Polestar Automotive Holding UK (NASDAQ:PSNY) Sets New 52-Week Low After Earnings Miss

Polestar Automotive Holding UK PLC (NASDAQ:PSNY)’s stock price reached a new 52-week low on Thursday following a weaker than expected earnings announcement. The company traded as low as $10.80 and last traded at $10.7740, with a volume of 20353 shares. The stock had previously closed at $11.99.

The company reported ($3.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.19) by ($0.96). The company had revenue of $680.05 million during the quarter, compared to analyst estimates of $878.10 million.

Key Stories 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 a Geely affiliate. The funding should provide near-term liquidity and support operations, although the convertible structure could create future shareholder dilution. Polestar Secures USD 400 Million Convertible Term Loan from Geely Affiliate
• Neutral Sentiment: Polestar reported a narrower first-half net loss, but revenue declined. Its quarterly results included revenue of approximately $680.1 million and a loss of $3.15 per share, underscoring that the company remains unprofitable. Polestar Narrows Net Loss but Sees Revenue Dip in First-Half 2026 Results
• Negative Sentiment: Management cut its full-year delivery forecast after U.S. restrictions on China-linked electric vehicles effectively forced Polestar out of the U.S. market. Weak EV demand and intense competition are adding pressure to sales growth. Polestar cuts full-year delivery forecast after US bars China-linked EV maker
• Negative Sentiment: Investors remain concerned about declining deliveries, lower revenue, continued heavy losses, cash burn and negative working capital exceeding $4.7 billion. Analysts at Cantor Fitzgerald reaffirmed an “underweight” rating, reinforcing the cautious outlook.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Cantor Fitzgerald restated an “underweight” rating on shares of Polestar Automotive Holding UK in a report on Friday. Wall Street Zen downgraded Polestar Automotive Holding UK from a “sell” rating to a “strong sell” rating in a report on Saturday. Finally, Weiss Ratings downgraded Polestar Automotive Holding UK from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 25th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Polestar Automotive Holding UK currently has a consensus rating of “Sell”.

Insider Buying and Selling at Polestar Automotive Holding UK

In other news, Director Karl-Thomas Neumann bought 2,009 shares of Polestar Automotive Holding UK stock in a transaction dated Monday, June 29th. The stock was bought at an average cost of $16.93 per share, for a total transaction of $34,012.37. Following the purchase, the director directly owned 7,998 shares in the company, valued at approximately $135,406.14. This represents a 33.54% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Winfried Vahland bought 6,000 shares of Polestar Automotive Holding UK stock in a transaction dated Monday, June 29th. The stock was purchased at an average price of $16.95 per share, with a total value of $101,700.00. Following the completion of the purchase, the director owned 37,979 shares in the company, valued at $643,744.05. This trade represents a 18.76% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 15,129 shares of company stock valued at $264,398 over the last 90 days. Insiders own 0.02% of the company’s stock.

Institutional Investors Weigh In On Polestar Automotive Holding UK

A number of hedge funds have recently added to or reduced their stakes in PSNY. Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in shares of Polestar Automotive Holding UK during the fourth quarter valued at approximately $160,160,000. UBS Group AG lifted its holdings in shares of Polestar Automotive Holding UK by 22.6% in the 3rd quarter. UBS Group AG now owns 2,409,258 shares of the company’s stock worth $2,265,000 after purchasing an additional 443,359 shares in the last quarter. California State Teachers Retirement System grew its position in Polestar Automotive Holding UK by 2,733.7% in the 2nd quarter. California State Teachers Retirement System now owns 1,318,995 shares of the company’s stock valued at $24,771,000 after purchasing an additional 1,272,449 shares during the period. Goldman Sachs Group Inc. grew its position in Polestar Automotive Holding UK by 12.2% in the 1st 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. Finally, The Manufacturers Life Insurance Company bought a new stake in Polestar Automotive Holding UK during the 2nd quarter valued at $326,000. Institutional investors and hedge funds own 1.02% of the company’s stock.

Polestar Automotive Holding UK Stock Performance

The stock’s 50 day simple moving average is $14.85 and its 200 day simple moving average is $17.73. The firm has a market cap of $859.66 million, a P/E ratio of -0.48 and a beta of 1.32.

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.