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New Sources Energy NV
(NSE)
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Rating:46Neutral
Price Target:
€0.03
▲(13.33% Upside)
Action:Reiterated
Date:07/17/26
The score is primarily constrained by very weak financial performance (pre-revenue profile, widening losses, accelerating cash burn, and negative equity). Technicals provide a modest offset as the price is above key moving averages with neutral-to-slightly positive momentum, while valuation remains challenged due to ongoing losses and no dividend yield provided.
Positive Factors
Industry Exposure
Operating in Renewable Utilities places the company in a multi-year structural growth market tied to energy transition. That sector exposure supports longer-term demand for projects and services, improving the odds of revenue emergence once projects commercialize.
Negative Factors
Pre-revenue Profile
The company remains pre-revenue, meaning its business model has not yet produced commercial sales. Without revenues it cannot self-fund operations, relies on external financing, faces dilution risk, and has limited evidence of scalable, repeatable demand.
Read all positive and negative factors
Positive Factors
Negative Factors
Industry Exposure
Operating in Renewable Utilities places the company in a multi-year structural growth market tied to energy transition. That sector exposure supports longer-term demand for projects and services, improving the odds of revenue emergence once projects commercialize.
Read all positive factors
New Sources Energy NV (NSE) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€5.70M
Dividend YieldN/A
Average Volume (3M)144.47K
Price to Earnings (P/E)―
Beta (1Y)-0.12
Revenue GrowthN/A
EPS Growth18.39%
CountryNL
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryRenewable Utilities
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding162,730,100
10 Day Avg. Volume176,241
30 Day Avg. Volume144,466
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)-124.06
Price to Sales (P/S)0.00
P/FCF Ratio-7.70
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
New Sources Energy NV Business Overview & Revenue Model
Company Description
New Sources Energy N.V. specializes in conceiving, managing, and financially supporting initiatives dedicated to producing electricity from renewable resources. The firm rebranded in July 2011, having previously been known as Management Share NV. ...
How the Company Makes Money
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New Sources Energy NV Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
10
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -2.00K | -1.00K | 0.00 | -4.00K | 0.00 |
| EBITDA | -980.00K | -892.00K | 3.00K | -5.00K | -88.00K |
| Net Income | -988.00K | -904.00K | -418.00K | -92.00K | -88.00K |
Balance Sheet | |||||
| Total Assets | 216.00K | 509.00K | 137.00K | 111.00K | 103.00K |
| Cash, Cash Equivalents and Short-Term Investments | 64.00K | 501.00K | 25.00K | 17.00K | 2.00K |
| Total Debt | 0.00 | 91.00K | 0.00 | 79.00K | 57.00K |
| Total Liabilities | 254.00K | 309.00K | 45.00K | 216.00K | 116.00K |
| Stockholders Equity | -38.00K | 200.00K | 92.00K | -106.00K | -13.00K |
Cash Flow | |||||
| Free Cash Flow | -612.00K | -114.00K | -330.00K | -7.00K | -61.00K |
| Operating Cash Flow | -612.00K | -106.00K | -330.00K | -7.00K | -61.00K |
| Investing Cash Flow | 0.00 | -8.00K | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 175.00K | 590.00K | 338.00K | 22.00K | 58.00K |
New Sources Energy NV Peers Comparison
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.