Polestar Automotive Holding UK PLC Sponsored ADR Class C (PSNYW)
NASDAQ:PSNYW
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Polestar Automotive Holding UK PLC Sponsored ADR Class C
(NASDAQ:PSNYW)
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Rating:41Neutral
Price Target:
$2.50
▼(-39.02% Downside)
Action:UpgradedDate:01/24/26
The score is primarily weighed down by weak financial performance (loss-making operations, negative equity, and negative cash flows) and reinforced by bearish technical signals (price below key moving averages and negative MACD). Valuation impact is limited because P/E and dividend yield were not provided.
Positive Factors
Record Retail Sales Growth
Sustained unit growth (34% YoY in 2025) and expanded sales network (>50% ex-China) indicate improving market traction and scale. Higher volumes can drive better factory utilization, lower per-unit costs, and stronger bargaining leverage with suppliers, supporting durable revenue expansion.
Negative Factors
Negative Equity & High Leverage
Negative equity and elevated leverage reflect structural solvency concerns that constrain strategic flexibility. Higher financial risk increases refinancing costs, limits capacity for capex or R&D, and raises the importance of continued external funding to sustain operations beyond routine cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Record Retail Sales Growth
Sustained unit growth (34% YoY in 2025) and expanded sales network (>50% ex-China) indicate improving market traction and scale. Higher volumes can drive better factory utilization, lower per-unit costs, and stronger bargaining leverage with suppliers, supporting durable revenue expansion.
Read all positive factors
Polestar Automotive Holding UK PLC Sponsored ADR Class C (PSNYW) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.92B
Dividend YieldN/A
Average Volume (3M)1.87M
Price to Earnings (P/E)―
Beta (1Y)-0.63
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees2,547
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)N/A
Shares Outstanding683,332
10 Day Avg. Volume4,844,664
30 Day Avg. Volume1,871,395
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)-0.67
Price to Sales (P/S)1.09
P/FCF Ratio-1.64
Enterprise Value/Market Cap3.31
Enterprise Value/Revenue2.50
Enterprise Value/Gross Profit-7.70
Enterprise Value/Ebitda-15.29
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 manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden....
How the Company Makes Money
Polestar generates revenue primarily through the sales of its electric vehicles (EVs), which include models such as the Polestar 2 and the upcoming Polestar 3. The company operates a direct-to-consumer sales model, which allows it to maintain high...
Polestar Automotive Holding UK PLC Sponsored ADR Class C Earnings Call Summary
Earnings Call Date:Sep 03, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Neutral
While Polestar demonstrated strong revenue and retail sales growth, along with successful market expansions and product achievements, significant challenges such as negative gross margins, U.S. market difficulties, and financial pressures due to tariffs and cash burn rate raise concerns. The company is making strategic adjustments but faces a tough external environment.Positive Updates
Strong Revenue Growth
Revenue increased by 56% to $1.4 billion in the first half of 2025, driven by higher sales volumes and increased sales of higher-priced models such as Polestar 3 and Polestar 4.
Negative Updates
Negative Gross Margin
Gross margin was negative at 49% due to an impairment expense of $739 million for Polestar 3 assets.
Read all updates
Q2-2025 Updates
Positive
Negative
Strong Revenue Growth
Revenue increased by 56% to $1.4 billion in the first half of 2025, driven by higher sales volumes and increased sales of higher-priced models such as Polestar 3 and Polestar 4.
Read all positive updates
Company Guidance
In the Polestar First Half 2025 Results Conference Call, the company reported significant growth in key metrics, highlighting a 51% increase in retail sales volume to over 30,000 cars, surpassing their growth target of 30% to 35% for 2025 to 2027. Revenue rose by 56% to $1.4 billion, driven by higher sales volume and a growing share of higher-priced models, Polestar 3 and Polestar 4. The adjusted gross margin improved to a positive 1.4% from a negative 2.6% the previous year, although the gross margin was negatively impacted by a $739 million impairment expense for Polestar 3 assets. The company also achieved $90 million in carbon credit sales, contributing positively to profitability. Despite challenges such as tariffs and pricing pressures, Polestar focused on enhancing operating efficiency, cost discipline, and improving its cash position, with a cash balance of $719 million at the end of June. The company secured $200 million in new equity and approximately $1 billion in loan facilities to fund operations. However, due to ongoing external headwinds, Polestar did not issue any new financial guidance, maintaining their target of 30% to 35% compound annual retail sales volume growth over 2025 to 2027.Polestar Automotive Holding UK PLC Sponsored ADR Class C Financial Statement Overview
