New York, March 2, 2026, 08:10 EST — Premarket
- Polestar shares surged 20.4% to finish Friday at $23.28, tacking on more gains to a steep rally that kicked off in late February.
- Polestar’s four-car rollout through 2028—and the trimmed 2026 target—still has investors working through the implications.
- Investors are now looking ahead to full-year 2025 results and fresh guidance from the company, on track for release in April.
Polestar Automotive Holding UK PLC shares caught attention before Monday’s U.S. open, closing out Friday with a 20.4% jump to $23.28. That puts the stock roughly 35% above where it ended Feb. 20.
The surge is significant: Polestar wants a strategy overhaul to actually fuel sales this time around—without running up costs as before. Investors have treated the shares like a running tally on the company’s funding prospects.
Polestar, in a Feb. 18 SEC filing, detailed plans for its “largest model offensive” yet. The update pegged Polestar 5 deliveries to start in summer 2026, with a Polestar 4 variant lined up for the fourth quarter that year. The automaker targets a new Polestar 2 for 2027 and aims to launch the Polestar 7 in 2028. Management is projecting “low double-digit” volume growth in 2026, alongside plans to expand its retail network by about 30%.
Geely is focusing on revamped models and putting Europe at the center of its strategy, aiming to stretch its cash reserves as tariffs and flagging EV demand raise the stakes for profitability. “We do this because we think that Polestar is a very strong brand,” Geely Sweden Holding CEO Per Ansgar told Reuters, adding that the company will continue to provide financial support to Polestar. Reuters
Polestar boss Michael Lohscheller didn’t mince words on the immediate goal: “We want to be above 100,000 (annual sales) as quickly as we can,” he told Reuters. He underscored the premium focus. Reuters
Polestar’s capital-raising moves have drawn investor attention. In early February, the company landed a $400 million equity investment after previous funding deals with banks and its majority stakeholder.
Traders will be eyeing Friday’s move in the next session to see if it sticks when liquidity picks up, or if the stock slips as fast money pulls out.
After market close, attention shifts to what Polestar will reveal about its 2026 targets alongside full-year 2025 numbers. The company has previously indicated that updated guidance is tied to that results release. Current market calendars point to an expected earnings date of around April 30.
Plenty could trip this up. Should European demand remain sluggish, or tariffs continue to shut out crucial U.S. models, even a refreshed lineup might fall short. Plus, whispers of further dilution would hit another note now, with shares already up.
