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Solid State ( (GB:SOLI) ) has issued an update.
Solid State plc reported a robust half-year performance with revenues and adjusted profits before tax exceeding expectations, driven by strong defense and security sales. Despite challenges such as tariff uncertainties in the USA and a weaker industrial sector, the company achieved significant growth through strategic diversification and enhanced customer relationships, particularly with Tier 1 clients. The new integrated systems facility has bolstered technical capabilities, and the company secured a significant contract with the UK Ministry of Defence. The Power division’s strategic shift towards higher-value activities has resulted in key orders from Tier 1 customers in robotics, drone, and naval sonar buoy sectors. With a solid open order book and positive order intake, Solid State is confident in meeting full-year expectations despite global geopolitical and economic challenges.
The most recent analyst rating on (GB:SOLI) stock is a Hold with a £164.00 price target. To see the full list of analyst forecasts on Solid State stock, see the GB:SOLI Stock Forecast page.
Spark’s Take on GB:SOLI Stock
According to Spark, TipRanks’ AI Analyst, GB:SOLI is a Neutral.
Solid State’s overall stock score reflects significant challenges in financial performance and valuation. The company’s declining profitability and high P/E ratio are major concerns. Technical analysis indicates bearish momentum, further impacting the score. The stable balance sheet provides some support, but improvements in profitability and valuation are needed to enhance the stock’s attractiveness.
To see Spark’s full report on GB:SOLI stock, click here.
More about Solid State
Solid State plc is a leading value-added electronics group that supplies industrial and defense markets with durable components, assemblies, and manufactured systems for critical applications, particularly in harsh environments. The company focuses on industrial and ruggedized computing, battery power solutions, antennas, secure radio systems, imaging technologies, and electronic components & displays. Operating through three divisions—Systems, Power, and Components—Solid State serves a wide range of industries, including defense, energy production, aerospace, environmental, oceanographic, industrial, robotics, medical, life sciences, and transportation. Headquartered in Redditch, UK, the company employs over 425 people globally and operates 13 sites, including seven production facilities in the UK and two in the USA.
Average Trading Volume: 92,008
Technical Sentiment Signal: Strong Sell
Current Market Cap: £83.84M
Find detailed analytics on SOLI stock on TipRanks’ Stock Analysis page.