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Express News | Polestar : Barclays Cuts Target Price to $1 From $2
Barclays Adjusts Price Target on Polestar Automotive Holding UK to $1 From $2, Maintains Underweight Rating
Polestar Automotive Holding UK (PSNY) has an average hold rating and a price target range of $1 to $9, according to analysts polled by Capital IQ. Price: 0.8870, Change: -0.02, Percent Change: -1.96
Polestar Automotive Holding UK (PSNY) Receives a Sell From Barclays
Express News | Selling a car resulted in a loss of over 270,000, and the financial indicators of Polestar autos have worsened.
Earnings Call Summary | Polestar Automotive(PSNY.US) Q1 2024 Earnings Conference
The following is a summary of the Polestar Automotive Holding UK PLC (PSNY) Q1 2024 Earnings Call Transcript:Financial Performance:Polestar reported a global vehicle sales increase of 6% in 2023 to 54
PSNY.US's Q1 operating losses widened by 5% year-on-year, and the company has adjusted its business plan in response to tariff barriers and price wars.
Due to increased tariff barriers and intensified pricing pressure faced by electric auto manufacturers, Polestar is further reducing costs after expanding losses in the first quarter.