Polestar Automotive Holding UK (NASDAQ:PSNY) Receives Underweight Rating from Cantor Fitzgerald

Key Points

• Cantor Fitzgerald reaffirmed its “underweight” rating on Polestar Automotive Holding UK, while other analysts have also turned more negative; the stock has an overall “Sell” consensus rating.
• Polestar reported quarterly revenue of approximately $680 million and a loss of $3.15 per share, amid declining vehicle volumes, cash burn and continued profitability concerns.
• The company secured a $400 million convertible loan from a Geely affiliate to support liquidity, but reduced its full-year delivery-growth outlook after U.S. restrictions and weak EV demand pressured operations; the financing could also dilute shareholders.

Polestar Automotive Holding UK (NASDAQ:PSNY - Get Free Report)'s stock had its "underweight" rating reaffirmed by investment analysts at Cantor Fitzgerald in a report issued on Friday, Benzinga reports.

PSNY has been the subject of several other research reports. Weiss Ratings cut shares of Polestar Automotive Holding UK from a "sell (d-)" rating to a "sell (e+)" rating in a report on Tuesday, August 25th. Wall Street Zen lowered shares of Polestar Automotive Holding UK from a "hold" rating to a "sell" rating in a report on Sunday, July 12th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Sell".

Polestar Automotive Holding UK Price Performance

Shares of NASDAQ:PSNY opened at $8.69 on Friday. The business's 50-day moving average is $15.02 and its 200 day moving average is $17.79. Polestar Automotive Holding UK has a 1 year low of $8.03 and a 1 year high of $32.70. The firm has a market capitalization of $811.12 million, a P/E ratio of -0.45 and a beta of 1.32.

Polestar Automotive Holding UK (NASDAQ:PSNY - Get Free Report) last released its earnings results on Thursday, September 3rd. The company reported ($3.15) earnings per share (EPS) for the quarter. The company had revenue of $680.05 million during the quarter. On average, analysts expect that Polestar Automotive Holding UK will post -8.08 EPS for the current year.

Insiders Place Their Bets

In other news, Director Xiaojie (Laura) Shen acquired 2,436 shares of the company's stock in a transaction dated Monday, June 29th. The shares were acquired at an average price of $17.31 per share, with a total value of $42,167.16. Following the purchase, the director directly owned 7,369 shares of the company's stock, valued at $127,557.39. This trade represents a 49.38% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Francesca Paola Leandr Gamboni bought 1,709 shares of the business's stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average cost of $17.56 per share, with a total value of $30,010.04. Following the completion of the acquisition, the director owned 4,792 shares in the company, valued at approximately $84,147.52. This represents a 55.43% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have bought 15,129 shares of company stock worth $264,398. Corporate insiders own 0.02% of the company's stock.

Institutional Investors Weigh In On Polestar Automotive Holding UK

Hedge funds have recently modified their holdings of the company. California State Teachers Retirement System raised its holdings in Polestar Automotive Holding UK by 2,733.7% in the 2nd quarter. California State Teachers Retirement System now owns 1,318,995 shares of the company's stock worth $24,771,000 after purchasing an additional 1,272,449 shares during the period. Nykredit A S purchased a new position in Polestar Automotive Holding UK during the second quarter worth approximately $65,000. Public Employees Retirement System of Ohio purchased a new position in Polestar Automotive Holding UK during the second quarter worth approximately $277,000. EverSource Wealth Advisors LLC grew its holdings in Polestar Automotive Holding UK by 28,277.8% in the first quarter. EverSource Wealth Advisors LLC now owns 2,554 shares of the company's stock valued at $47,000 after purchasing an additional 2,545 shares during the period. Finally, Swiss National Bank grew its holdings in Polestar Automotive Holding UK by 195.4% in the first quarter. Swiss National Bank now owns 88,893 shares of the company's stock valued at $1,637,000 after purchasing an additional 58,800 shares during the period. 1.02% of the stock is owned by hedge funds and other institutional investors.

Polestar Automotive Holding UK News Summary

Here are the key news stories impacting Polestar Automotive Holding UK this week:

• Positive Sentiment: Polestar secured a $400 million convertible term loan from an affiliate of parent-company backer Geely. The funding should provide additional liquidity and support operations, although the convertible structure could eventually dilute shareholders. Polestar Secures USD 400 Million Convertible Term Loan from Geely Affiliate
• Neutral Sentiment: First-half results showed a narrower net loss, but the improvement was overshadowed by lower revenue and weak vehicle volumes. Polestar reported quarterly revenue of approximately $680 million and a loss of $3.15 per share. Polestar Narrows Net Loss but Sees Revenue Dip in First-Half 2026 Results
• Negative Sentiment: Management cut its full-year delivery-growth forecast after U.S. restrictions affecting China-linked electric vehicles forced Polestar out of the U.S. market. Weak EV demand and intense competition are adding pressure to the revised outlook. Polestar cuts full-year delivery forecast after US bars China-linked EV maker
• Negative Sentiment: Analysts and investors remain concerned about falling deliveries, an 8% revenue decline, substantial ongoing losses and heavy cash burn. One analysis highlighted negative working capital exceeding $4.7 billion and a weak balance sheet despite support from Geely and Volvo, raising financing and execution risks. Polestar Q2: Another New Low

About Polestar Automotive Holding UK

Polestar Automotive Holding UK PLC NASDAQ: PSNY is an electric performance car company specializing in the design, development and manufacture of premium electric vehicles. Established as an offshoot of Volvo Car Group’s high-performance Polestar division, the company focuses on delivering a blend of Scandinavian design, advanced electric powertrains and cutting-edge connectivity features.

The roots of Polestar date back to 1996 when it operated as Volvo’s in-house tuning and motorsport arm.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source