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Midsummer AB
(MIDS)
Midsummer AB (MIDS) vs. iShares MSCI Sweden ETF (EWD)
Midsummer AB Business Overview & Revenue Model
Midsummer AB Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 117.11M | 52.08M | 49.63M | 53.38M | 94.41M | 71.95M |
| Gross Profit | 18.70M | 2.38M | 33.77M | -18.11M | 27.30M | 54.32M |
| EBITDA | -76.62M | -96.58M | -128.28M | -34.94M | -70.83M | -49.17M |
| Net Income | -110.33M | -129.45M | -222.21M | -87.83M | -129.51M | -116.35M |
Balance Sheet | ||||||
| Total Assets | 423.20M | 418.06M | 517.56M | 469.42M | 491.24M | 520.39M |
| Cash, Cash Equivalents and Short-Term Investments | 24.20M | 8.46M | 20.52M | 2.39M | 159.16M | 217.61M |
| Total Debt | 194.50M | 247.85M | 236.51M | 249.92M | 212.46M | 215.63M |
| Total Liabilities | 313.58M | 342.78M | 322.90M | 285.94M | 238.28M | 264.46M |
| Stockholders Equity | 109.62M | 75.29M | 194.65M | 183.48M | 252.96M | 255.93M |
Cash Flow | ||||||
| Free Cash Flow | -116.16M | -70.77M | -130.64M | -171.17M | -178.74M | -132.69M |
| Operating Cash Flow | -78.13M | -8.20M | -71.06M | -101.37M | -63.39M | -79.69M |
| Investing Cash Flow | -28.43M | -62.57M | -63.90M | -69.80M | -115.35M | -53.00M |
| Financing Cash Flow | 92.07M | 58.73M | 148.45M | 13.47M | 118.97M | 238.59M |
Midsummer AB Technical Analysis
Midsummer AB Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
55 Neutral | kr697.62M | 42.10 | 22.29% | 0.48% | 27.82% | 305.33% | |
46 Neutral | kr951.25M | -6.83 | -11.60% | ― | 24.53% | 35.12% | |
44 Neutral | kr1.38B | -0.74 | ― | ― | 1.74% | -5214.06% | |
43 Neutral | kr117.07M | -0.11 | -46.09% | ― | -24.54% | -102.75% | |
40 Underperform | kr440.67M | -2.38 | -105.89% | ― | 87.43% | 64.20% |
Midsummer AB Corporate Events
Midsummer AB has finalized the terms of its previously announced bondholder settlement tied to its completed rights issue, confirming that SEK 79,636,764 of its bond loan, including additional accrued interest through 27 January 2026, will be converted into 57,707,800 new shares at a subscription price of SEK 1.38 per share. Each bond held on the 23 January 2026 record date will entitle the holder to 288,539 shares, a conversion approved by the board under an extraordinary general meeting mandate, which materially reduces the company’s debt load and strengthens its equity base, with implications for existing shareholders’ dilution and the overall capital structure as Midsummer pursues its solar energy growth strategy.
The most recent analyst rating on (SE:MIDS) stock is a Hold with a SEK1.00 price target. To see the full list of analyst forecasts on Midsummer AB stock, see the SE:MIDS Stock Forecast page.
Midsummer AB has completed a rights issue in which approximately 60.3 percent of the offer was subscribed, including 52.7 percent with subscription rights and 7.6 percent without, with the remaining 39.7 percent covered by guarantee commitments. The transaction will raise about SEK 175 million before costs, increasing the company’s share capital from SEK 13.5 million to SEK 18.6 million and the number of shares from roughly 337.4 million to 463.9 million, resulting in dilution of around 27 percent for non-participating shareholders and reinforcing Midsummer’s capital base as it continues to develop and commercialize its thin-film solar technology.
The most recent analyst rating on (SE:MIDS) stock is a Hold with a SEK1.00 price target. To see the full list of analyst forecasts on Midsummer AB stock, see the SE:MIDS Stock Forecast page.
Midsummer AB has executed directed share issues linked to its recently completed rights issue, offering guarantors the option to receive up to approximately SEK 20.5 million in guarantee compensation in newly issued shares instead of cash, with pricing based on the volume-weighted average share price ahead of January 22, 2026. In parallel, the company has issued about SEK 3 million of new shares to former financial advisor G&W Fondkommission at a slight premium to market, a transaction that results in roughly 0.4 percent shareholder dilution and includes a lock-up on most of the new shares. The board justifies deviating from existing shareholders’ preferential rights on the grounds that settling guarantee fees in shares and raising additional equity from G&W preserves and strengthens Midsummer’s working capital, allowing a greater portion of its resources to be deployed into its operations as previously communicated around the rights issue.
The most recent analyst rating on (SE:MIDS) stock is a Hold with a SEK1.50 price target. To see the full list of analyst forecasts on Midsummer AB stock, see the SE:MIDS Stock Forecast page.
Midsummer AB has announced the preliminary outcome of its fully secured rights issue of approximately SEK 175 million, with 59.9 percent of the offer subscribed by shareholders with and without subscription rights and the remaining 40.1 percent covered by guarantee commitments. The capital raise will increase the company’s share capital from SEK 13.49 million to SEK 18.55 million and expand the number of shares from 337.4 million to 463.9 million, implying a dilution of about 27 percent for non-participating shareholders, and the new shares are expected to begin trading on Nasdaq First North Premier Growth Market in early February 2026.
