PSNY Should I Buy
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Polestar Automotive Holding UK PLC (PSNY) is not a strong buy at the moment for a beginner investor with a long-term strategy. While the company has announced plans to expand its EV lineup, the recent downgrade by analysts, disappointing financial performance, and lack of strong trading signals suggest that it is better to wait for more favorable conditions or clearer growth prospects.
The technical indicators show a neutral trend. The MACD histogram is positive and expanding, suggesting mild bullish momentum, but the RSI is neutral at 53.241. Moving averages are converging, indicating no strong directional trend. Key support and resistance levels are at 17.052 (pivot), 20.148 (R1), and 13.956 (S1).
Polestar plans to launch four new electric vehicle models between 2026 and 2028, including a flagship model, which could drive long-term growth and profitability.
Analysts have downgraded the stock due to lower delivery expectations, additional capital needs, and unclear autonomy strategy. The company's new volume guidance has led to a 16% cut in 2026 revenue estimates. Financial performance remains weak with negative net income and gross margin.
In Q3 2025, revenue remained flat YoY at $748 million, net income was -$365.3 million, and gross margin was -6.08%. These metrics indicate no significant improvement in financial health.
Recent analyst ratings are negative. Cantor Fitzgerald downgraded the stock to Underweight, citing disappointing revenue guidance and unclear strategy. Barclays raised the price target to $15 but maintained an Underweight rating, favoring other automakers with better production rates and reduced EV losses.
