What happened to Stellantis stock today?

The company announced roughly €22 billion in EV write-downs, suspended its 2026 dividend, and plans to issue up to €5 billion in bonds. Shares fell nearly 30% intraday as investors priced in weaker near-term earnings and lower cash returns. The update also included EV model cuts and a pivot toward profitable segments.

Is the Stellantis dividend canceled for good?

No. Management suspended the 2026 dividend to preserve cash during restructuring. They plan to reassess payouts once profitability and free cash flow improve. Before the news, the trailing yield was around 8%, but investors should not expect income support until guidance shows a clear recovery in cash generation.

What should German investors focus on now?

Watch the 26 February earnings call for a detailed charge schedule, free cash flow outlook, and bond pricing. Track pricing power in Europe, Opel-related updates, and supplier implications. If execution improves and liquidity remains solid, sentiment could stabilize. Until then, manage position size and expect elevated volatility.

Is Stellantis stock cheap after the drop?

Valuation looks low on metrics like price-to-book near 0.32x, but that reflects higher risk to earnings and cash flows. Cheap can stay cheap without clear catalysts. Wait for proof of positive free cash flow, successful bond demand, and credible product timing before assuming a sustained re-rating.

Global Market Insights

STLA Stock Today: €22B EV Write-Down, Dividend Cut – February 06

ByHuzaifa Zahoor February 7, 2026

Stellantis stock slumped today after the group flagged about €22 billion in EV write-downs, suspended its 2026 dividend, and outlined a bond issuance plan of up to €5 billion. Management will scale back models and investments as U.S. EV demand softens. Shares fell nearly 30% intraday, weighing on European autos. For German investors, the move hits Opel’s parent and ripples through suppliers. With earnings due on 26 February, clarity on cash flow, bond pricing, and the refreshed EV roadmap will be key.