About this content About Jamie Ashcroft Jamie Ashcroft, the News Editor for Proactive UK, has developed an impressive career in financial journalism, focusing on the small-cap sector for over fourteen years. Before joining the Proactive team, he was a stockbroker during the global financial crisis, a role that complemented his educational background - a firstclass degree in Business and Economics and qualifications in software design and development. As one of the early external hires at Proactive in 2009, ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher." Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ...

The EV maker began producing its new SUV in the United States this week. Shares of Swedish-Chinese electric vehicle (EV) maker Polestar Automotive (PSNY 16.66%) were trading sharply higher on Friday after the company said it had begun production of a new electric SUV in the United States. As of 11:30 a.m. ET, Polestar's shares were up about 16.6% from Thursday's closing price. Polestar is now making its family-sized electric SUV in the U.S. Polestar said it has begun production of the Polestar 3, an upscale ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OR 12(G) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF ...

Core Viewpoint - The electric vehicle market is increasingly competitive, and Polestar Automotive Holding UK PLC has struggled significantly since going public in 2022, losing most of its value and requiring additional capital to stabilize its operations [1][5]. Financial Performance - Polestar's Q1 revenues were down 36% year over year, significantly below market expectations, partly due to delayed revenue recognition from vehicle sales to a joint venture in China [3]. - The company reported negative gross margins of nearly 9% for Q1, attributed to lower vehicle sales and increased discounting [3]. - Operating losses increased by approximately 5% year over year, totaling around $232 million for Q1, while free cash flow was negative at nearly $393 million [3]. - Despite a new $950 million loan to improve its balance sheet, Polestar ended Q1 with about $784 million in cash and a negative equity balance exceeding $1.54 billion [3][5]. Delivery and Production Challenges - Q2 deliveries totaled 13,000 vehicles, marking a decline of over 17.5% compared to the previous year, despite the introduction of two new models [7]. - The company has revised its delivery guidance for 2025 down to 155,000 units, nearly halving the original forecast, indicating significant challenges ahead [9]. Valuation and Market Position - Polestar's current valuation is approximately 0.18 times its expected 2026 revenues, which is lower than traditional automakers like Ford and General Motors, and significantly less than other EV companies [8]. - The stock has seen a decline of over 23% since the last analysis, despite a recent rally of more than 55% from its lows [10]. Future Outlook and Capital Needs - The company is expected to require an additional $350 million to reach cash flow breakeven by late 2025, with potential dilution of shares anticipated [9]. - Analysts have mixed views on Polestar, with an average price target of $2.73, suggesting potential for significant upside from current levels, although the valuation remains at a historic low [11].

Polestar (NASDAQ:PSNY), an electric vehicle (EV) company backed by China's Geely (OTCMKTS:GELYY), but based in Sweden, got a non-compliance notice from Nasdaq for failing to maintain a price of $1 per share. EV Winter Polestar plans to build its Polestar 3 in Ridgeville, South Carolina. But the Biden administration's new 25% tariff on Chinese batteries has forced a re-evaluation. PSNY Stock: What Happens Next? Read More:Penny Stocks — How to Profit Without Getting Scammed PSNY stock was at 94 cents per shar ...

So I think that is very positive from that perspective. And also, as I mentioned, we have basically not utilized our trade financing facility of EUR470 million. So we are basically 90% of that or more than 90% of that one free for time being. So we can use that going forward here. Clearly then with the situation right now where we see movements in tariffs and movements in price position, et cetera. There will be a lot of focus for us to adapt our business plan and our projects going forward, as Thomas said, ...

The shares of Sweden-based EV maker Polestar (NASDAQ:PSNY) stock are retreating about 9% today even though the electric vehicle company reported that its deliveries had surged in the second quarter. The automaker also confirmed that it had reduced its workforce by 15% this year, in-line with its previous commitment. On the negative side for PSNY stock, however, the company's revenue tumbled 36% in Q1 versus the same period a year earlier. Chinese automaker Geely owns about 24% of Polestar stock, while Volvo ...

Polestar Automotive Holding UK PLC (PSNY) , a Sweden-based EV maker, has released its preliminary unaudited financial and operational results for 2023. Revenues decreased 3% to $2.38 billion from $2.45 billion in 2022, mainly due to increased discounts and lesser carbon credit sales. The net loss increased to $1.17 billion in 2023 from $481.5 million reported in the previous year. Per Ansgar, CFO of Polestar, with the preliminary 2023 results published, the company and its auditors are finalizing the proces ...

The company is enhancing its retail presence with both current and new partners by transitioning to a nongenuine agency sales model throughout Europe. Customers can still configure and order their Polestar vehicles online or through the growing network of Polestar Spaces and service locations, simplifying the purchasing and ownership process. Sweden and Norway adopted this sales model earlier this month, with more key markets to follow in the latter half of the year. To support profitable growth in existing ...