Why did Stellantis stock plunge today?

Stellantis stock fell as the company booked €22.2 billion in charges, slowed its EV rollout, suspended the 2026 dividend, and flagged up to €5 billion in hybrid bonds. Investors reacted to weaker near-term margins and cash returns, plus cautious 2026 guidance. Some analysts called the reset necessary, but the timeline to improvement remains the key risk.

Is the Stellantis dividend canceled for 2026?

Yes. Management suspended the 2026 dividend to preserve flexibility during the strategic reset. That removes a key income pillar for shareholders and shifts focus to execution, margins, and free cash flow. Investors should reassess yield expectations and wait for updated guidance on capital returns after the turnaround milestones are clearer.

What are hybrid bonds and why issue them now?

Hybrid bonds are long-dated, subordinated securities that count partly as equity for credit metrics. Stellantis plans up to €5 billion to support balance sheet strength while it resets strategy. The trade-off: slightly higher financing costs and delayed equity payouts, but potential credit stability during a period of heavy product and operational changes.

Is Stellantis stock a buy after the drop?

It screens cheap on price-to-book and price-to-sales, but earnings and cash flow are the swing factors. With analysts leaning Hold, evidence of U.S. margin recovery, clean inventories, and solid hybrid bond demand would help. Conservative investors may prefer to wait for the 26 February update before taking larger positions.

Global Market Insights

STLA Stock Today, February 7: €22B EV Reset Triggers 27% Plunge

ByDanny Kontos February 7, 2026February 7, 2026

Stellantis stock tumbled after the automaker recorded €22.2 billion in charges, slowed its EV rollout, suspended the 2026 dividend, and flagged up to €5 billion in hybrid bonds. For CHF-based investors, the sell-off raises questions about income, balance sheet strength, and timing. Symbol STLA now trades near multi-year lows, with analysts calling the reset tough but necessary. We break down what changed, how the numbers screen after the drop, and what Swiss portfolios should consider next.