But then, if you’re bullish on GGPI stock, this is another headwind to consider. While the Polestar 2 is a reasonably priced EV (relatively speaking), the Polestar 1 is not, at an MSRP of $155,000.

As I write this on the final day of February, GGPI stock is putting up a solid performance, moving a little less than 2% from the prior session. While nothing to write home about in any other ...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips And GGPI, or rather blank-check outfit Gores Guggenheim, is in a strong position to capitalize on momentum within the EV market.

Can It Grow? Hake calls GGPI stock very cheap. This is based on the company’s estimated 2021 revenue of $1.6 billion, with 23,000 vehicles sold.

But at a 17% premium to trust value, don’t buy GGPI stock now. And in a more tepid market, investors shouldn’t expect Polestar’s IPO to have the same sizzle as those previous EV IPOs.

It is also seeking to increase EV sales to around 290,000 by the end of 2025. Cramer gave Gores Guggenheim, Inc. (NASDAQ:GGPI) stock a Sell rating during the Lighting Round of his show on April 12.