TECH - Bernstein Analyst Thinks EV Maker Polestar Should Go Private | Benzinga
Research and brokerage firm Bernstein is of the opinion that Volvo Car AB and its parent company Geely might need to take Polestar Automotive Holding UK PLC (NASDAQ:PSNY) private.
What Happened: Bernstein analyst Daniel Roeska suggested in a note that it’s not beneficial for Polestar to stay as a stand-alone equity, Bloomberg reported. “We would like to see the concept and brand survive, but think it would make more sense for Polestar to eventually fold back into the Volvo Cars-Geely ecosystem,” Roeska said while adding that he likes the cars.
When initiating coverage of Polestar, Bernstein rated the company as underperforming, with a target ...