The reduction in Polestar Automotive’s consensus price target reflects significantly lowered revenue growth forecasts, with fair value revised down from $0.967 to $0.875.
What's in the News
- Polestar will expand its manufacturing footprint to Europe, signing a memorandum of understanding with Volvo Cars to produce Polestar 7 in Kosice, Slovakia, ahead of the SUV's 2028 launch.
- The company’s shareholders approved the adoption of new Articles of Association at its annual general meeting.
- Polestar entered a securities purchase agreement with PSD Investment Limited (controlled by Geely’s Shufu Li) to issue 190,476,190 class A American depositary shares at $1.05 each, raising gross proceeds of $200 million.
Valuation Changes
Summary of Valuation Changes for Polestar Automotive Holding UK
- The Consensus Analyst Price Target has fallen from $0.967 to $0.875.
- The Consensus Revenue Growth forecasts for Polestar Automotive Holding UK has significantly fallen from 63.1% per annum to 43.2% per annum.
- The Future P/E for Polestar Automotive Holding UK remained effectively unchanged, moving only marginally from 6.75x to 6.88x.
Disclaimer
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