Polestar Automotive Delays Yearly Report Filing

Polestar Automotive Holding UK PLC Sponsored ADR Class C ( (PSNYW) ) has released a notification of late filing.

Polestar Automotive Holding UK PLC has announced a delay in filing its Annual Report on Form 20-F (Yearly Report) for the financial period ending December 31, 2024. The delay is attributed to the extensive effort and expense required to compile, review, and finalize the necessary information. The company anticipates submitting the report within the 15-day extension period provided by the SEC. Importantly, Polestar does not expect any significant changes in its financial results compared to the previous fiscal year. The notification was signed by CEO Michael Lohscheller and CFO Jean-François Mady, indicating ongoing compliance efforts.

Spark’s Take on PSNYW Stock

According to Spark, TipRanks’ AI Analyst, PSNYW is a Neutral.

The overall stock score of 42 reflects significant financial instability and risks, as indicated by negative equity, sustained losses, and cash flow challenges. While there is some technical momentum and promising strategic guidance from the earnings call, these are outweighed by the financial challenges. The lack of valuation metrics adds uncertainty, further affecting the score.

To see Spark’s full report on PSNYW stock, click here.

More about Polestar Automotive Holding UK PLC Sponsored ADR Class C

YTD Price Performance: 10.0%

Average Trading Volume: 77,464

Technical Sentiment Signal: Buy

Current Market Cap: $2.28B

Find detailed analytics on PSNYW stock on TipRanks’ Stock Analysis page.