$PSNY

4 stories mentioning PSNYUpdated 38d ago

Every FINWIRES story that references PSNY, newest first.

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

Research42d ago

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

Research62d ago

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

Research62d ago

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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