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Wire

Update: Polestar Shares Fall After Q2 Revenue Decline

(Updates with the latest stock price movement in the headline and the first paragraph and volume guidance in the last paragraph.)Polestar Automotive's (PSNY) shares were down nearly 26% in Thursday trading after the company reported lower year-over-year revenue and cut its 2026 volume growth guidance.The company posted a Q2 net loss of $459 million, compared with a loss of $1.03 billion a year earlier.Revenue for the quarter ended June 30 was $727 million, down from $791 million a year earlier.The company updated its 2026 volume guidance to low-to-mid single-digit growth from previous low double-digit growth.Price: $8.88, Change: $-3.11, Percent Change: -25.94%

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Wire

Update: Market Chatter: Polestar Says It Was Surprised by Forced US Exit

(Updates with Polestar's response in the last paragraph.)Polestar Automotive (PSNY) said it still does not understand why it must stop US sales while its corporate cousin, Volvo Cars, was allowed to continue, The Wall Street Journal reported Monday, citing an Aug. 18 letter from Polestar to its US dealers.The Trump administration is implementing a new rule to prevent China from spying through connected-vehicle technology, with Polestar becoming the first auto manufacturer effectively blocked from selling vehicles in the US under the rule, the report said.Polestar said the US Commerce Department had indicated that it would be allowed to sell in the US, like Volvo Cars, as the automakers share a Chinese majority owner and have nearly identical hardware and software in two of their models, the report said.In response to, a Polestar spokesperson referred to the company's June 25 statement, it which it said it is now focused on Europe, which represents nearly 80% of its retail sales volumes, following the US Department of Commerce's decision to not grant Polestar an authorisation to sell vehicles in the US from model year 2027 onwards.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $12.81, Change: $-0.52, Percent Change: -3.93%

$PSNY
Sectors

Sector Update: Consumer Stocks Rise Late Afternoon

Consumer stocks were higher late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.4% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.2%.In corporate news, Paramount Skydance (PSKY) had its Monday meeting with California officials canceled after State Attorney General Rob Bonta accused the entertainment company of leaking details and negotiating in bad faith over its proposed multi-billion merger with Warner Bros. Discovery (WBD), The New York Times reported. Paramount shares were up 0.9%, and Warner Bros. added 0.7%.Walmart (WMT) is launching a new women's clothing, bag and accessories store brand this week aimed at younger shoppers, The Wall Street Journal reported Sunday. Most of the items under the new Scenario line will cost less under $25, the report said. Walmart shares gained 2.7%.Polestar Automotive (PSNY) said it still does not understand why it must stop US sales while its corporate cousin, Volvo Cars, was allowed to continue, The Wall Street Journal reported, citing an Aug. 18 letter from Polestar to its US dealers. The Trump administration is implementing a new rule to prevent China from spying through connected-vehicle technology, with Polestar becoming the first carmaker effectively blocked from selling vehicles in the US under the rule, the report said. Polestar shares fell 4.7%.PDD (PDD) reported Q2 earnings ahead of Wall Street estimates on Monday even as operating expenses rose annually, though revenue fell short of expectations. PDD shares were down 1.1%.

$PDD$PSKY$PSNY$WBD$WMT
Sectors

Sector Update: Consumer

Consumer stocks were higher late Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 1.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) up 0.2%.In corporate news, Polestar Automotive (PSNY) said it still does not understand why it must stop US sales while its corporate cousin, Volvo Cars, was allowed to continue, The Wall Street Journal reported, citing an Aug. 18 letter from Polestar to its US dealers. The Trump administration is implementing a new rule to prevent China from spying through connected-vehicle technology, with Polestar becoming the first carmaker effectively blocked from selling vehicles in the US under the rule, the report said. Polestar shares fell 5.4%.

