Midsummer AB (SE:MIDS)
:MIDS
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Midsummer AB
(MIDS)
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Rating:45Neutral
Price Target:
kr1.00
▼(-26.47% Downside)
Action:ReiteratedDate:05/01/26
The score is constrained primarily by weak financial quality—large ongoing losses, persistent negative operating/free cash flow, and elevated leverage—despite clear improvement in revenue and gross margin. Technicals are supportive in the near term (price above key moving averages and positive MACD) but appear overbought, while valuation is challenged by a negative P/E and lack of dividend yield data.
Positive Factors
Revenue recovery & gross margin
A sustained revenue rebound and a jump in gross margin to ~19% indicate improving unit economics and better product mix. Over 2–6 months this suggests stronger product-market fit and the potential to leverage fixed costs as volumes grow, supporting a durable path toward margin sustainability if sales momentum continues.
Negative Factors
Large ongoing operating losses
Deep operating and net losses erode capital and limit internal reinvestment. Persistently negative margins reduce the company's ability to self-fund growth, force reliance on external financing, and make achieving durable profitability challenging unless structural cost or revenue improvements are sustained.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery & gross margin
A sustained revenue rebound and a jump in gross margin to ~19% indicate improving unit economics and better product mix. Over 2–6 months this suggests stronger product-market fit and the potential to leverage fixed costs as volumes grow, supporting a durable path toward margin sustainability if sales momentum continues.
Read all positive factors
Midsummer AB (MIDS) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr627.22M
Dividend YieldN/A
Average Volume (3M)751.28K
Price to Earnings (P/E)―
Beta (1Y)0.94
Revenue Growth215.55%
EPS Growth65.46%
CountrySE
Employees127
SectorTechnology
Sector Strength88
IndustrySolar
Share Statistics
EPS (TTM)0.03
Shares Outstanding518,362,100
10 Day Avg. Volume1,001,524
30 Day Avg. Volume751,278
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)4.16
Price to Sales (P/S)2.83
P/FCF Ratio-8.20
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)0.04
Revenue Forecast (FY)kr308.00M
Midsummer AB Business Overview & Revenue Model
Company Description
Midsummer AB (MIDS) is a Swedish company specializing in the design and production of innovative solar energy solutions, particularly lightweight and flexible solar panels. Operating primarily in the renewable energy sector, MIDS focuses on provid...
How the Company Makes Money
Midsummer makes money primarily by selling thin-film solar products and by monetizing its proprietary manufacturing technology.
Key revenue streams include:
- Sale of solar panels/modules: Revenue from selling Midsummer-branded lightweight, flexi...
Midsummer AB Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
38
Negative
Cash Flow
29
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 164.34M | 52.08M | 49.63M | 53.38M | 94.41M |
| Gross Profit | 30.96M | 2.38M | 33.77M | -18.11M | 27.30M |
| EBITDA | -85.07M | -96.58M | -128.28M | -34.94M | -70.83M |
| Net Income | -74.44M | -129.45M | -222.21M | -87.83M | -129.51M |
Balance Sheet | |||||
| Total Assets | 412.66M | 418.06M | 517.56M | 469.42M | 491.24M |
| Cash, Cash Equivalents and Short-Term Investments | 29.33M | 8.46M | 20.52M | 2.39M | 159.16M |
| Total Debt | 235.11M | 247.85M | 236.51M | 249.92M | 212.46M |
| Total Liabilities | 300.64M | 342.78M | 322.90M | 285.94M | 238.28M |
| Stockholders Equity | 112.02M | 75.29M | 194.65M | 183.48M | 252.96M |
Cash Flow | |||||
| Free Cash Flow | -56.78M | -70.77M | -130.64M | -171.17M | -178.74M |
| Operating Cash Flow | -36.32M | -8.20M | -71.06M | -101.37M | -63.39M |
| Investing Cash Flow | -40.25M | -62.57M | -63.90M | -69.80M | -115.35M |
| Financing Cash Flow | 99.81M | 58.73M | 148.45M | 13.47M | 118.97M |
Midsummer AB Technical Analysis
Neutral
1.36
Price Trends
0.91
Positive
1.19
Negative
1.74
Negative
Market Momentum
0.02
Negative
54.55
Neutral
56.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:MIDS, the sentiment is Neutral. The current price of 1.36 is above the 20-day moving average (MA) of 0.88, above the 50-day MA of 0.91, and below the 200-day MA of 1.74, indicating a neutral trend. The MACD of 0.02 indicates Negative momentum. The RSI at 54.55 is Neutral, neither overbought nor oversold. The STOCH value of 56.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:MIDS.
Midsummer AB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | kr1.12B | 52.29 | 22.29% | 0.48% | -1.90% | -74.32% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | kr11.23B | -5.98 | -16.62% | ― | 24.73% | -33.78% | |
49 Neutral | kr436.52M | -0.10 | -96.77% | ― | -26.25% | -15.67% | |
45 Neutral | kr627.22M | -6.25 | -63.70% | ― | 215.55% | 65.46% | |
44 Neutral | kr1.48B | -0.62 | ― | ― | -5.06% | -718.26% |
* Technology Sector Average
SE:MIDS
Midsummer AB
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Midsummer AB Corporate Events
Midsummer Calls 2026 AGM, Proposes No Dividend and Confirms Directed Share Issue
Apr 17, 2026
Midsummer AB has called its annual general meeting for May 20, 2026, at the company’s offices in Järfälla, Sweden, setting out participation requirements for shareholders, including registration with Euroclear Sweden and procedures...
Midsummer Raises SEK 258 Million and Expands Share Capital to Fund Colombian Solar Factory Order
Feb 6, 2026
Midsummer AB has completed a directed share issue to the guarantors of its recent rights issue, with guarantors opting to receive approximately SEK 6.2 million of their compensation in shares, of which about SEK 2.7 million in share-based remunera...
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.