ATON Green Storage S.p.A. (ATON) AI Stock Analysis

• Market Cap: €11.70M
• Dividend Yield: N/A
• Average Volume (3M): 8.03K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.70
• Revenue Growth: -69.77%
• EPS Growth: -2401.69%
• Country: US
• Employees: 47
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): -0.50
• Shares Outstanding: 7,500,000
• 10 Day Avg. Volume: 10,350
• 30 Day Avg. Volume: 8,033
• PEG Ratio: 0.01
• Price to Book (P/B): 0.83
• Price to Sales (P/S): 1.17
• P/FCF Ratio: -3.63
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: €1.50 ▲(10.29% Upside)

The score is primarily held down by weak financial performance—declining revenues, losses, and persistently negative free cash flow—despite a moderate liquidity cushion. Technicals are mixed (short-term strength but longer-term downtrend), and valuation offers limited support due to the company being loss-making and lacking a dividend yield.

Positive Factors

Structural industry tailwinds

The renewable energy transition creates durable demand for grid-scale and distributed storage. ATON's focus on energy storage positions it to benefit from secular growth in electrification and renewables adoption, expanding its addressable market and long-term project pipeline over months.

Diversified revenue streams

ATON's mix of product sales, installation, maintenance and performance contracts creates recurring and service-based income that can smooth project-driven volatility. This diversification supports steadier cash inflows and customer ties, enhancing resilience over a 2–6 month horizon.

Meaningful cash buffer

Despite operational pressures, a sizable cash balance gives ATON runway to execute deliveries, invest in critical R&D, or restructure operations. This liquidity reduces immediate refinancing urgency and supports short-to-medium term continuity while operational fixes are pursued.

Negative Factors

Sharp revenue decline

A steep fall in revenue (nearly 70% YoY on the period) erodes scale economics and undermines margin recovery. Loss of sales traction limits ability to cover fixed costs, fund product development, and maintain customer relationships, increasing execution risk unless top line stabilizes.

Persistently negative free cash flow

Ongoing negative free cash flow means operations don't self-fund capex or working capital needs. Reliance on external financing elevates refinancing, interest and dilution risks and constrains the firm's ability to invest in scale-up or margin-improvement initiatives over the medium term.

Elevated leverage and falling equity ratio

Relatively high debt levels and a declining equity base reduce financial flexibility and increase interest burden. Elevated leverage magnifies downside from further revenue shocks, limits capacity to finance projects on attractive terms, and raises solvency risk in stressed scenarios.

ATON Green Storage S.p.A. Business Overview & Revenue Model

Company Description

ATON Green Storage S.p.A. manufactures and sells storage systems for photovoltaic systems and battery energy storage system. It offers RA.Store-K, a storage system for home environment; RA.Store-3 a photovoltaic accumulator with three-phase hybrid inverter; G.Store and H.Store for wall installation; Zon.E, a storage system that operates in the presence and absence of a photovoltaic system; Z.Store, a storage system for home environment; and Axis.T, a wall-box for charging electric vehicles. The company was incorporated in 2014 and is headquartered in Spilamberto, Italy.

How the Company Makes Money

ATON generates revenue through multiple channels, primarily by selling its proprietary energy storage systems to various market segments, including utility companies, businesses, and homeowners. The company also earns income through installation services, maintenance contracts, and performance-based service agreements that ensure optimal operation of their systems. Additionally, ATON may engage in partnerships with renewable energy firms and utility providers, allowing for joint ventures in larger projects and expanding their market reach. The growing demand for renewable energy solutions and energy storage infrastructure further contributes to ATON's revenue growth.

ATON Green Storage S.p.A. Financial Statement Overview

Summary

Weak fundamentals overall: income statement shows sharp revenue decline and a return to losses with negative EBIT/EBITDA margins; cash flow is particularly concerning with consistently negative free cash flow and reliance on financing; balance sheet is only moderate with relatively high leverage partly offset by a meaningful cash buffer.

Income Statement

ATON Green Storage S.p.A. has experienced significant volatility in its revenue and profitability. The revenue sharply declined from 2022 to 2024, indicating instability in sales. The company reported negative net income in 2024, reflecting challenges in managing costs amidst declining revenues. The negative EBIT and EBITDA margins in 2024 further highlight operational inefficiencies.

Balance Sheet

The balance sheet shows a moderate financial position. The debt-to-equity ratio is relatively high, indicating significant leverage which could be risky. However, the company maintains a substantial amount of cash and equivalents, providing some liquidity cushion. The equity ratio has decreased over time, reflecting a potential risk of increased liabilities relative to equity.

Cash Flow

Cash flow analysis reveals concerns, with consistently negative free cash flow indicating challenges in generating cash from operations to cover capital expenditures. The operating cash flow to net income ratio is unfavorable, suggesting difficulties in converting income into cash. The reliance on financing activities to sustain operations is evident.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	8.44M	13.64M	41.86M	50.68M	22.78M	7.89M
Gross Profit	-5.81M	4.72M	14.17M	19.38M	8.20M	1.55M
EBITDA	-5.25M	-2.59M	8.09M	11.40M	4.68M	-85.75K
Net Income	-7.77M	-5.97M	3.74M	7.16M	2.48M	-963.00K
Balance Sheet
Total Assets	51.31M	61.75M	66.32M	47.66M	24.25M	10.31M
Cash, Cash Equivalents and Short-Term Investments	10.76M	16.06M	15.31M	6.86M	863.99K	6.67K
Total Debt	31.12M	36.84M	31.46M	19.19M	4.14M	5.88M
Total Liabilities	35.89M	42.55M	41.13M	26.05M	9.94M	8.49M
Stockholders Equity	15.43M	19.21M	25.19M	21.61M	14.31M	1.82M
Cash Flow
Free Cash Flow	2.79M	-4.38M	-3.89M	-9.08M	-6.31M	1.38M
Operating Cash Flow	3.16M	-2.89M	-1.35M	-7.95M	-3.92M	2.24M
Investing Cash Flow	-5.87M	-5.02M	-9.97M	-1.10M	-2.36M	-839.00K
Financing Cash Flow	-585.38K	5.38M	12.27M	15.05M	7.70M	-1.40M

ATON Green Storage S.p.A. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.36
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:ATON, the sentiment is Positive. The current price of 1.36 is below the 20-day moving average (MA) of 1.62, below the 50-day MA of 1.63, and below the 200-day MA of 1.94, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 50.70 is Neutral, neither overbought nor oversold. The STOCH value of 18.63 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:ATON.

ATON Green Storage S.p.A. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
SIT	52 Neutral	€66.20M	-2.89	―	―	―	―
ATON	45 Neutral	€11.70M	-1.58	-40.09%	―	-69.77%	-2401.69%