Polestar Automotive Holding UK (NASDAQ:PSNY) Hits New 1-Year Low Following Weak Earnings

Shares of Polestar Automotive Holding UK PLC (NASDAQ:PSNY) hit a new 52-week low during mid-day trading on Thursday following a weaker than expected earnings announcement. The stock traded as low as $10.80 and last traded at $10.7740, with a volume of 20353 shares changing hands. The stock had previously closed at $11.99.

The company reported ($3.15) EPS for the quarter, missing analysts’ consensus estimates of ($2.19) by ($0.96). The firm had revenue of $680.05 million for the quarter, compared to analyst estimates of $878.10 million.

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 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.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PSNY shares. Cantor Fitzgerald reaffirmed an “underweight” rating on shares of Polestar Automotive Holding UK in a research note on Friday. Wall Street Zen cut 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 report on Tuesday, August 25th. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Polestar Automotive Holding UK presently has an average rating of “Sell”.

Insiders Place Their Bets

In other news, Director Quan (Joe) Zhang acquired 1,700 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were bought at an average cost of $17.70 per share, with a total value of $30,090.00. Following the transaction, the director owned 3,300 shares in the company, valued at approximately $58,410. This trade represents a 106.25% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Francesca Paola Leandr Gamboni acquired 1,709 shares of Polestar Automotive Holding UK stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average price of $17.56 per share, for a total transaction of $30,010.04. Following the completion of the acquisition, the director directly owned 4,792 shares in the company, valued at approximately $84,147.52. This represents a 55.43% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have bought 15,129 shares of company stock worth $264,398. Corporate insiders own 0.02% of the company’s stock.

Hedge Funds Weigh In On Polestar Automotive Holding UK

Large investors have recently bought and sold shares of the stock. Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in Polestar Automotive Holding UK in the 4th quarter valued at $160,160,000. California State Teachers Retirement System raised its position in Polestar Automotive Holding UK by 2,733.7% during the 2nd quarter. California State Teachers Retirement System now owns 1,318,995 shares of the company’s stock worth $24,771,000 after buying an additional 1,272,449 shares during the last quarter. UBS Group AG lifted its stake 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 acquiring an additional 443,359 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of Polestar Automotive Holding UK in the second quarter valued at about $326,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new stake in shares of Polestar Automotive Holding UK in the fourth quarter valued at about $3,111,000. Institutional investors and hedge funds own 1.02% of the company’s stock.

Polestar Automotive Holding UK Price Performance

The firm has a market capitalization of $859.66 million, a price-to-earnings ratio of -0.48 and a beta of 1.32. The business’s 50 day moving average price is $14.85 and its 200-day moving average price is $17.73.

Polestar Automotive Holding UK Company Profile

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.