Summary
Income Statement
25
Negative
Balance Sheet
20
Very Negative
Cash Flow
30
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.55B | 2.03B | 2.38B | 2.44B | 1.34B | 610.25M |
| Gross Profit | -828.47M | -876.17M | -413.08M | 119.44M | 11.06M | 56.52M |
| EBITDA | -417.20M | -1.67B | -826.89M | -229.51M | -716.10M | -226.89M |
| Net Income | -2.27B | -2.05B | -1.19B | -479.02M | -1.01B | -484.86M |
Balance Sheet | ||||||
| Total Assets | 3.64B | 4.05B | 4.12B | 3.94B | 3.31B | 2.55B |
| Cash, Cash Equivalents and Short-Term Investments | 718.63M | 739.24M | 768.93M | 973.88M | 757.93M | 316.42M |
| Total Debt | 5.65B | 5.01B | 3.58B | 1.44B | 825.41M | 436.52M |
| Total Liabilities | 7.91B | 7.38B | 5.38B | 4.08B | 3.19B | 1.97B |
| Stockholders Equity | -4.27B | -3.33B | -1.26B | -133.34M | 122.50M | 580.71M |
Cash Flow | ||||||
| Free Cash Flow | -1.47B | -1.35B | -2.03B | -1.80B | -441.83M | -300.76M |
| Operating Cash Flow | -1.32B | -991.21M | -1.89B | -1.09B | -312.16M | -57.05M |
| Investing Cash Flow | -379.15M | -412.56M | -417.62M | -715.97M | -129.67M | -243.71M |
| Financing Cash Flow | 1.67B | 1.42B | 2.10B | 2.09B | 909.57M | 359.64M |
Polestar Automotive Holding UK PLC Sponsored ADR Class C Technical Analysis
Negative
4.10
Price Trends
3.70
Positive
4.63
Negative
5.65
Negative
Market Momentum
0.18
Positive
48.23
Neutral
32.23
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PSNYW, the sentiment is Negative. The current price of 4.1 is below the 20-day moving average (MA) of 4.60, above the 50-day MA of 3.70, and below the 200-day MA of 5.65, indicating a neutral trend. The MACD of 0.18 indicates Positive momentum. The RSI at 48.23 is Neutral, neither overbought nor oversold. The STOCH value of 32.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
55 Neutral | $19.10B | 109.05 | 1.55% | ― | -9.99% | -54.75% | |
50 Neutral | $17.26B | -60.90 | -3.77% | ― | 86.57% | 51.35% | |
47 Neutral | $2.89B | -1.22 | -133.09% | ― | 45.86% | 22.13% | |
47 Neutral | $18.79B | -7.49 | -66.53% | ― | 28.21% | 44.43% | |
45 Neutral | $14.54B | -5.57 | -984.82% | ― | 14.94% | 2.53% | |
41 Neutral | $1.92B | -0.95 | 59.82% | ― | ― | ― |
* Consumer Cyclical Sector Average
PSNYW
Polestar Automotive Holding UK PLC Sponsored ADR Class C
3.67
-0.83
-18.44%
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Polestar Automotive Holding UK PLC Sponsored ADR Class C Corporate Events
Polestar Raises USD 400 Million in New Equity Deal Backed by SMBC and Standard Chartered
Feb 2, 2026
On 2 February 2026, Polestar announced it had secured a USD 400 million equity investment through a private placement of 20.7 million Class A American Depositary Shares at USD 19.34 each to Feathertop Funding Limited, consolidated to Sumitomo Mits...
Polestar Posts Record 2025 Retail Sales and Restores Nasdaq Listing Compliance
Jan 9, 2026
Polestar Automotive Holding UK PLC, the Swedish-listed electric performance car maker, reported record estimated retail sales for 2025, highlighting its growing presence in key European and global EV markets as it expands its sales network and mod...
Polestar Secures USD 300 Million PIPE and USD 300 Million Debt-to-Equity Swap to Bolster Liquidity
Dec 19, 2025
On 19 December 2025, Polestar announced a USD 300 million private equity investment via a PIPE from Banco Bilbao Vizcaya Argentaria and Natixis, each committing USD 150 million, at a price of USD 19.34 per Class A ADS, with no single institution t...
Polestar Secures USD 600 Million Term Loan Facility
Dec 16, 2025
On December 16, 2025, Polestar announced a new credit agreement for a USD 600 million term loan facility with Geely Sweden Automotive Investment AB, a subsidiary of Geely Sweden Holdings AB. The facility, which is available for general corporate p...
Polestar Announces ADS Ratio Change Effective December 9, 2025
Dec 4, 2025
On December 4, 2025, Polestar Automotive Holding UK PLC announced the implementation date for a change in the ratio of its American Depositary Shares (ADS) to ordinary shares, set for December 9, 2025. The new ratio will change from one ADS to one...
Polestar Announces ADS Ratio Change to Boost Share Value
Nov 14, 2025
On November 14, 2025, Polestar Automotive Holding UK PLC announced a change in the ratio of its American Depositary Shares (ADS) from 1:1 to 1:30 ordinary shares, effective by the end of 2025. This change is expected to proportionally increase the...
Polestar Reports Strong Revenue Growth Amid Profitability Challenges
Nov 12, 2025
On November 12, 2025, Polestar Automotive Holding UK PLC reported a 49% increase in revenue for the first nine months of 2025, driven by higher sales volumes and a strong model line-up. Despite this growth, the company faced challenges with profit...
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.