Wed Sep 25 07:02:43 UTC 2024: ## Polestar Automotive Holding UK Stock Sees Mixed Signals from Analysts
**Gothenburg, Sweden – September 25, 2024** – Polestar Automotive Holding UK (NASDAQ: PSNY), the Swedish electric vehicle manufacturer, is experiencing a mixed bag of signals from research firms. While the company’s stock opened at $1.74 on Wednesday, analysts are projecting a challenging year ahead.
The company reported a loss of $0.35 per share for the quarter ending August 14th, generating $534.12 million in revenue. Analysts predict a loss of $0.53 per share for the current fiscal year.
Polestar’s stock has seen a volatile year, with a 12-month low of $0.61 and a high of $2.94. Despite this, the company’s 50-day moving average price sits at $1.04, and the 200-day moving average is $1.12.
The news comes amid a broader industry trend, with EVgo, Inc. (NYSE: EVGO) being given an average rating of “Moderate Buy” by brokerages, while Mortice (LON: MORT) saw its stock price fall below its 200-day moving average.
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