Fintel reports that on September 7, 2023, Barclays downgraded their outlook for Polestar Automotive Holding UK PLC – ADR (NASDAQ:PSNY) from Equal-Weight to Underweight.
Analyst Price Forecast Suggests 75.04% Upside
As of August 31, 2023, the average one-year price target for Polestar Automotive Holding UK PLC – ADR is 5.48. The forecasts range from a low of 1.62 to a high of $9.45. The average price target represents an increase of 75.04% from its latest reported closing price of 3.13.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Polestar Automotive Holding UK PLC – ADR is 5,603MM, an increase of 111.29%. The projected annual non-GAAP EPS is -0.48.
What is the Fund Sentiment?
There are 105 funds or institutions reporting positions in Polestar Automotive Holding UK PLC – ADR. This is an increase of 7 owner(s) or 7.14% in the last quarter. Average portfolio weight of all funds dedicated to PSNY is 0.07%, a decrease of 39.71%. Total shares owned by institutions increased in the last three months by 17.08% to 20,978K shares. The put/call ratio of PSNY is 0.24, indicating a bullish outlook.
What are Other Shareholders Doing?
AMF Pensionsforsakring AB holds 4,400K shares. No change in the last quarter.
PBW – Invesco WilderHill Clean Energy ETF holds 2,652K shares. In it’s prior filing, the firm reported owning 2,250K shares, representing an increase of 15.19%. The firm increased its portfolio allocation in PSNY by 9.94% over the last quarter.
Invesco holds 2,560K shares. In it’s prior filing, the firm reported owning 2,741K shares, representing a decrease of 7.08%. The firm increased its portfolio allocation in PSNY by 855.61% over the last quarter.
BNP Paribas Asset Management Holding holds 1,925K shares. In it’s prior filing, the firm reported owning 38K shares, representing an increase of 98.03%. The firm increased its portfolio allocation in PSNY by 7,788.44% over the last quarter.
Saba Capital Management holds 1,441K shares. In it’s prior filing, the firm reported owning 2,317K shares, representing a decrease of 60.74%. The firm decreased its portfolio allocation in PSNY by 14.47% over the last quarter.
This article originally appeared on Fintel
The Easy Way To Retire Early
You can retire early from the lottery, luck, or loving family member who leaves you a fortune.
But for the rest of us, there are dividends. While everyone chases big name dividend kings, they’re missing the real royalty: dividend legends.
It’s a rare class of overlooked income machines that you could buy and hold – forever.
Click here now to see two that could help you retire early, without any luck required.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