$PSNY
Wire

Market Chatter: Polestar Says It Was Surprised by Forced US Exit

Polestar Automotive (PSNY) said it still does not understand why it must stop US sales while its corporate cousin, Volvo Cars, was allowed to continue, The Wall Street Journal reported Monday, citing an Aug. 18 letter from Polestar to its US dealers.The Trump administration is implementing a new rule to prevent China from spying through connected-vehicle technology, with Polestar becoming the first auto manufacturer effectively blocked from selling vehicles in the US under the rule, the report said.Polestar said the US Commerce Department had indicated that it would be allowed to sell in the US, like Volvo Cars, as the automakers share a Chinese majority owner and have nearly identical hardware and software in two of their models, the report said.Polestar did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $13.07, Change: $-0.27, Percent Change: -1.99%

$PSNY
Research

Research Alert: CFRA Reiterates Strong Sell On Shares Of Polestar Automotive Holding Uk Plc

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We maintain a 12-month target of $5, based on our DCF analysis and implying a premium to tangible book value. After updating our estimates and adjusting for its recent equity and debt-to-equity transactions, our adjusted EPS estimates decline to -$12.30 from -$0.55 for 2026 and to -$9.30 from -$0.45 for 2027. PSNY posted Q1 net income of -$383M, down from -$166M in Q1 2025. Revenue was flat at $633M ($116M below consensus) as lower prices offset a 7% increase in total vehicle sales to 13,126 units. Adjusted EBITDA of -$235M was down from -$96M a year ago. In our view, risks surrounding PSNY remain high. Like other upstart EV manufacturers, we think the primary challenge it faces is achieving the size and scale to compete with larger automakers, noting the number of measures it has recently taken to secure additional liquidity and its significant cash burn. Moreover, we think it could be challenged to hit its 2026 vehicle sales guidance, namely a low double-digit increase over 2025 sales of 60,119 vehicles.

$PSNY
Research

Research Alert: Psny: Revenue Well Short Of Expectations; Cash Burn Accelerates

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Polestar Automotive (PSNY) posted Q1 net income of -$383M, down from -$166M in Q1 2025. Revenue was flat at $633M ($116M below consensus) as lower prices offset a 7% increase in total vehicle sales to 13,126 units and gross margin came in at -3.2%, down sharply from 10.3% in the year-ago quarter. Despite recent equity and debt-to-equity conversions, PSNY's cash declined to $676M at the end of Q1, vs. $1,159M at the end of 2025. The company said its focus remains on expanding its retail network, especially in Europe, with plans to reach 250 sales points globally by year-end (up from 230 at quarter-end). Management did not provide an update regarding prior 2026 global retail sales volume guidance, which it previously said would increase by a low-double-digit rate vs. 2025 sales of 60,119 vehicles (+34% Y/Y). In our view, risks surrounding PSNY remain very high, noting the number of measures it has recently taken to secure additional liquidity and its significant cash burn.

$PSNY
Research

Research Alert: CFRA Lowers Rating On Polestar Automotive Holding To Strong Sell From Sell

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target to $5 from $8, based on our DCF analysis and implying a premium to tangible book value. Our adjusted EBITDA estimates decline modestly on lower volume and higher cost assumptions, as we now assume PSNY's sales volume increases only 3% in 2026. PSNY's Q4 net loss of -$799M was well short of the -$452M consensus, but up from -$1,183M in Q4 2024. More importantly, looking ahead, management's guidance was cautious, although it still expects its global retail sales volumes to increase by low double digits over 2025 sales of 60,119 vehicles. We think this guidance is likely to prove aggressive considering slowing global EV sales growth. Regardless, shares have outperformed recently despite a December 1-for-30 reverse stock split, and we expect cash burn to remain high, raising the risk of a restructuring absent additional lifelines from Volvo/Geely Automobile Holdings Ltd. (175 HK 25 ****) or others. We forecast free cash flow of -$1.2B in 2026 after posting -$1.37B in 2025.

$PSNY
Research

Research Alert: Psny: Q4 2025 Short Of Expectations; Cash Flow Remains Problematic

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Polestar Automotive (PSNY) posted Q4 net loss of -$799M, well short of the -$452M consensus but up from -$1,183M in Q4 2024. Revenue rose 54% Y/Y to $887M ($77M ahead of consensus), reflecting a 27% increase in total vehicle sales to 15,608 units. PSNY's gross margin came in at -38%, an improvement from -147% in the year-ago quarter. PSNY's liquidity position improved substantially with year-end cash of $1.16B, up from $739M a year earlier, boosted by $1.2B in equity raises since June 2025 and $639M in debt-to-equity conversions. PSNY's 2025 free cash flow of -$1.37B worsened from -$1.35B in 2024. The company said it continues to expect its global retail sales volumes to increase by a low double-digit rate versus 2025 sales of 60,119 vehicles (+34% Y/Y), saying the global environment is expected to remain highly uncertain in 2026. In our view, risks surrounding PSNY remain very high, and its guidance doesn't inspire confidence that its free cash flow is going to improve materially in 2026.

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