Polestar Automotive Holding UK (NASDAQ:PSNY) Posts Earnings Results

Polestar Automotive Holding UK (NASDAQ:PSNY) issued its quarterly earnings results on Thursday. The company reported ($3.15) EPS for the quarter, FiscalAI reports. The company had revenue of $680.05 million during the quarter.

Here are the key takeaways from Polestar Automotive Holding UK’s conference call:

• Record first-half retail sales reached 30,423 vehicles, supported by the active-selling model, a 39% year-over-year expansion in the retail footprint, and strong demand for the Polestar 4.
• Polestar lowered its full-year volume outlook to low- to mid-single-digit growth, citing intense EV competition, pricing pressure, geopolitical issues, and portfolio transition. The U.S. will also be unable to sell model-year 2027 vehicles after accepting the Department of Commerce decision.
• Financial performance remains weak despite improvement from last year’s impairment-heavy comparison: first-half revenue fell 4% to $1.36 billion, adjusted EBITDA loss widened to $521 million, and cash declined to $888 million after $850 million of operating cash outflow. U.S. restructuring-related adjustments were estimated at approximately $130 million.
• Management expects profitability and cash burn to improve through cost discipline, reduced capital expenditures, and a more favorable product mix. The company also strengthened its balance sheet through $700 million of new equity, approximately $640 million of shareholder debt conversion, an extension of Volvo Cars’ $660 million loan to 2031, and expanded banking facilities.
• Polestar began taking orders for the Polestar 4 SUV, with customer deliveries planned for the fourth quarter, while initial feedback on the Polestar 5 has been strong. Management expects the Polestar 4 SUV and coupe, followed by the Polestar 2 successor, to be the primary volume drivers in 2027.

Polestar Automotive Holding UK Price Performance

Shares of Polestar Automotive Holding UK stock opened at $8.69 on Friday. The stock has a market cap of $811.12 million, a P/E ratio of -0.45 and a beta of 1.32. The stock’s 50 day simple moving average is $15.02 and its 200-day simple moving average is $17.79. Polestar Automotive Holding UK has a 1-year low of $8.03 and a 1-year high of $32.70.

Key Headlines Impacting Polestar Automotive Holding UK

Here are the key news stories impacting Polestar Automotive Holding UK this week:

• Positive Sentiment: Polestar secured a $400 million convertible term loan from an affiliate of parent-company backer Geely. The funding should provide additional liquidity and support operations, although the convertible structure could eventually dilute shareholders. Polestar Secures USD 400 Million Convertible Term Loan from Geely Affiliate
• Neutral Sentiment: First-half results showed a narrower net loss, but the improvement was overshadowed by lower revenue and weak vehicle volumes. Polestar reported quarterly revenue of approximately $680 million and a loss of $3.15 per share. Polestar Narrows Net Loss but Sees Revenue Dip in First-Half 2026 Results
• Negative Sentiment: Management cut its full-year delivery-growth forecast after U.S. restrictions affecting China-linked electric vehicles forced Polestar out of the U.S. market. Weak EV demand and intense competition are adding pressure to the revised outlook. Polestar cuts full-year delivery forecast after US bars China-linked EV maker
• Negative Sentiment: Analysts and investors remain concerned about falling deliveries, an 8% revenue decline, substantial ongoing losses and heavy cash burn. One analysis highlighted negative working capital exceeding $4.7 billion and a weak balance sheet despite support from Geely and Volvo, raising financing and execution risks. Polestar Q2: Another New Low

Insider Transactions at Polestar Automotive Holding UK

In related news, Director Karl-Thomas Neumann acquired 2,009 shares of the stock in a transaction on Monday, June 29th. The shares were bought at an average price of $16.93 per share, with a total value of $34,012.37. Following the completion of the purchase, the director owned 7,998 shares of the company’s stock, valued at approximately $135,406.14. This represents a 33.54% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Cynthia S. Dubin acquired 1,275 shares of the stock in a transaction on Thursday, July 2nd. The shares were bought at an average cost of $20.72 per share, for a total transaction of $26,418.00. Following the purchase, the director directly owned 3,195 shares of the company’s stock, valued at $66,200.40. The trade was a 66.41% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have acquired 15,129 shares of company stock valued at $264,398. 0.02% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. grew its holdings in shares of Polestar Automotive Holding UK by 12.2% in the first quarter. Goldman Sachs Group Inc. now owns 528,893 shares of the company’s stock valued at $555,000 after purchasing an additional 57,717 shares during the period. Focus Partners Wealth purchased a new position in Polestar Automotive Holding UK during the first quarter worth about $62,000. Russell Investments Group Ltd. boosted its holdings in Polestar Automotive Holding UK by 45.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 47,970 shares of the company’s stock valued at $51,000 after purchasing an additional 14,877 shares during the last quarter. Cresset Asset Management LLC boosted its holdings in Polestar Automotive Holding UK by 26.7% in the 2nd quarter. Cresset Asset Management LLC now owns 83,504 shares of the company’s stock valued at $89,000 after purchasing an additional 17,590 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in Polestar Automotive Holding UK in the 2nd quarter valued at about $326,000. Institutional investors and hedge funds own 1.02% of the company’s stock.

Analysts Set New Price Targets

PSNY has been the topic of a number of research reports. Wall Street Zen lowered Polestar Automotive Holding UK from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Weiss Ratings lowered shares of Polestar Automotive Holding UK from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, August 25th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About Polestar Automotive Holding UK

Polestar Automotive Holding UK PLC (NASDAQ: PSNY) is an electric performance car company specializing in the design, development and manufacture of premium electric vehicles. Established as an offshoot of Volvo Car Group’s high-performance Polestar division, the company focuses on delivering a blend of Scandinavian design, advanced electric powertrains and cutting-edge connectivity features.

The roots of Polestar date back to 1996 when it operated as Volvo’s in-house tuning and motorsport arm.