Cantor Fitzgerald analyst Andres Sheppard reiterates Polestar Automotive (NASDAQ:PSNY) with a Overweight and maintains $3 price target.

Cantor Fitzgerald analyst Andres Sheppard reiterates Polestar Automotive (NASDAQ:PSNY) with a Overweight and maintains $3 price target.

Automotive stocks, including Canoo Inc (NASDAQ:GOEV), Lucid Group, Inc (NASDAQ:LCID), Polestar Automotive Holding UK (NASDAQ:PSNY), VinFast Auto (NASDAQ:VFS), and Workhorse Group, Inc (NASDAQ:WKHS), are trading lower Monday following China’s slower-than-expected second-quarter economic growth. The Chinese electric vehicle stocks also traded lower on Monday. The second-largest economy grew by 4.7% from April to June, falling short of the 5.1% forecast by analysts. The consumer sector faces challenges as retail sales growth hit an 18-month low due to deflationary pressures leading to price cuts on cars, food, and clothing. Slow retail sales growth, rising unemployment, and reduced

Cantor Fitzgerald analyst Andres Sheppard reiterates Polestar Automotive (NASDAQ:PSNY) with a Overweight and maintains $3 price target.

Most electric vehicle stocks advanced along with the broader market in the week that ended on July 12, catching up with market leader Tesla, Inc.’s (NASDAQ:TSLA) gain in the previous week. The Elon Musk-led company’s shares stumbled after a 11-session winning streak. Here are the key events that happened in the EV space during the week: See Also: Best Electric Vehicle Stocks Musk Tightlipped On Robotaxi Rumors: Tesla shares were going strong and completed a 11-session winning-streak on Wednesday but reversed course on Thursday, stung by a report that said the EV maker would push back the robotaxi launch event by two months. The stock fell over 8% during the session before recovering

Polestar (NASDAQ:PSNY) has received notice from the Nasdaq Stock Market LLC that the Company is not currently in compliance with the $1.00 minimum bid price requirement, as set forth in Nasdaq Listing Rule 5450(a)(1).This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240710151907/en/The Notice indicated that, consistent with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 days, or until 2 January 2025, to regain compliance, by having the closing bid price of the Company's ADSs meet or exceed $1.00 per ADS for at least ten consecutive business days.If the Company does not regain compliance by the Compliance Deadline, the Company

U.S. stocks were higher, with the Dow Jones index surging around 200 points on Monday. Shares of Corning Incorporated (NYSE:GLW) rose sharply during Monday's session after the company increased its second-quarter core sales guidance. The company said it now projects core sales to be approximately $3.6 billion (vs. consensus of $3.41 billion), an increase from the previous guidance of $3.4 billion. Core EPS is expected to reach the high end of, or slightly exceed, the management's guided range of $0.42 to $0.46 (vs. estimate of $0.45). Corning shares jumped 9.4% to $42.05 on Monday. Here are some other big stocks recording gains in today’s session. Morphic Holding, Inc. (NASDA

Swedish EV brand Polestar Automotive (NASDAQ:PSNY) is recalling nearly 32,000 Polestar 2 vehicles in North America, including nearly 26,000 in the U.S. alone, citing issues that may prevent the rearview camera image from displaying. What Happened: Certain 2021- 2024 model year Polestar 2 vehicles may have an issue where the infotainment head unit (IHU) software prevents the rearview camera image from displaying and increases the risks of a crash, the company said in a filing with U.S. auto safety regulator National Highway Traffic Safety Administration (NHTSA.) The company aims to fix the issue with an over-the-air IHU software update. Polestar has also advised its sales and service p

In the latest quarter, 4 analysts provided ratings for Polestar Automotive (NASDAQ:PSNY), showcasing a mix of bullish and bearish perspectives. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 1 1 0 Last 30D 0 0 0 1 0 1M Ago 0 1 0 0 0 2M Ago 0 0 1 0 0 3M Ago 0 1 0 0 0 Analysts have set 12-month price targets for Polestar Automotive, revealing an average target of $3.17, a high estimate of $5.00, and a low estimate of $1.00. A negative shift in sentiment is evident as analysts ha

Polestar, the Swedish premium electric performance car brand, has delivered its first U.S.-built Polestar 3 SUVs to customers in the North American market. Deliveries of Polestar 3 began around the U.S. and Canada in the past few weeks and now units manufactured in the South Carolina plant have begun as well. The SUV for the electric age plays an important role in the brand's continued development, as Polestar moves from a one- to a three-car brand with Polestar 2, Polestar 3 and Polestar 4. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241101943424/en/(Photo: Business Wire) "From our retail partners to our employees, I'm extrem

