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Midsummer AB ( (SE:MIDS) ) has provided an announcement.
Midsummer has completed its factory in Bari, Italy, for the production of thin film solar cells, receiving a final grant payment of EUR 1.63 million from Invitalia. This marks a significant milestone as the factory is now certified and ready for mass production, positioning Midsummer as a key player in the European solar energy market. The company has secured a total of EUR 22 million in grants for this project and additional funding for research and development, indicating strong support and growth potential in the solar energy sector.
More about Midsummer AB
Midsummer is a Swedish solar energy company that specializes in developing, manufacturing, and selling solar cells, particularly focusing on flexible thin film solar cells using CIGS technology. The company caters to construction, roofing, and solar cell installation companies, and also directly installs solar roofs for end customers. Midsummer’s products are known for being thin, light, and environmentally friendly, with a minimal carbon footprint. The company also provides equipment for producing these solar cells and is a leader in the flexible CIGS solar cell manufacturing sector.
YTD Price Performance: -30.80%
Average Trading Volume: 1,035,218
Current Market Cap: SEK344.1M
See more data about MIDS stock on TipRanks’ Stock Analysis page.