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Midsummer AB ( (SE:MIDS) ) has provided an update.
Midsummer AB has announced a fully guaranteed rights issue of approximately SEK 175 million and reached an agreement on debt conversion to strengthen its financial position. This move is aimed at capitalizing on strong market demand and expanding its operations, particularly in Colombia, where the company plans to deliver production equipment for a solar cell factory with a capacity of 100 MW to 200 MW. The expansion in Colombia is part of a collaboration with Saab and represents a significant increase from a previous order, positioning Midsummer for growth and profitability.
The most recent analyst rating on (SE:MIDS) stock is a Hold with a SEK2.50 price target. To see the full list of analyst forecasts on Midsummer AB stock, see the SE:MIDS Stock Forecast page.
More about Midsummer AB
Midsummer AB is a company listed on Nasdaq First North Growth Market, operating in the renewable energy sector. It specializes in the production of solar cells and turnkey production lines, focusing on providing solutions for green energy transitions and electrification in various markets.
Average Trading Volume: 688,131
Technical Sentiment Signal: Buy
Current Market Cap: SEK809.7M
Find detailed analytics on MIDS stock on TipRanks’ Stock Analysis page.