Polestar Charge offers access to over 850,000 charging points across Europe, including over 20,000 Tesla Superchargers Customers in North America now have access to 17,800 Tesla Superchargers Polestar (NASDAQ:PSNY) now offers its customers access to 17,800 Tesla Superchargers across North America, complementing its existing offer in Europe and China. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241030058799/en/(Photo: Business Wire) Future Polestar cars in North America will adopt the NACS inlet as standard equipment and until then, Polestar owners can order a NACS adapter through their local Polestar Service Center. In ad

11,900 cars delivered in Q3 2024 and 32,300 year-to-end September First markets to implement active sales model showing solid order intake Business and strategy update, including select Q3 financial and operational highlights, to take place on 16 January 2025 Polestar (NASDAQ:PSNY) delivered approximately 11,900 cars in the third quarter, taking total deliveries for the first nine months of the year to 32,300 (2023: 41,844). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241011068214/en/Polestar 4 (Photo: Business Wire) Michael Lohscheller, Polestar CEO, says: "Polestar has a great foundation to build upon, with access to

BENGALURU, India, Sept. 25, 2024 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE:INFY), a global leader in next-generation digital services and consulting, today announced a strategic collaboration with Polestar (NASDAQ:PSNY), the Swedish electric performance car brand. This engagement aims to create a base for Polestar's development of in-car infotainment, Software and Electrical / Electronics (SW&EE) engineering, user experience (UX), and cloud-powered digital services. Infosys will also leverage in-tech, its latest acquisition in the R&D space, to complement the engagement. Infosys will establish a global technology hub for Polestar at its development center in Bengaluru, India. Th

Polestar (NASDAQ:PSNY) has received notice that with the closing bid price of the Company's American Depositary Shares ("ADSs") exceeding $1.00 for at least ten consecutive business days, Polestar has regained compliance with Nasdaq's Listing Rule 5450(a)(1). As previously announced, Polestar was notified by Nasdaq on July 5, 2024, that it was not in compliance with the minimum bid price requirement as the Company's ADSs had closed below $1.00 for 30 consecutive trading days. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240917373307/en/(Photo: Business Wire) Per Ansgar, Polestar CFO, says: "Following the publication of our Annu

AGM to take place on 7 October 2024 Winfried Vahland to assume role of Chair, following Håkan Samuelsson's retirement from the Board; investing 100% of net remuneration in Polestar shares Francesca Gamboni proposed to replace Jim Rowan as Volvo Cars representative on Board of Directors Christine Gorjanc and Xiaojie Shen (Laura) proposed as new Directors Polestar (NASDAQ:PSNY) is holding its Annual General Meeting (AGM) in London on 7 October 2024. Full details of the AGM, including instructions for proxy voting by registered shareholders, are available on the Company's Investor Relations website https://investors.polestar.com/. This press release features multimedia. View the full

Polestar (NASDAQ:PSNY) continues to prepare itself for the next step in its development by appointing Jean-Francois Mady to the role of Chief Financial Officer (CFO), effective 21 October 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240903661914/en/Jean-Francois Mady (Photo: Business Wire) Jean-Francois brings 25 years of experience from senior, leading roles in automotive finance and financial services across Europe, China, Asia and India. Most recently he was Senior Vice President of Global Accounting Operations and Finance Transformation at Stellantis Group. He has also held several leadership roles at PSA Group. Je

13,150 cars delivered in Q2 2024, up 82% compared to Q1 2024 30% improvement in inventory turnover driving working capital reduction with positive impact on cash flow Secured up to USD 300 million in additional external funding in August Polestar (NASDAQ:PSNY), reports its preliminary unaudited financial and operational results for the second quarter ended June 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240829866418/en/(Photo: Business Wire) Deliveries were 13,150 cars, an 82% increase compared to the first quarter, taking global deliveries for the first six months of the year to 20,371, with strong momen

Polestar (NASDAQ:PSNY) announces that Michael Lohscheller, a seasoned automotive leader with extensive experience in driving operational excellence and strategic growth, will assume the role of CEO. Thomas Ingenlath, who has served as CEO since Polestar's inception and successfully positioned the brand for its next chapter, has resigned, with the change effective 1 October 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240827828117/en/Michael Lohscheller (Photo: Business Wire) Michael Lohscheller, who has previously served as CEO of Opel, VinFast and Nikola, brings a wealth of expertise in the automotive industry, particul

