Why Polestar Stock Is Sizzling Hot Today
There's no stopping Polestar Automotive (NASDAQ: PSNY). After going ballistic last month, shares of the Swedish electric vehicle (EV) maker are off to a flying start in September, surging 19.7% at their highest point in trading as of 12:10 p.m. ET Tuesday.
Polestar has appointed a new chief financial officer as it gears up to launch new models and expand its footprint, and investors believe this could just be the beginning of better days ahead for the EV stock.
This morning, Polestar announced the appointment of Jean-Francois Mady as its chief financial officer effective Oct. 21, 2024. Most recently, Mady was with auto giant Stellantis. Polestar's current CFO, Per Ansgar, joined the company on an interim basis earlier this year and will resume his role as the CFO of Geely Sweden Holding. Geely Holding and Volvo are major stakeholders in Polestar.
Source Fool.com
Geely Automobile Holdings Stock
Our community is currently high on Geely Automobile Holdings with 4 Buy predictions and 0 Sell predictions.
As a result the target price of 3 € shows a very positive potential of 57.44% compared to the current price of 1.91 € for Geely Automobile Holdings.
