Polestar Downgraded After Cutting Growth Guidance to Low Double Digits and Plans Four Models
Polestar was downgraded by Cantor Fitzgerald from Neutral to Underweight after trimming fiscal 2026 volume growth to low double digits and flagging additional capital requirements and an unclear autonomy strategy. The revised guidance could cut 2026 revenue estimates by 16%, even as the company launches four new models by 2028.
1. Analyst Downgrade and Rationale
Cantor Fitzgerald lowered Polestar’s rating to Underweight on February 18 due to reduced delivery expectations, recent share price gains, looming capital needs and an unclear autonomy strategy.
2. Revised Growth Guidance and Financial Impact
The company now forecasts low double-digit volume growth for fiscal 2026, down from a prior 30%–35% annual target, a shift that could trim revenue estimates by about 16% next year.
3. Largest Model Offensive by 2028
Polestar unveiled plans for four new vehicles—Polestar 5, Polestar 4, Polestar 2 and Polestar 7—by 2028, and aims to expand its global retail network by 30% in 2026 to support volume growth.