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Polestar Automotive Holding UK PLC Sponsored ADR Class C ( (PSNYW) ) has issued an announcement.
On June 16, 2025, Polestar Automotive Holding UK PLC announced a USD 200 million equity investment from PSD Investment Limited, an entity controlled by Mr. Li Shufu. This investment involves the sale of 190,476,190 Class A American Depositary Shares at USD 1.05 each, through a private investment in public equity. PSD Investment plans to convert 20 million Class B ADS shares into Class A ADS shares to maintain its voting power below 50%. The funds will be used for Polestar’s working capital and general corporate purposes, potentially strengthening its market position and operational capabilities.
Spark’s Take on PSNYW Stock
According to Spark, TipRanks’ AI Analyst, PSNYW is a Neutral.
The most significant factor is the company’s precarious financial position, marked by negative equity and cash flow challenges. Despite positive developments in sales growth and operational efficiencies, the lack of valuation metrics and technical weaknesses weigh heavily on the overall score.
To see Spark’s full report on PSNYW stock, click here.
More about Polestar Automotive Holding UK PLC Sponsored ADR Class C
Polestar Automotive Holding UK PLC is a Swedish electric performance car brand focused on innovative design and sustainability. Headquartered in Gothenburg, Sweden, Polestar operates in 27 markets globally, including North America, Europe, and Asia Pacific. The company currently offers three models: Polestar 2, Polestar 3, and Polestar 4, with plans to introduce the Polestar 5, Polestar 6, and Polestar 7 in the future. Polestar is committed to reducing its carbon footprint, aiming to halve greenhouse gas emissions by 2030 per vehicle sold and achieve climate neutrality across its value chain by 2040.
Average Trading Volume: 68,225
Technical Sentiment Signal: Sell
Current Market Cap: $2.2B
Find detailed analytics on PSNYW stock on TipRanks’ Stock Analysis page.