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Gores Guggenheim, Inc.NasdaqCM:GGPI Stock Report

Market Cap US$1.1b
Share Price
n/a
1Y14.7%
7D11.3%
1D3.6%
Portfolio Value
​
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Gores Guggenheim, Inc.

NasdaqCM:GGPI Stock Report

Market Cap: US$1.1b

This company is no longer active

The company may no longer be operating, as it may be out of business. Find out why through their latest events.

Gores Guggenheim (GGPI) Stock Overview

As of June 23, 2022, Gores Guggenheim, Inc. More details

GGPI fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

Risk Analysis

Makes less than USD$1m in revenue ($0)

Negative shareholders equity

Has less than 1 year of cash runway

Less than 3 years of financial data is available


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Gores Guggenheim, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Gores Guggenheim
Historical stock prices
Current Share PriceUS$11.23
52 Week HighUS$16.41
52 Week LowUS$8.53
Beta0
1 Month Change9.78%
3 Month Change-2.52%
1 Year Change14.71%
3 Year Changen/a
5 Year Changen/a
Change since IPOn/a

Recent News & Updates

Seeking Alpha • Jun 21

Is Gores Guggenheim A Buy Ahead Of Its Merger With Polestar?

GGPI shareholders will be voting on its proposed merger with Swedish EV maker Polestar on Wednesday, June 22. Upon approval of the transaction, Polestar could be making its debut on Nasdaq under the ticker "PSNY" as soon as later this week. The stock is currently trading at its implied transaction enterprise value with no post-close premium in sight, a rare occurrence compared to blockbuster EV IPOs observed in the past two years. GGPI remains attractive at current levels, considering Polestar's growth prospects buoyed by key near-term catalysts that include the launch of its flagship SUV later this year, and continued expansion across core EV regions later this year.
Seeking Alpha • May 18

Gores Guggenheim-Polestar: A Promising EV Player

Gores Guggenheim is set to merge with Polestar. The transaction is projected to close on 1H22 and a few weeks remain. Polestar is unlike other EV pure-plays and already has meaningful revenues, production, scale, deliveries, and global presence. Polestar’s non-capital-intensive approach as it leverages its parent’s infrastructure and manufacturing facilities is a gamechanger and has served them well in terms of production and deliveries thus far.
Seeking Alpha • Apr 07

What You Need To Know Ahead Of The Upcoming GGPI-Polestar Merger

Gores Guggenheim ("GGPI") announced its planned de-SPAC transaction with Volvo- and Geely-backed electric vehicle maker Polestar last year. The transaction is expected to close in the first half of 2022. The GGPI stock continues to trade at a discount to other EV pureplays, despite already-contracted valuation multiples across the board amid a risk-off market environment fueled by mounting macroeconomic headwinds. Considering Polestar's operational efficiency and asset light advantage compared to other pre-revenue and early-stage production ramp EV peers, as well as its longer-term fundamental growth prospects, GGPI's stock will likely see renewed upside momentum ahead of a valuation re-rate event post-merger.
Seeking Alpha • Feb 11

Buy GGPI Before The Merger With Polestar

Polestar will be going public through the SPAC Gores Guggenheim. Investors can use Lucid's go-public event as a blueprint for GGPI's near term trading potential. Fundamentally, GGPI looks to be at least two times undervalued compared to Lucid and Rivian. The comparison of Polestar to NIO or other Chinese EV makers is not apt. Polestar already has an international presence and the stock isn't structured as a VIE. I believe that the stock - either as GGPI or PSNY post-merger - can hit $20 within four months.
Seeking Alpha • Dec 02

SPAC Series: Gores Guggenheim And Polestar Expected To Accelerate

Polestar is a global pure-play EV company with significant potential. The company signed an agreement with GGPI SPAC to go public in a transaction valued at $20 billion. Gores Group is a reputable sponsor with many successful completed de-spacing transactions and potential deals in the works. Polestar is advanced in sales and production compared to competitors such as Rivian and Lucid, both valued at significantly higher multiples. Polestar’s strategic business partnerships with Volvo and Geely will allow it to rapidly expand in the next few years.
Seeking Alpha • Oct 04

Gores Guggenheim: Polestar Merger Should Entice EV Bulls

SPAC Gores Guggenheim is merging with Sweden's Polestar in a deal valued at $20 billion. Unlike other EV companies that have gone the SPAC route, Polestar has an established business — and the company has further advantages over rivals. Valuation is a concern, and the upside here might not be quite as large as for other stocks in the sector. Still, this is a solid and intriguing story, and the lack of enthusiasm toward GGPI stock seems like a surprise.

Recent updates

Seeking Alpha • Jun 21

Is Gores Guggenheim A Buy Ahead Of Its Merger With Polestar?

