Polaris Goes Electric With Its Off-Road Vehicles [Business News Network (BNN) (Canada)]
Polaris Inc. (PII)
Last polaris inc. earnings: 4/28 06:00 am
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Source: Business News Network
Gasoline engines, it turns out, are a dead give-away for many a marksman; they aren't ideal around skittish livestock either. That's part of the pitch from Polaris Inc. this morning as it unveils an electric version of its Ranger off-road vehicle, a staple of rural America and the best-selling product in the company's $7 billion motorsports empire. The battery-powered machine, formally dubbed the Ranger XP Kinetic, will not only be virtually silent but roughly one-third more powerful than similar models that still burn dead dinosaur goo; Polaris also reckons the rig will be about 70% cheaper to service and maintain. “It provides an opportunity for us to broaden the market and attract people who may not have come into the space,” said chief executive officer Mike Speetzen. “We do think it will cannibalize some customers, but how much and how fast remains to be seen.” The new Polaris rig will be able to tow up to 2,500 pounds and convey real-time battery capacity on a seven-inch i
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News
- Polaris Inc. (NYSE: PII) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Polaris Inc. (NYSE: PII) had its price target lowered by analysts at Citigroup Inc. from $100.00 to $96.00. They now have a "neutral" rating on the stock.MarketBeat
- Polaris Inc. (NYSE: PII) had its price target lowered by analysts at Royal Bank of Canada from $103.00 to $97.00. They now have a "sector perform" rating on the stock.MarketBeat
- Polaris Inc. (NYSE:PII) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Polaris Inc. (NYSE: PII) had its price target lowered by analysts at Truist Financial Co. from $96.00 to $92.00. They now have a "hold" rating on the stock.MarketBeat
PII
Earnings
- 4/23/24 - Beat
PII
Sec Filings
- 4/25/24 - Form S-8
- 4/23/24 - Form 10-Q
- 4/23/24 - Form 8-K
- PII's page on the SEC website