What's Going On With Polestar Shares On Monday?

Polestar (NASDAQ:PSNY) (NASDAQ:PSNYW) shares are tanking as the company reports record retail sales for the first half of 2026.

The news comes as S&P 500 futures are gaining about 0.4%, indicating a mixed market tone overall.

First-Half Retail Sales

The record sales figure of 30,423 cars (+0.4%) sold in the first half suggests strong demand despite regulatory and market challenges. Meanwhile, in the second quarter, retail sales declined 4% Y/Y to 17,296.

Polestar CEO Michael Lohscheller highlighted the achievement of record sales, emphasizing growth in key markets like the UK, Germany, and South Korea.

The company is also expanding its retail network, now boasting 235 sites, a 39% increase from last year, and is preparing for new model launches, including the Polestar 5 and Polestar 4 SUV.

Polestar Earnings Date And Analyst Forecasts

Polestar is slated to provide its next financial update on September 3, 2026 (estimated).

• EPS Estimate: 168 cents (Up from 1680 cents YoY)
• Revenue Estimate: $839.80 million (Down from $1.42 billion YoY)

Analyst Consensus & Recent Actions: The stock carries a Sell rating with an average price target of $15.00. Recent analyst moves include:

• Cantor Fitzgerald: Downgraded to Underweight (Feb. 19)
• Barclays: Underweight (Raises Target to $15.00) (Jan. 23)
• Cantor Fitzgerald: Neutral (Sept. 4, 2025)

PSNY Technical Analysis: Trend, Momentum And Key Levels

The stock has been on a downward trajectory, with a 12-month performance showing a decline of 53.58%. Currently, Polestar is trading significantly below its moving averages, with the 20-day simple moving average (SMA) at $18.37, indicating bearish momentum. The MACD is below its signal line, suggesting fading momentum, which aligns with the stock’s recent price action.

• Key Resistance: $19.84 — This level corresponds to the 50-day SMA, which has historically acted as a barrier for upward price movement.
• Key Support: $11.75 — The 52-week low, which could serve as a critical floor for the stock if bearish sentiment continues.

How Polestar Ranks On Momentum And Market Signals

Below is the Benzinga Edge scorecard for Polestar, highlighting its strengths and weaknesses compared to the broader market:

• Momentum: Weak (Score: 4.99) — The stock is showing very weak performance indicators.

The Verdict: Polestar’s Benzinga Edge signal reveals a weak profile, indicating challenges in maintaining upward momentum in a competitive market. Investors should monitor upcoming earnings and sales trends closely to gauge future performance.

PSNY Stock Price Action In Premarket Trading

PSNY Stock Price Activity: Polestar shares were down 1.61% at $14.66 during premarket trading on Monday, according to Benzinga Pro data. At last check, PSNYW is down 22%, trading at around $4.10.

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