Polaris Inc. - PII STOCK NEWS

Polaris Off Road has announced its 2025 RZR XP lineup, building on last year’s redesign with enhanced durability, performance, and technology at lower prices across all trim levels. New features include Polaris’ RIDE COMMAND system in the Premium trim, a 4,500 lb winch in the Ultimate trim, and refreshed colors and graphics. The RZR XP models feature a 999cc, 114-horsepower engine, a 25% stronger chassis, and Walker Evans Racing Needle Shocks for a smoother ride. Prices start at $19,999 for the Sport trim, $21,999 for the Premium trim, and $24,999 for the Ultimate trim.

Polaris, in partnership with the Michigan Economic Development (MEDC), has launched an innovative off-road electric vehicle charging network in Michigan's Upper Peninsula. Supported by a $700,000 MP4 grant, the network covers nearly 100 miles of trails, with four charging stations installed in key locations. This marks the first nationwide rental availability of Polaris' all-electric RANGER XP Kinetic. The initiative aims to modernize outdoor recreation with electric and technology-enabled vehicles. Polaris partnered with Yotta Energy for scalable, renewable energy-based charging solutions. This project aligns with Polaris' strategy to integrate EV technology into powersports, enhancing user experience and environmental sustainability.

Polaris Adventures, part of Polaris Inc. (NYSE: PII), announced the expansion of its boat rental services across its network. Now available at 35 locations in 12 states, the rentals feature Bennington and Godfrey pontoons and Hurricane deck boats. The expansion aims to cater to the growing demand for unique outdoor experiences. Available year-round in Arizona and Texas, and seasonally in other states, rentals start at $275 for half-day or full-day options. Polaris Adventures aims to provide a memorable and safe experience, leveraging its extensive knowledge of nearby attractions and providing new fleets annually since its 2017 inception.

Polaris Off Road has unveiled its 2025 Sportsman 570 2-up ATV lineup, including the Sportsman Touring 570, X2 570, and 6x6 570. Notable enhancements include improved suspension, increased ground clearance, and a two-times more rigid chassis for a smoother ride. The lineup features a new 7" touchscreen infotainment display and heated seats for added comfort. Storage capacity has been increased to 11 gallons. Prices start at $9,999 for the Sportsman Touring 570 and go up to $14,999 for the 6x6 570, with availability beginning in June 2024.

Polaris Factory Racing celebrated another victory as Cayden MacCachren clinched the UTV Overall and Pro UTV Open class at the 2024 SCORE Baja 500 in a RZR Pro R Factory vehicle. Alongside co-driver Hailey Hein, MacCachren's performance marked his third consecutive SCORE series win. Fellow Polaris racer Branden Sims secured second place, while Craig Scanlon finished fourth. The team's success underscores the strength and reliability of the RZR Pro R Factory. MacCachren started strong, faced intense competition, and ultimately won with a time of 10:36:42.481. Sims finished closely behind, maintaining pressure throughout the race. Polaris Factory Racing will next compete at the Best in the Desert Vegas to Reno event in August 2024.

Indian Motorcycle announced its continued support for the Veterans Charity Ride (VCR), a non-profit aiding combat-wounded veterans through motorcycle therapy. This partnership, now entering its 10th year, helps veterans transition back to civilian life by offering camaraderie and motorcycle adventures. To mark the anniversary, VCR will host a Memorial Day reunion to honor fallen soldiers and celebrate the lives of participating veterans. Events are scheduled in Salt Lake City from May 24-27 and in Moab from June 8-16, with activities including motorcycle rides, adventure activities, and therapy sessions.

Polaris released its 2023 Geared For Good Report, highlighting its efforts to support employees, riders, communities, and the environment. Key initiatives include the introduction of new products focusing on safety and environmental impact, achieving 50001 Readiness designation for seven U.S. locations, and signing a virtual power purchase agreement to offset 40% of its U.S. electrical use. Additionally, Polaris developed an off-road EV charging network in Michigan and donated $225,000 to trail stewardship. The company also reported a record-low Total Recordable Incident Rate and contributed over $5.5 million to community organizations.

Polaris Off Road unveils its 2024 Team Polaris roster for the Professional Rodeo Cowboy Association (PRCA), featuring eight-time champion Stetson Wright and his brothers along with returning champion Lisa Lockhart. Polaris reaffirms its commitment to the rodeo community by supporting seven events across Texas and nationwide, showcasing its utility vehicles. The brand continues to emphasize hard work and dedication through its athlete partnerships and event sponsorships.

Indian Motorcycle, in collaboration with Folds of Honor, is organizing a fundraising effort to support the families of fallen or disabled military service members and first responders by providing educational scholarships. They are encouraging Indian Motorcycle owners to participate in regional rides on August 24, 2024, with the chance to win a custom Indian Springfield for the individual who raises the most funds. Additional products and prizes are also offered at different donation levels.