PSNY Stock Forecast: Listed Successfully, Now what?



PSNY Stock Forecast: Listed Successfully, Now what?

PSNY Stock Forecast: PSNY’s SPAC merger with GGPI executed, The deal raises $890 Million

PSNY Stock Forecast: Latest Price

PSNY Stock Forecast: Performance Chart

Stock Name 5 Days 1 Month 6 Months 1 Year
GGPI 46.8% 25.9% 13.4% 32.8%

PSNY Stock Forecast: Latest Tweet

PSNY Stock Forecast: Performance Chart

Indicator Trend
Overall Outlook Positive
Market Data 
Market Cap Higher
Technical Buy
Trading Volume Higher
Crowd’s Wisdom 
Google Search Volume Higher
Social Media Sentiment Neutral

Also Read: Ford Stock Forecast 2022

PSNY Stock Forecast: GGPI SPAC Merger

Polestar’s shares began trading on Friday under the ticker of “PSNY” – On its debut, the stocks fell by 7%. This is because it takes time for early-stage companies to show significant capital returns and cash flows. The trading began after a SPAC merger with Gores Guggenheim (GGPI).

Polestar already has many running vehicles on the ground implying that their operations have already had a starting point and Volvo still owns 48% of the company. It has a factory in China and expects to add new vehicles to its portfolio soon. By the end of 2025, the goal is 290,000 vehicles. The deal raised $890 Million which will now be used to make the company profitable.

PSNY Stock Forecast: Latest Video

YouTube video

PSNY Stock: PSNY IPO

The timing for this merger was apt – Polestar ad recently announced record sales, a growth of 290% on Polestar 2. In 2022, it is now present in 25 markets with 130 retail locations. They plan to add an SUV, Polestar 3 new vehicle by 2024 according to the CEO. It gives them the advantage of being a newly listed company with a notable base for production and sales. After the closing of the SPAC merger, the companies continue to trade under a single ticker. GGPI stock has been rising since the announcement.

IPOs can be volatile for a few months – and investors are wary about such deals. However, EV is a hot market with an ever-rising demand and trend. On Friday, the stock peaked right when the market opened at $12.9 and then eventually fell to $10.6 – It has been rising ever since.

PSNY Stock Forecast: Google Trends

PSNY Stock Forecast: Technical Analysis

PSNY Stock Forecast

Nandini Panchal

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.



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