POLESTAR AUTO.ADR/C1 Aktie

Polestar’s stock closed at $7.53, marking a 52-week low; the price is about 73.96% lower year-on-year and market capitalization is roughly $1.31 billion. The company reported disappointing Q2 results with adjusted EPS of -$2.19 (expectation -$1.81) and a negative gross margin of -5.69%. Polestar cut full-year growth guidance to low- to mid-single-digit percentage growth, sees continued cash burn, and said it will not appeal a U.S. trade ruling banning sales from model year 2027. Analysts such as Cantor Fitzgerald maintained an underweight rating, while InvestingPro considers the stock undervalued. » More on de.investing.com

Polestar reported an adjusted EPS of -$2.19 for Q2, missing analysts’ expectation of -$1.81, after which the stock fell 9.92% premarket to $10.80. Despite a record first half with 30,423 vehicles sold, revenue and profitability declined; revenue in H1 fell 4% and in Q2 fell 8% year‑on‑year. Management lowered the delivery outlook to low‑ to mid‑single‑digit percentage growth and will not appeal a US export ban starting with the 2027 model year. Liquidity stood at $888 million at the end of June, but the ongoing cash burn remains a key risk. » More on de.investing.com

Polestar says communications with the US Commerce Department led it to expect approval to continue selling its EVs, but its application was denied despite Volvo receiving authorization under a similar ownership structure. The company says it offered mitigation measures such as audits, data storage limits and restrictions on remote access, which BIS declined to discuss. Polestar will halt US sales starting with the 2027 model year, is pressing the administration for an explanation and faces a dealer lawsuit alleging it engineered the exit. » More on theverge.com