Cantor Fitzgerald analyst Andres Sheppard downgraded Polestar to Underweight from Neutral without a price target. The cites its lower delivery expectations, Polestar's additional capital needs, the recent share price appreciation, and the company's "unclear" autonomy strategy for the downgrade. Polestar's business update included that it now expects low double-digit volume growth in fiscal 2026, which is down from the prior target of 30%-35% compound annual retail sales volume growth from 2025 to 2027, the analyst tells investors in a research note. The new volume guidance can result in a 16% cut to 2026 revenue estimates, which is "disappointing," says Cantor.