Polestar (NASDAQ:PSNY) announces that Philipp Römers has been appointed Head of Design. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240821362006/en/(Photo: Business Wire) Philipp has over 25 years of experience in automotive design and joins Polestar from AUDI AG, where he has held a number of roles, including Head of Exterior Design. Before joining AUDI AG, he was a leading designer at Volkswagen AG. Philipp will succeed Maximilian Missoni, who after 6 years with Polestar and a total of 12 years in Sweden, has decided to take up a new role outside of Polestar. Philipp Römers says: "Polestar is the role model of a design-

6-K - Polestar Automotive Holding UK PLC (0001884082) (Filer)

6-K - Polestar Automotive Holding UK PLC (0001884082) (Filer)

6-K - Polestar Automotive Holding UK PLC (0001884082) (Filer)

6-K - Polestar Automotive Holding UK PLC (0001884082) (Filer)

6-K - Polestar Automotive Holding UK PLC (0001884082) (Filer)

6-K - Polestar Automotive Holding UK PLC (0001884082) (Filer)

6-K - Polestar Automotive Holding UK PLC (0001884082) (Filer)

6-K - Polestar Automotive Holding UK PLC (0001884082) (Filer)

20-F/A - Polestar Automotive Holding UK PLC (0001884082) (Filer)

20-F - Polestar Automotive Holding UK PLC (0001884082) (Filer)

Polestar (NASDAQ:PSNY) continues to prepare itself for the next step in its development by appointing Jean-Francois Mady to the role of Chief Financial Officer (CFO), effective 21 October 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240903661914/en/Jean-Francois Mady (Photo: Business Wire) Jean-Francois brings 25 years of experience from senior, leading roles in automotive finance and financial services across Europe, China, Asia and India. Most recently he was Senior Vice President of Global Accounting Operations and Finance Transformation at Stellantis Group. He has also held several leadership roles at PSA Group. Je

Polestar (NASDAQ:PSNY) announces that Michael Lohscheller, a seasoned automotive leader with extensive experience in driving operational excellence and strategic growth, will assume the role of CEO. Thomas Ingenlath, who has served as CEO since Polestar's inception and successfully positioned the brand for its next chapter, has resigned, with the change effective 1 October 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240827828117/en/Michael Lohscheller (Photo: Business Wire) Michael Lohscheller, who has previously served as CEO of Opel, VinFast and Nikola, brings a wealth of expertise in the automotive industry, particul

Polestar (NASDAQ:PSNY) announces that Philipp Römers has been appointed Head of Design. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240821362006/en/(Photo: Business Wire) Philipp has over 25 years of experience in automotive design and joins Polestar from AUDI AG, where he has held a number of roles, including Head of Exterior Design. Before joining AUDI AG, he was a leading designer at Volkswagen AG. Philipp will succeed Maximilian Missoni, who after 6 years with Polestar and a total of 12 years in Sweden, has decided to take up a new role outside of Polestar. Philipp Römers says: "Polestar is the role model of a design-

Håkan Samuelsson to retire; Winfried Vahland appointed Board Chair Carla De Geyseleer chooses not to stand for re-election Strengthening of Board through appointment of two additional directors with significant automotive, finance and reporting expertise Polestar (NASDAQ:PSNY) announces that Håkan Samuelsson intends to retire as Board Chair. The Board of Directors has appointed Winfried Vahland Board Chair, effective following the Company's Annual General Meeting of Shareholders. Carla De Geyseleer, Audit Committee Chair, has chosen not to stand for re-election as Director, in order to focus on her executive role. This press release features multimedia. View the full release here

MUNICH, Germany, March 25, 2024 (GLOBE NEWSWIRE) -- Lilium N.V. (NASDAQ:LILM), developer of the first all-electric vertical take-off and landing ("eVTOL") jet, today announced they have appointed Johan Malmqvist as Chief Financial Officer (CFO) effective April 1, 2024. Johan Malmqvist brings more than 25 years of experience as a CFO of global public and private companies across a variety of sectors and geographies. Most recently, Johan served as CFO at a premium electric vehicle manufacturer, Polestar Automotive Holding UK PLC (NASDAQ:PSNY) ("Polestar"), where he led the company's financial organization, including finance, tax, treasury and investor relations. He also played a pivotal rol

