- Polestar Automotive Holding UK PLC reported earnings per share of -$0.19, missing the estimated -$0.12.
- The company’s price-to-sales ratio stands at approximately 1.52, indicating the amount investors are willing to pay for each dollar of sales.
- Polestar is involved in legal issues, with class action lawsuits filed by Bronstein, Gewitz & Grossman, LLC, and reminders from The Rosen Law Firm about the deadline for joining the securities class action.
Polestar Automotive Holding UK PLC, listed on NASDAQ as PSNY, is a company involved in the electric vehicle industry. It focuses on designing and manufacturing electric cars, competing with other EV makers like Tesla and Rivian. Despite its innovative approach, Polestar faces financial challenges, as reflected in its recent earnings report and ongoing legal issues.
On March 31, 2025, PSNY reported an earnings per share of -$0.19, which was lower than the estimated -$0.12. This indicates that the company is currently not profitable, as highlighted by its negative price-to-earnings (P/E) ratio of approximately -1.77. The negative earnings yield of about -56.50% further underscores the lack of earnings relative to the stock price.
The company generated a revenue of approximately $572.1 million, slightly below the estimated $572.1 million. The price-to-sales ratio of about 1.52 suggests that investors are paying $1.52 for every dollar of the company’s sales. However, the enterprise value to sales ratio of approximately 3.75 reflects a higher valuation relative to its revenue.
Polestar is also facing legal challenges. Bronstein, Gewirtz & Grossman, LLC has announced a class action lawsuit against PSNY and certain officers for alleged violations of federal securities laws. The lawsuit targets those who acquired Polestar securities between November 14, 2022, and January 16, 2025, accusing the defendants of making false or misleading statements.
The Rosen Law Firm has issued a reminder to investors regarding an important deadline for joining the securities class action. Investors who purchased Polestar securities during the specified period are encouraged to secure legal counsel before the March 31, 2025, deadline. This lawsuit offers the opportunity for compensation without any out-of-pocket fees, operating on a contingency fee basis.
