The 10 Worst-Performing Stocks on Monday

2. Polaris Inc. (NYSE:PII)

Automotive manufacturer Polaris Inc. dropped its share prices by 8.39 percent on Monday to end at $43.70 apiece after earning a downgraded outlook from investment research giant S&P Global.

According to S&P, it revised its credit rating outlook for Polaris from “stable” to “negative” based on expectations that S&P Global Ratings-adjusted debt to EBITDA will slightly exceed the 3x downgrade threshold in 2025.

While the company was expected to bank on free cash flow to repay debt, S&P Global said future deleveraging will partly depend on a recovery in the power sports industry and stable macroeconomic conditions.

Last year, Polaris and the broader powersports industry suffered a difficult retail environment, with total revenues declining by approximately 20 percent year-on-year. North American Powersports retail sales also saw an 8 percent drop, driven by higher interest rates and a delayed replacement cycle. The downturn is expected to persist through at least the first half of 2025.