Soltec Power Holdings SA (ES:SOL)
BME:SOL
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Soltec Power Holdings SA
(BME:SOL)
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Rating:41Neutral
Price Target:
€0.86
▼(-51.14% Downside)
Action:Upgraded
Date:04/18/26
The score is driven primarily by weak financial performance: sharp revenue contraction, deeply negative operating profitability, persistent negative free cash flow, and a balance sheet with negative equity. Technical indicators also lean bearish with the stock below key longer-term moving averages and negative MACD. Valuation provides limited support because the negative P/E makes profitability-based valuation difficult and no dividend yield is available.
Positive Factors
Market position — utility‑scale tracker specialist
Focused specialization in utility‑scale solar trackers is a durable structural strength: tracking systems remain a sought component to boost plant yields, and being a dedicated supplier positions Soltec to capture multi‑year project pipelines, engineering contracts, and economies of scale across large PV installations.
Negative Factors
Severe revenue contraction
A ~58% revenue decline signals structural demand loss or project timing slippage that erodes scale benefits and fixed‑cost absorption. Sustained top‑line weakness reduces bargaining power with suppliers and customers, prolongs margin recovery, and increases refinancing risk if volumes do not rebound within the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Market position — utility‑scale tracker specialist
Focused specialization in utility‑scale solar trackers is a durable structural strength: tracking systems remain a sought component to boost plant yields, and being a dedicated supplier positions Soltec to capture multi‑year project pipelines, engineering contracts, and economies of scale across large PV installations.
Read all positive factors
Soltec Power Holdings SA (SOL) vs. iShares MSCI Spain ETF (EWP)
Market Cap
€413.13M
Dividend YieldN/A
Average Volume (3M)0.00
Price to Earnings (P/E)6.8
Beta (1Y)-0.19
Revenue Growth-78.63%
EPS Growth92.79%
CountryES
Employees1,434
SectorTechnology
Sector Strength88
IndustrySolar
Share Statistics
EPS (TTM)N/A
Shares Outstanding456,933,600
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio-0.08
Price to Book (P/B)-3.43
Price to Sales (P/S)1.51
P/FCF Ratio-69.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Soltec Power Holdings SA Business Overview & Revenue Model
Company Description
Soltec Power Holdings, S.A. engages in the development of integrated solutions for photovoltaic energy projects in Spain, Italy, Brazil, the United States, Mexico, Argentina, Chile, Colombia, Panama, Peru, Australia, China, India, Thailand, Greece...
How the Company Makes Money
Soltec primarily generates revenue by selling and delivering solar tracking systems (hardware) used in utility-scale photovoltaic projects. A typical revenue cycle includes contracting with project developers, engineering/procurement/construction ...
Soltec Power Holdings SA Financial Statement Overview
Summary
Income Statement
26
Negative
Balance Sheet
18
Very Negative
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 69.73M | 326.32M | 407.14M | 568.20M | 346.51M |
| Gross Profit | -5.05M | 93.42M | 168.53M | 239.39M | 127.06M |
| EBITDA | -31.59M | -57.52M | -4.63M | 35.64M | 4.74M |
| Net Income | 12.71M | -205.79M | -23.38M | 13.09M | -1.17M |
Balance Sheet | |||||
| Total Assets | 333.30M | 463.58M | 733.79M | 555.81M | 476.95M |
| Cash, Cash Equivalents and Short-Term Investments | 49.66M | 10.71M | 38.56M | 29.15M | 43.55M |
| Total Debt | 133.07M | 207.24M | 249.30M | 163.65M | 110.72M |
| Total Liabilities | 364.17M | 541.21M | 589.94M | 393.14M | 329.97M |
| Stockholders Equity | -30.73M | -77.56M | 143.93M | 162.71M | 147.03M |
Cash Flow | |||||
| Free Cash Flow | -1.52M | -2.86M | -27.42M | -59.73M | -78.41M |
| Operating Cash Flow | 1.50M | 3.57M | -5.20M | 20.73M | 17.12M |
| Investing Cash Flow | 18.31M | -13.58M | -32.19M | -99.16M | -101.20M |
| Financing Cash Flow | 5.59M | 2.54M | 60.93M | 64.02M | -5.89M |
Soltec Power Holdings SA Peers Comparison
UnderperformOutperform
Sector (61)
ES:SOL
Soltec Power Holdings SA
0.91
-0.84
-48.23%
ES:DOM
Global Dominion Access SA
3.18
0.20
6.69%
ES:UMB
Umbrella Solar Investment SA
3.20
-0.77
-19.35%
ES:ATSI
Aplicaciones y Tratamiento de Sistemas, S.A.
4.26
0.65
18.01%
ES:RSS
REVENGA INGENIEROS, S.A.
0.75
-0.30
-28.57%
ES:HBX
Hbx Group International Plc
7.17
-2.80
-28.06%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.