Orron Energy (ORRON) AI Stock Analysis

• Market Cap: kr2.03B
• Dividend Yield: N/A
• Average Volume (3M): 408.34K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.06
• Revenue Growth: -3.20%
• EPS Growth: -2418.83%
• Country: SE
• Employees: 53
• Sector: General
• Sector Strength: N/A
• Industry: Renewable Utilities
• EPS (TTM): -0.15
• Shares Outstanding: 285,905,180
• 10 Day Avg. Volume: 349,805
• 30 Day Avg. Volume: 408,342
• PEG Ratio: -0.03
• Price to Book (P/B): 0.38
• Price to Sales (P/S): 4.12
• P/FCF Ratio: 0.00
• 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): -0.04
• Revenue Forecast (FY): kr35.15M

• Rating: 49 Neutral
• Price Target: kr6.50 ▲(35.98% Upside)
• Action: Reiterated Date: 02/19/26
• Date: Action: Reiterated 02/19/26

The score is held back primarily by weak financial performance—losses, negative gross profit, and deteriorating operating cash flow—despite a balance sheet with moderate leverage. Technicals are a relative positive with the stock above major moving averages and a positive MACD, but valuation signals remain unfavorable due to negative earnings.

Positive Factors

Diversified revenue streams

Orron’s multi‑stream business model — PPA-backed power sales plus consulting and installation services — creates diversified, recurring revenue sources. That mix reduces dependence on single projects, supports cross‑selling, and improves resilience versus pure‑merchant asset players over months.

Moderate leverage and equity base

A modest debt load and sizeable equity base provide financial flexibility for project financing and capital spending without immediate heavy interest burdens. This structural balance sheet positioning helps sustain investment in buildout and negotiating PPAs over the medium term.

Top-line rebound in 2025

A material revenue recovery in 2025 signals renewed project activity or higher utilization of assets. For a renewables developer/operator, rising revenues indicate growing contracted output or installations, which supports longer‑term scale economics and the potential to leverage fixed cost absorption.

Negative Factors

Negative gross profit and widening operating losses

Negative gross profit and expanding operating losses indicate the core projects or services are currently unprofitable on a unit basis. Unless structural cost reductions or pricing improvements occur, this undermines sustainable margins, erodes reinvestment capacity, and threatens long‑term viability.

Weak cash generation and deteriorating FCF

Persistent negative operating cash flow and collapsing free cash flow create funding pressure for capital projects and working capital. Over several months this raises refinancing and dilution risk, constrains growth investment, and limits the company’s ability to self‑fund new renewable assets.

Volatile profitability and historical balance-sheet stress

Repeated swings from prior profits to multi‑year losses and past negative equity reflect structural execution or capital allocation weaknesses. Such historical instability increases long‑term operational and funding risk, making consistent recovery and external financing more difficult.

Orron Energy Business Overview & Revenue Model

Company Description

Orrön Energy AB (publ) operates as an independent renewable energy company. It has wind and hydro assets in the Nordics, a wind farm in Finland, a hydropower plant in Norway, and a Karskruv wind farm in southern Sweden. The company was formerly known as Lundin Energy AB (publ) and changed its name to Orrön Energy AB (publ) in July 2022. Orrön Energy AB (publ) was founded in 2001 and is based in Stockholm, Sweden.

How the Company Makes Money

Orron Energy generates revenue through multiple key streams. Primarily, the company earns income from the sale of electricity generated from its solar and wind farms, which are often backed by long-term power purchase agreements (PPAs) with utility companies and large corporations. Additionally, Orron Energy offers consulting services that help businesses transition to renewable energy, providing another significant revenue source. The company also engages in the installation of renewable energy systems, charging for both the products and the labor involved. Strategic partnerships with technology providers and government incentives for renewable energy projects further enhance its profitability, allowing it to reduce costs and increase project funding.

Orron Energy Financial Statement Overview

Summary

Revenue rebounded in 2025, but profitability deteriorated sharply (negative gross profit and wider operating losses) and results have been volatile across years. Cash generation also weakened, with operating cash flow turning negative in 2024–2025 and free cash flow deteriorating, raising funding risk despite currently moderate leverage.

Income Statement

Revenue rebounded in 2025 (annual revenue up ~30% vs. 2024), but profitability deteriorated sharply: gross profit turned negative in 2025 and operating losses widened, with a very weak net margin. Results have also been volatile over time (strong profits in 2021–2022 followed by sizable losses in 2023–2025), which lowers confidence in earnings quality and sustainability.

Balance Sheet

Leverage is moderate in the most recent years, with debt-to-equity around ~0.25–0.33 in 2023–2025 and a sizeable equity base. However, returns on equity have been consistently negative in 2023–2025, and earlier periods showed stressed equity (negative equity in 2020–2021), highlighting historical balance-sheet instability and ongoing profitability pressure.

Cash Flow

Cash generation has weakened meaningfully: operating cash flow was positive in 2022–2023 but turned negative again in 2024–2025, signaling that recent losses are also consuming cash. Free cash flow was strong in 2022–2023, then deteriorated to negative in 2024 and effectively zero in 2025, increasing funding risk if the company needs to sustain investment while operating cash flow remains negative.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	34.61M	25.70M	28.00M	14.50M	0.00
Gross Profit	-5.51M	25.70M	14.09M	10.75M	0.00
EBITDA	-6.71M	1.50M	-2.40M	5.00M	-12.20M
Net Income	-31.50M	-13.40M	-8.00M	28.90M	493.80M
Balance Sheet
Total Assets	534.43M	448.20M	500.70M	480.40M	7.91B
Cash, Cash Equivalents and Short-Term Investments	27.53M	32.10M	27.50M	31.40M	130.00M
Total Debt	124.65M	84.20M	115.50M	30.80M	0.00
Total Liabilities	152.06M	108.80M	147.30M	96.80M	9.33B
Stockholders Equity	379.68M	336.70M	350.70M	374.70M	-1.42B
Cash Flow
Free Cash Flow	0.00	-6.30M	15.40M	1.40B	1.73B
Operating Cash Flow	-12.10M	-6.30M	15.50M	1.70B	3.06B
Investing Cash Flow	-16.41M	32.60M	-79.10M	-458.60M	-1.41B
Financing Cash Flow	25.75M	-30.10M	57.70M	-831.70M	-1.30B

Orron Energy Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.78
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:ORRON, the sentiment is Positive. The current price of 4.78 is below the 20-day moving average (MA) of 6.45, below the 50-day MA of 5.60, and below the 200-day MA of 4.91, indicating a bullish trend. The MACD of 0.44 indicates Negative momentum. The RSI at 66.63 is Neutral, neither overbought nor oversold. The STOCH value of 76.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:ORRON.

Orron Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55 Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
MAHA.A	50 Neutral	kr2.04B	-8.50	0.66%	―	-22.91%	88.74%
ORRON	49 Neutral	kr2.03B	-7.02	-9.16%	―	-3.20%	-2418.83%
MINEST	42 Neutral	kr162.31M	-3.61	-5.97%	―	-100.00%	31.68%