Cantor Maintains Underweight on Polestar

Cantor Fitzgerald reiterated an Underweight rating on Polestar (PSNY) on June 29, 2026, in a mobility industry update from analyst Andres Sheppard, citing the company’s planned exit from the U.S. market.

“Polestar (PSNY, UW) announced on 6/25 that it is exiting the U.S. market for (model year 2027 and beyond) following the Connected Vehicle Rule denial by the U.S.

Department of Commerce’s Bureau of Industry and Security (BIS).

This rule prohibits the import and sale of connected vehicles containing hardware or software that is designed, developed, manufactured or supplied by entities linked to China.

We view this as a negative material catalyst since Polestar manufactures the majority of its vehicles in China.”

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