Analysts Set Expectations for PSNY FY2025 Earnings

Polestar Automotive Holding UK PLC (NASDAQ:PSNY) – Stock analysts at Cantor Fitzgerald issued their FY2025 EPS estimates for Polestar Automotive Holding UK in a report released on Tuesday, January 21st. Cantor Fitzgerald analyst A. Sheppard anticipates that the company will earn ($0.49) per share for the year. Cantor Fitzgerald currently has a “Neutral” rating on the stock. The consensus estimate for Polestar Automotive Holding UK’s current full-year earnings is ($0.53) per share.

Separately, Bank of America began coverage on Polestar Automotive Holding UK in a research note on Thursday, December 5th. They issued a “neutral” rating and a $1.25 price objective for the company. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $1.53.

Polestar Automotive Holding UK Price Performance

Shares of Polestar Automotive Holding UK stock opened at $1.10 on Wednesday. The business has a 50-day simple moving average of $1.09 and a 200 day simple moving average of $1.15. Polestar Automotive Holding UK has a one year low of $0.61 and a one year high of $2.33. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of -1.93 and a beta of 1.53.

Hedge Funds Weigh In On Polestar Automotive Holding UK

Hedge funds have recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Polestar Automotive Holding UK in the second quarter valued at about $1,321,000. Geode Capital Management LLC grew its position in Polestar Automotive Holding UK by 444.0% in the 3rd quarter. Geode Capital Management LLC now owns 854,999 shares of the company’s stock worth $1,471,000 after purchasing an additional 697,820 shares in the last quarter. Marshall Wace LLP purchased a new stake in Polestar Automotive Holding UK in the 2nd quarter valued at about $407,000. Renaissance Technologies LLC bought a new position in shares of Polestar Automotive Holding UK during the 2nd quarter worth approximately $266,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Polestar Automotive Holding UK in the 3rd quarter worth approximately $468,000. Institutional investors and hedge funds own 1.02% of the company’s stock.

About Polestar Automotive Holding UK

Polestar Automotive Holding UK PLC manufactures and sells premium electric vehicles. The company was founded in 2017 and is headquartered in Gothenburg, Sweden.