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Midsummer AB ( (SE:MIDS) ) has issued an update.
Midsummer AB has initiated discussions with Saab to expand production capacity for a solar cell factory in Colombia, as part of Saab’s offset commitment related to its Gripen sale to the country. This collaboration, which includes a Memorandum of Understanding signed in November 2024, aims to establish a factory for thin-film solar cells, leveraging Midsummer’s proprietary technology. The project underscores Midsummer’s scalable production capabilities and aligns with Colombia’s renewable energy goals, potentially enhancing Midsummer’s market presence in the region.
The most recent analyst rating on (SE:MIDS) stock is a Hold with a SEK2.00 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 is a Swedish solar energy company that specializes in developing, manufacturing, and selling solar cells and solar roofs. The company focuses on flexible thin-film solar cells using CIGS technology, which are lightweight and have a minimal carbon footprint. Midsummer’s products cater to construction, roofing, and solar cell installation companies, and it also sells production equipment to strategic partners. The company is publicly traded on Nasdaq First North Growth Market.
YTD Price Performance: 54.68%
Average Trading Volume: 769,912
Technical Sentiment Signal: Buy
Current Market Cap: SEK769.2M
See more insights into MIDS stock on TipRanks’ Stock Analysis page.