The most recent analyst rating on (SE:MIDS) stock is a Hold with a SEK1.50 price target. To see the full list of analyst forecasts on Midsummer AB stock, see the SE:MIDS Stock Forecast page.
Midsummer AB has published an information document in connection with a previously resolved and shareholder-approved rights issue of approximately SEK 175 million, which has been registered with the Swedish Financial Supervisory Authority and made available on the company’s website. The transaction, coordinated by SB1 Markets with guarantee commitments arranged together with Corpura Fondkommission and legal advice from Advokatfirman Lindahl and Gernandt & Danielsson, follows a defined timetable in January 2026 for trading in subscription rights and BTAs and is expected to support Midsummer’s capital needs as it pursues its growth strategy in thin-film solar technology and manufacturing.
The most recent analyst rating on (SE:MIDS) stock is a Sell with a SEK1.50 price target. To see the full list of analyst forecasts on Midsummer AB stock, see the SE:MIDS Stock Forecast page.
At an extraordinary general meeting on 23 December 2025, Midsummer’s shareholders approved a sizeable preferential rights issue of up to 126.5 million new shares at SEK 1.38 each, giving existing investors the opportunity to participate in a capital raise that could materially strengthen the company’s balance sheet. The meeting also sanctioned a directed share issue of up to 57.4 million shares to bondholders as part of a bond settlement, effectively converting debt into equity at the same price, and granted the board a mandate to issue additional shares of up to 10 percent of the current share capital before the next annual meeting, increasing the company’s financial flexibility but also signalling potential dilution as it seeks funding to support its solar energy growth strategy.
The most recent analyst rating on (SE:MIDS) stock is a Sell with a SEK1.50 price target. To see the full list of analyst forecasts on Midsummer AB stock, see the SE:MIDS Stock Forecast page.
Midsummer AB has announced an extraordinary general meeting scheduled for December 23, 2025, to discuss several proposals including a rights issue of shares. The meeting will address resolutions that could impact the company’s share capital and shareholder structure, potentially affecting its financial strategy and market positioning.
The most recent analyst rating on (SE:MIDS) stock is a Hold with a SEK2.50 price target. To see the full list of analyst forecasts on Midsummer AB stock, see the SE:MIDS Stock Forecast page.
Midsummer has announced its role in supplying production equipment for a solar plant in Colombia, which is part of Saab’s offset commitment related to the Gripen jet fighter sale. This facility will serve as a production hub for the Latin American market, with an initial order of 15 MW capacity equipment from Saab, gradually expanding to at least 100 MW. This strategic move positions Midsummer to enhance its footprint in the Latin American solar market, potentially increasing its influence and market share in the region.
The most recent analyst rating on (SE:MIDS) stock is a Hold with a SEK2.50 price target. To see the full list of analyst forecasts on Midsummer AB stock, see the SE:MIDS Stock Forecast page.
Midsummer AB has announced a fully guaranteed rights issue of approximately SEK 175 million and reached an agreement on debt conversion to strengthen its financial position. This move is aimed at capitalizing on strong market demand and expanding its operations, particularly in Colombia, where the company plans to deliver production equipment for a solar cell factory with a capacity of 100 MW to 200 MW. The expansion in Colombia is part of a collaboration with Saab and represents a significant increase from a previous order, positioning Midsummer for growth and profitability.
The most recent analyst rating on (SE:MIDS) stock is a Hold with a SEK2.50 price target. To see the full list of analyst forecasts on Midsummer AB stock, see the SE:MIDS Stock Forecast page.
Midsummer AB has established a subsidiary in Colombia to tap into the growing Latin American market for solar energy. The new subsidiary, Midsummer Colombia SAS, will focus on sales and business development in the region, leveraging Colombia’s high electricity prices, solar radiation, and incentives for renewable energy. The company’s lightweight solar panels are particularly suited for the region’s weak roofs, with a market potential of over 21 GW in Colombia alone. The expansion is expected to enhance Midsummer’s market positioning and drive future growth, with several installations already confirmed and a promising pipeline for 2026.
The most recent analyst rating on (SE:MIDS) stock is a Hold with a SEK2.50 price target. To see the full list of analyst forecasts on Midsummer AB stock, see the SE:MIDS Stock Forecast page.
Midsummer AB has initiated discussions with Saab to expand production capacity for a solar cell factory in Colombia, as part of Saab’s offset commitment related to its Gripen sale to the country. This collaboration, which includes a Memorandum of Understanding signed in November 2024, aims to establish a factory for thin-film solar cells, leveraging Midsummer’s proprietary technology. The project underscores Midsummer’s scalable production capabilities and aligns with Colombia’s renewable energy goals, potentially enhancing Midsummer’s market presence in the region.
The most recent analyst rating on (SE:MIDS) stock is a Hold with a SEK2.00 price target. To see the full list of analyst forecasts on Midsummer AB stock, see the SE:MIDS Stock Forecast page.