Cantor Fitzgerald Has Weak Estimate for PSNY FY2025 Earnings

Key Points

• Cantor Fitzgerald has decreased its FY2025 EPS estimate for Polestar Automotive Holding UK to ($0.93) per share, down from a previous estimate of ($0.56), maintaining a "Neutral" rating on the stock.
• Polestar's shares opened at $1.01, experiencing a 2.9% decline and reflecting a market capitalization of $2.16 billion.
• Institutional investors have shown activity in Polestar, with some, like Russell Investments Group, increasing their positions by as much as 45% during the second quarter.

Polestar Automotive Holding UK PLC (NASDAQ:PSNY - Free Report) - Investment analysts at Cantor Fitzgerald cut their FY2025 earnings estimates for Polestar Automotive Holding UK in a research report issued on Thursday, September 4th. Cantor Fitzgerald analyst A. Sheppard now expects that the company will earn ($0.93) per share for the year, down from their prior forecast of ($0.56). Cantor Fitzgerald currently has a "Neutral" rating on the stock. The consensus estimate for Polestar Automotive Holding UK's current full-year earnings is ($0.59) per share. Cantor Fitzgerald also issued estimates for Polestar Automotive Holding UK's FY2026 earnings at ($0.60) EPS.

Polestar Automotive Holding UK Trading Down 2.3%

PSNY stock traded down $0.02 on Monday, hitting $0.94. The company had a trading volume of 5,421,732 shares, compared to its average volume of 6,106,168. Polestar Automotive Holding UK has a 12-month low of $0.84 and a 12-month high of $1.94. The stock's 50-day simple moving average is $1.09 and its 200 day simple moving average is $1.08. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of -1.65 and a beta of 1.44.

Institutional Trading of Polestar Automotive Holding UK

Several institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in Polestar Automotive Holding UK during the fourth quarter valued at $33,000. SCS Capital Management LLC purchased a new position in Polestar Automotive Holding UK during the first quarter valued at $43,000. Russell Investments Group Ltd. grew its stake in Polestar Automotive Holding UK by 45.0% during the second quarter. Russell Investments Group Ltd. now owns 47,970 shares of the company's stock valued at $51,000 after acquiring an additional 14,877 shares in the last quarter. Focus Partners Wealth purchased a new position in shares of Polestar Automotive Holding UK in the 1st quarter worth $62,000. Finally, Captrust Financial Advisors grew its stake in shares of Polestar Automotive Holding UK by 43.2% in the 2nd quarter. Captrust Financial Advisors now owns 58,700 shares of the company's stock worth $63,000 after buying an additional 17,700 shares in the last quarter. 1.02% of the stock is currently owned by institutional investors.

Polestar Automotive Holding UK Company Profile

Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.