GGPI shareholders will be voting on its proposed merger with Swedish EV maker Polestar on Wednesday, June 22. Upon approval of the transaction, Polestar could be making its debut on Nasdaq under the ticker "PSNY" as soon as later this week. The stock is currently trading at its implied transaction enterprise value with no post-close premium in sight, a rare occurrence compared to blockbuster EV IPOs observed in the past two years. GGPI remains attractive at current levels, considering Polestar's growth prospects buoyed by key near-term catalysts that include the launch of its flagship SUV later this year, and continued expansion across core EV regions later this year.
Seeking Alpha • May 18

Gores Guggenheim-Polestar: A Promising EV Player

Gores Guggenheim is set to merge with Polestar. The transaction is projected to close on 1H22 and a few weeks remain. Polestar is unlike other EV pure-plays and already has meaningful revenues, production, scale, deliveries, and global presence. Polestar’s non-capital-intensive approach as it leverages its parent’s infrastructure and manufacturing facilities is a gamechanger and has served them well in terms of production and deliveries thus far.
Seeking Alpha • Apr 07

What You Need To Know Ahead Of The Upcoming GGPI-Polestar Merger

Gores Guggenheim ("GGPI") announced its planned de-SPAC transaction with Volvo- and Geely-backed electric vehicle maker Polestar last year. The transaction is expected to close in the first half of 2022. The GGPI stock continues to trade at a discount to other EV pureplays, despite already-contracted valuation multiples across the board amid a risk-off market environment fueled by mounting macroeconomic headwinds. Considering Polestar's operational efficiency and asset light advantage compared to other pre-revenue and early-stage production ramp EV peers, as well as its longer-term fundamental growth prospects, GGPI's stock will likely see renewed upside momentum ahead of a valuation re-rate event post-merger.
Seeking Alpha • Feb 11

Buy GGPI Before The Merger With Polestar

Polestar will be going public through the SPAC Gores Guggenheim. Investors can use Lucid's go-public event as a blueprint for GGPI's near term trading potential. Fundamentally, GGPI looks to be at least two times undervalued compared to Lucid and Rivian. The comparison of Polestar to NIO or other Chinese EV makers is not apt. Polestar already has an international presence and the stock isn't structured as a VIE. I believe that the stock - either as GGPI or PSNY post-merger - can hit $20 within four months.
Seeking Alpha • Dec 02

SPAC Series: Gores Guggenheim And Polestar Expected To Accelerate

Polestar is a global pure-play EV company with significant potential. The company signed an agreement with GGPI SPAC to go public in a transaction valued at $20 billion. Gores Group is a reputable sponsor with many successful completed de-spacing transactions and potential deals in the works. Polestar is advanced in sales and production compared to competitors such as Rivian and Lucid, both valued at significantly higher multiples. Polestar’s strategic business partnerships with Volvo and Geely will allow it to rapidly expand in the next few years.
Seeking Alpha • Oct 04

Gores Guggenheim: Polestar Merger Should Entice EV Bulls

SPAC Gores Guggenheim is merging with Sweden's Polestar in a deal valued at $20 billion. Unlike other EV companies that have gone the SPAC route, Polestar has an established business — and the company has further advantages over rivals. Valuation is a concern, and the upside here might not be quite as large as for other stocks in the sector. Still, this is a solid and intriguing story, and the lack of enthusiasm toward GGPI stock seems like a surprise.
Seeking Alpha • Jul 21

SPAC Series: Bullish On Gores Guggenheim

GGPI is a good speculative play on the rumour of merger discussions with Polestar, an electric vehicle company. Both the prospect of Polestar and the track record of the Gores Group as a Sponsor make GGPI a good investment choice. Investors in GGPI can participate in the potential upside of an initial public listing with limited downside. GGPI shares can be redeemed at the investor’s discretion for $10 or held through the business combination.

Shareholder Returns

GGPIUS Capital MarketsUS Market
7D11.3%0.09%2.4%
1Y14.7%2.7%19.6%

Return vs Industry: GGPI exceeded the US Capital Markets industry which returned -17.9% over the past year.

Return vs Market: GGPI exceeded the US Market which returned -18.4% over the past year.

Price Volatility

Is GGPI's price volatile compared to industry and market?
GGPI volatility
GGPI Average Weekly Movement7.8%
Capital Markets Industry Average Movement3.7%
Market Average Movement7.2%
10% most volatile stocks in US Market16.3%
10% least volatile stocks in US Market3.1%

Stable Share Price: GGPI has not had significant price volatility in the past 3 months.

Volatility Over Time: GGPI's weekly volatility (8%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2020n/an/awww.gores.com/portfolio/gores-guggenheim-inc-2

As of June 23, 2022, Gores Guggenheim, Inc. was acquired by Polestar Performance AB, in a reverse merger transaction. Gores Guggenheim, Inc. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Gores Guggenheim, Inc. Fundamentals Summary

How do Gores Guggenheim's earnings and revenue compare to its market cap?
GGPI fundamental statistics
Market capUS$1.12b
Earnings (TTM)-US$65.41m
Revenue (TTM)n/a
0.0x
P/S Ratio
-17.2x
P/E Ratio

Is GGPI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GGPI income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
Other ExpensesUS$65.41m
Earnings-US$65.41m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.65
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio-2.2%

How did GGPI perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2022/06/26 08:59
End of Day Share Price 2022/06/23 00:00
Earnings2022/03/31
Annual Earnings2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Gores Guggenheim, Inc. is covered by 0 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.