Polestar (NASDAQ:PSNY), the Swedish electric performance car brand, invites shareholders to attend an exclusive, in-person event on 9 November 2023 in Los Angeles. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231009685596/en/(Photo: Business Wire) Polestar Day will provide an opportunity for participants to experience the latest innovations and technologies that are being integrated into Polestar's growing line-up of design-led, luxury, performance EVs. Management will be joined by select strategic partners in a keynote presentation, to share how collaboration is shaping Polestar's electric performance cars, now and in the f

AGM to take place on 7 October 2024 Winfried Vahland to assume role of Chair, following Håkan Samuelsson's retirement from the Board; investing 100% of net remuneration in Polestar shares Francesca Gamboni proposed to replace Jim Rowan as Volvo Cars representative on Board of Directors Christine Gorjanc and Xiaojie Shen (Laura) proposed as new Directors Polestar (NASDAQ:PSNY) is holding its Annual General Meeting (AGM) in London on 7 October 2024. Full details of the AGM, including instructions for proxy voting by registered shareholders, are available on the Company's Investor Relations website https://investors.polestar.com/. This press release features multimedia. View the full

13,150 cars delivered in Q2 2024, up 82% compared to Q1 2024 30% improvement in inventory turnover driving working capital reduction with positive impact on cash flow Secured up to USD 300 million in additional external funding in August Polestar (NASDAQ:PSNY), reports its preliminary unaudited financial and operational results for the second quarter ended June 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240829866418/en/(Photo: Business Wire) Deliveries were 13,150 cars, an 82% increase compared to the first quarter, taking global deliveries for the first six months of the year to 20,371, with strong momen

7,200 cars delivered in Q1 2024; cash and cash equivalents of USD 784 million as of March 31, 2024 20,200 cars delivered year to date, with Q2 2024 up 80% compared to Q1 2024 New retail model, geographic expansion, growing line-up and sales organisation changes driving future sales growth Announced staff reductions completed, resulting in 15% fewer positions, in addition to 10% reduction in 2023 Polestar (NASDAQ:PSNY), reports its preliminary unaudited financial and operational results for the three months ended March 31, 2024 and reports its global deliveries for the second quarter of 2024. This press release features multimedia. View the full release here: https://www.busine

USD 950 million external funding secured Geely Sweden Holdings intends to participate in future financing activities when required Richer product mix: global roll-out of two new SUVs to drive significant volume and profit margin progression expected in second half of the year Efficiency program delivers results Polestar Automotive Holding UK PLC (NASDAQ:PSNY), the Swedish electric performance car brand, announces that it has secured USD 950 million in external funding. The company is making strong progress on its strengthened business plan and achieving its 2025 targets. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/

Total revenue of USD 613 million, an increase of 41% year on year 13,976 cars delivered, an increase of 51% Cash and cash equivalents of USD 951 million as of September 30, 2023 Polestar Automotive Holding UK PLC (("Polestar" or the "Company, NASDAQ:PSNY), the Swedish electric performance car brand, reports its preliminary unaudited financial and operational results for the three and nine months ended September 30, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231108507023/en/Polestar 2, Polestar 3, Polestar 4, Polestar 5 (Photo: Business Wire) Key financial highlights1 The below table summarizes key unaudited f

Deutsche Bank resumed coverage of Polestar Automotive Holding UK PLC with a rating of Hold and set a new price target of $1.50

Piper Sandler downgraded Polestar Automotive Holding UK PLC from Overweight to Neutral and set a new price target of $2.00 from $3.00 previously

Bernstein initiated coverage of Polestar Automotive Holding UK PLC with a rating of Underperform and set a new price target of $1.15

Piper Sandler initiated coverage of Polestar Automotive Holding UK PLC with a rating of Overweight and set a new price target of $3.00

Barclays downgraded Polestar Automotive Holding UK PLC from Equal Weight to Underweight and set a new price target of $3.00 from $5.00 previously

R. F. Lafferty initiated coverage of Polestar Automotive Holding UK PLC with a rating of Buy and set a new price target of $9.00

Citigroup resumed coverage of Polestar Automotive Holding UK PLC with a rating of Neutral and set a new price target of $5.00

Cantor Fitzgerald initiated coverage of Polestar Automotive Holding UK PLC with a rating of Overweight and set a new price target of $7.00

Fox Advisors initiated coverage of Polestar Automotive Holding UK PLC with a rating of Overweight and set a new price target of $7.00

Barclays initiated coverage of Polestar Automotive Holding UK PLC with a rating of Equal Weight and set a new price target of $7.00