 30,423 cars, supported by the transition to an active selling model, expansion of the retail network and stronger contribution from the Polestar 4 coupe.
Read all positive updates
Company Guidance
Polestar updated its full year volume outlook to low to mid-single-digit growth, reflecting current market conditions, portfolio changes and its focus on quality 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, the company 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, Polestar expects a significant reduction in terms of cash burn, and said it has cut about 1/3 its CapEx spending.Polestar Automotive Holding UK PLC Sponsored ADR Class C Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
8
Very Negative
Cash Flow
10
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.06B | 2.03B | 2.38B | 2.44B | 1.34B |
| Gross Profit | -1.08B | -876.17M | -413.08M | 119.44M | 11.06M |
| EBITDA | -1.93B | -1.67B | -826.89M | -229.51M | -716.10M |
| Net Income | -2.36B | -2.05B | -1.19B | -479.02M | -1.01B |
Balance Sheet | |||||
| Total Assets | 3.93B | 4.05B | 4.12B | 3.94B | 3.31B |
| Cash, Cash Equivalents and Short-Term Investments | 1.18B | 739.24M | 768.93M | 973.88M | 757.93M |
| Total Debt | 6.49B | 5.01B | 3.58B | 1.44B | 825.41M |
| Total Liabilities | 9.05B | 7.38B | 5.38B | 4.08B | 3.19B |
| Stockholders Equity | -5.12B | -3.33B | -1.26B | -133.34M | 122.50M |
Cash Flow | |||||
| Free Cash Flow | -1.37B | -1.35B | -2.03B | -1.80B | -441.83M |
| Operating Cash Flow | -914.99M | -991.21M | -1.89B | -1.09B | -312.16M |
| Investing Cash Flow | -520.68M | -412.56M | -417.62M | -715.97M | -129.67M |
| Financing Cash Flow | 1.69B | 1.42B | 2.10B | 2.09B | 909.57M |
Polestar Automotive Holding UK PLC Sponsored ADR Class C Technical Analysis
Positive
5.38
Price Trends
3.09
Positive
3.07
Positive
3.77
Positive
Market Momentum
0.74
Negative
59.55
Neutral
53.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PSNYW, the sentiment is Positive. The current price of 5.38 is above the 20-day moving average (MA) of 3.89, above the 50-day MA of 3.09, and above the 200-day MA of 3.77, indicating a bullish trend. The MACD of 0.74 indicates Negative momentum. The RSI at 59.55 is Neutral, neither overbought nor oversold. The STOCH value of 53.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PSNYW.
Polestar Automotive Holding UK PLC Sponsored ADR Class C Risk Analysis
Polestar Automotive Holding UK PLC Sponsored ADR Class C disclosed 73 risk factors in its most recent earnings report. Polestar Automotive Holding UK PLC Sponsored ADR Class C 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 PLC Sponsored ADR Class C 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% | |
52 Neutral | $22.79B | -6.10 | -67.49% | ― | 14.21% | 20.20% | |
51 Neutral | $1.52B | -0.41 | 45.67% | ― | 17.58% | ― | |
50 Neutral | $10.59B | -23.03 | -10.72% | ― | 28.99% | 24.33% | |
47 Neutral | $9.43B | -13.06 | -108.55% | ― | 69.72% | 82.72% | |
45 Neutral | $12.51B | -18.03 | -6.52% | ― | -24.71% | -158.82% | |
43 Neutral | $1.84B | -0.34 | -254.84% | ― | 66.54% | -22.69% |
* Consumer Cyclical Sector Average
PSNYW
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Polestar Automotive Holding UK PLC Sponsored ADR Class C Corporate Events
Polestar Secures USD 400 Million Convertible Term Loan from Geely Affiliate
Sep 3, 2026
On September 3, 2026, Polestar Automotive Holding UK PLC entered into a USD 400 million term loan facility with affiliate Geely Sweden Automotive Investment AB, comprising a committed USD 100 million U.S.-dollar tranche and an uncommitted USD 300 ...
Polestar Narrows Net Loss but Sees Revenue Dip in First-Half 2026 Results
Sep 3, 2026
Polestar reported its financial and operational results for the six months ended June 30, 2026, via a Form 6-K furnished on September 3, 2026, including management’s discussion and analysis and unaudited condensed consolidated interim financ...
Polestar Adds Volvo Executive Arek Nowinski to Board as Francesca Gamboni Retires
Aug 27, 2026
On August 26, 2026, Polestar announced a change to its Board of Directors, appointing Arek Nowinski, currently Head of Eastern Europe, Middle East, Africa and Asia Pacific at Volvo Cars, to the board. Nowinski, who brings extensive international s...
Polestar Posts Record H1 2026 Retail Sales as New Models and Retail Expansion Offset Headwinds
Jul 9, 2026
On July 9, 2026, Polestar reported that its retail sales reached an estimated record 30,423 cars in the first half of 2026, with 17,296 cars sold in the second quarter, representing marginal overall growth year-on-year but a 4% decline in quarterl...
Polestar Converts $640 Million of Shareholder Debt to Equity and Expands Green Trade Finance Line
Jul 1, 2026
On June 30, 2026, Polestar completed debt-to-equity conversions of approximately USD 300 million owed to Geely Sweden Automotive Investment and USD 66 million owed to Volvo’s subsidiary Snita, issuing a total of 19.4 million Class A ADS and ...
Polestar Shareholders Back All AGM Resolutions and Appoint New Auditor
Jun 26, 2026
On June 26, 2026, Polestar Automotive Holding UK PLC held its 2026 annual general meeting of shareholders, at which a quorum representing 2,686,453,200 votes was present. Shareholders approved the 2025 annual report and audited financial statement...
Polestar Refocuses on Europe After U.S. Connected Vehicle Rule Blocks 2027 Sales
Jun 25, 2026
On June 25, 2026, Polestar announced it is sharpening its strategic focus on Europe, which already accounts for close to 80% of its retail sales, by expanding its regional sales network and preparing to localize manufacturing of future models such...
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.