Polestar: Continues To Deliver

Felix Fung
1.62K Followers

Summary

  • Polestar is now down nearly 30% year to date.
  • It is one of the most exciting emerging car manufacturers in the EV industry, and its opportunities are huge.
  • The latest earnings showed substantial progress with strong revenue growth and an improved bottom line.
  • The balance sheet is what makes me cautious, as cash in hand can only support less than a year of operation.
  • I rate the company as a hold.

White Polestar 2 electric car waiting for green light..

Trygve Finkelsen/iStock Editorial via Getty Images

Investment Thesis

Polestar (NASDAQ:PSNY) was one of the most high-profile SPACs that went public last year. However, the company has been performing poorly with shares down over 70% from its all-time high. I see decent potential in

This article was written by

1.62K Followers
Individual investor with four-year experience. I focus on long-term investing opportunities around companies with high-quality fundamentals or compelling turnaround potential. Currently studying business and economics at the University of New South Wales. Appreciate any feedback and comments.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About PSNY Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on PSNY

Related Stocks

SymbolLast Price% Chg
PSNY
--