Polestar: Dangerous Setup (Rating Downgrade) [Seeking Alpha]
Lucid Group, Inc. (LCID)
Company Research
Source: Seeking Alpha
The company has delayed its financial reports for FY 2023 and Q1'24. Polestar now projects to report those results at the end of June. I expect Polestar to issue a weak FY 2024 delivery target and walk back its FY 2025 delivery guidance due to slowing demand for EVs. Polestar's valuation has been significantly impacted by slowing demand for high-priced electric vehicles and the company's reporting troubles. I believe a delisting at this point is the most likely outcome for Polestar. Polestar ( NASDAQ: PSNY ) is suffering from waning electric vehicle demand that has also crushed other electric vehicle companies including Fisker, which is said to be fighting off bankruptcy, and Lucid Group ( LCID ). The Swedish electric-vehicle company still has Recommended For You Recommended For You About PSNY Stock
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LCID
News
- DataLend: Securities Lending Revenue Down 16% Year-Over-Year to $2.53 Billion in Q2 2024 [Yahoo! Finance]Yahoo! Finance
- Lucid Group, Inc. (NASDAQ: LCID) had its "underweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $4.00 price target on the stock.MarketBeat
- Lucid Group, Inc and Gravity, Inc. Reach Agreement Regarding Trademark Dispute [Yahoo! Finance]Yahoo! Finance
- Lucid Group, Inc and Gravity, Inc. Reach Agreement Regarding Trademark DisputePR Newswire
- Lucid Appoints Nick Twork as Head of Global Communications [Yahoo! Finance]Yahoo! Finance
LCID
Earnings
- 5/6/24 - Miss
LCID
Sec Filings
- 6/7/24 - Form 4
- 6/7/24 - Form 4
- 6/7/24 - Form 4
- LCID's page on the SEC website