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Stock impact report

Polestar Q2 Earnings: A Buy-The-Dip Opportunity (Rating Upgrade) [Seeking Alpha]

Lucid Group, Inc. (LCID) 
Company Research Source: Seeking Alpha
Polestar's shares declined 13% after earnings submission, presenting a buying opportunity for long-term investors. Polestar's growing EV portfolio and upcoming product launches could lead to incremental revenue growth as well as improving investor sentiment. Shares have an attractive valuation relative to other EV companies with significant delivery volumes. Volvo-owned electric vehicle start-up Polestar ( NASDAQ: PSNY ) reported results for the second fiscal quarter on Thursday that missed revenue expectations. Despite Polestar seeing continued momentum in deliveries and revenues in Q2'23, the EV company's shares declined 13% after earnings submission. Considering that Polestar continues to expect to deliver 60,000 to 70,000 electric vehicles to customers this year and is set for new EV product launches in the near future, I believe the drop constitutes a buying opportunity! Previous rating Polestar confirmed its guidance for FY 2023 deliveries and is now just about to kic Show less Read more
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