Polestar Automotive Holding UK (NASDAQ:PSNY) Releases Earnings Results, Misses Expectations By $0.96 EPS

Polestar Automotive Holding UK (NASDAQ:PSNY) released its quarterly earnings results on Thursday. The company reported ($3.15) EPS for the quarter, missing analysts’ consensus estimates of ($2.19) by ($0.96), FiscalAI reports. The firm had revenue of $680.05 million during the quarter, compared to the consensus estimate of $878.10 million.

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

PSNY opened at $9.21 on Friday. The company 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 two-hundred day moving average price is $17.73. Polestar Automotive Holding UK has a 1 year low of $8.03 and a 1 year high of $31.50.

Insider Activity at Polestar Automotive Holding UK

In other news, Director Xiaojie (Laura) Shen acquired 2,436 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was acquired at an average cost of $17.31 per share, for a total transaction of $42,167.16. Following the completion of the acquisition, the director owned 7,369 shares in the company, valued at $127,557.39. This represents a 49.38% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Quan (Joe) Zhang acquired 1,700 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average price of $17.70 per share, with a total value of $30,090.00. Following the completion of the acquisition, the director owned 3,300 shares of the company’s stock, valued at $58,410. This represents a 106.25% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 15,129 shares of company stock valued at $264,398 over the last ninety days. Company insiders own 0.02% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PSNY. California State Teachers Retirement System boosted its holdings in Polestar Automotive Holding UK by 2,733.7% during the second quarter. California State Teachers Retirement System now owns 1,318,995 shares of the company’s stock worth $24,771,000 after purchasing an additional 1,272,449 shares during the last quarter. Nykredit A S bought a new stake in Polestar Automotive Holding UK during the 2nd quarter worth about $65,000. Public Employees Retirement System of Ohio bought a new stake in Polestar Automotive Holding UK during the 2nd quarter worth about $277,000. EverSource Wealth Advisors LLC boosted its stake in shares of Polestar Automotive Holding UK by 28,277.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,554 shares of the company’s stock worth $47,000 after buying an additional 2,545 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of Polestar Automotive Holding UK by 195.4% during the 1st quarter. Swiss National Bank now owns 88,893 shares of the company’s stock worth $1,637,000 after buying an additional 58,800 shares during the last quarter. Institutional investors and hedge funds own 1.02% of the company’s stock.

Key Polestar Automotive Holding UK News

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.

Analysts Set New Price Targets

PSNY has been the subject of a number of research reports. Cantor Fitzgerald reissued an “underweight” rating on shares of Polestar Automotive Holding UK in a research note on Friday. Wall Street Zen lowered shares of Polestar Automotive Holding UK from a “sell” rating to a “strong sell” rating in a research note on Saturday. Finally, Weiss Ratings cut shares of Polestar Automotive Holding UK from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, August 25th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock 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.