Polestar Automotive Holding UK PLC Sponsored ADR Class C ( (PSNYW) ) has shared an update.
On April 10, 2025, Polestar Automotive Holding UK PLC announced a significant 76% increase in retail sales for the first quarter of 2025 compared to the same period in 2024, reaching an estimated 12,304 cars sold. This growth, achieved against a challenging economic backdrop, is attributed to the successful uptake of new models and a shift to a more active selling model. Additionally, Polestar and Xingji Meizu agreed to terminate their joint venture in China, with Polestar taking over distribution rights to focus on its long-term growth strategy and premium brand positioning in the Chinese market.
Spark’s Take on PSNYW Stock
According to Spark, TipRanks’ AI Analyst, PSNYW is a Neutral.
The overall stock score of 42 reflects significant financial instability and risks, as indicated by negative equity, sustained losses, and cash flow challenges. While there is some technical momentum and promising strategic guidance from the earnings call, these are outweighed by the financial challenges. The lack of valuation metrics adds uncertainty, further affecting the score.
To see Spark’s full report on PSNYW stock, click here.
More about Polestar Automotive Holding UK PLC Sponsored ADR Class C
Polestar Automotive Holding UK PLC is a Swedish electric performance car brand focused on uncompromised design and innovation, aiming to accelerate the shift towards a sustainable future. Headquartered in Gothenburg, Sweden, Polestar operates in 27 markets globally, including North America, Europe, and Asia Pacific. The company offers models such as Polestar 2, Polestar 3, and Polestar 4, with plans to introduce new models like the Polestar 5, Polestar 6, and Polestar 7. Polestar is committed to sustainability, aiming to halve greenhouse gas emissions by 2030 per vehicle sold and achieve climate neutrality across its value chain by 2040.
Average Trading Volume: 120,583
Technical Sentiment Signal: Strong Buy
Current Market Cap: $2.22B
Learn more about PSNYW stock on TipRanks’ Stock Analysis page.