PowerCell Sweden AB (PCELL) AI Stock Analysis

• Market Cap: $1.82B
• Dividend Yield: N/A
• Average Volume (3M): 190.56K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.16
• Revenue Growth: 33.03%
• EPS Growth: 87.01%
• Country: SE
• Employees: 146
• Sector: Industrials
• Sector Strength: 72
• Industry: Electrical Equipment & Parts
• EPS (TTM): 0.38
• Shares Outstanding: 57,892,433
• 10 Day Avg. Volume: 294,356
• 30 Day Avg. Volume: 190,560
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.77
• Enterprise Value/Revenue: 3.32
• Enterprise Value/Gross Profit: 7.41
• Enterprise Value/Ebitda: -264.29
• 1Y Price Target: $33.83
• Price Target Upside: 12.98% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 51 Neutral
• Price Target: kr34.00 ▲(13.56% Upside)

PowerCell Sweden AB's stock score is primarily influenced by its financial performance and technical analysis. While the company shows strong revenue growth and a solid equity position, significant challenges in profitability and cash flow management weigh heavily on the score. The technical analysis indicates bullish momentum, but overbought signals suggest caution. Valuation concerns due to a negative P/E ratio further impact the overall score.

Positive Factors

Negative Factors

PowerCell Sweden AB Business Overview & Revenue Model

Company Description

PowerCell Sweden AB (publ) develops and produces fuel cells and fuel cell systems for automotive, marine, and stationary applications in Sweden and internationally. It offers PowerCell S2 based solutions that comprise PowerCell MS-30, a fuel cell system for battery-operated electric vehicles; PowerCell PS-5, a fuel cell system that is used for electricity generation, as well as an auxiliary power generator for telecom, traffic, building, and household applications; and PowerCell S2 fuel cell stack. The company also offers PowerCell S3 based solutions, including Powercell MS-100 for heavy-duty use applications; PowerCell megawatt solutions for marine and stationary applications; and PowerCell S3 fuel cell stack for stationary and mobile applications. In addition, it offers engineering services and zero emission solutions. The company was founded in 2008 and is based in Gothenburg, Sweden.

How the Company Makes Money

PowerCell Sweden AB generates revenue primarily through the sale of its fuel cell systems and stacks to various sectors, including automotive, maritime, and stationary power markets. The company's revenue model is diversified, with key revenue streams coming from direct sales, long-term supply agreements, and collaborations with notable industry partners. Significant partnerships with automotive manufacturers and technology firms enhance its market reach and facilitate joint development projects, contributing to the company's earnings. Additionally, PowerCell may benefit from government incentives and subsidies for clean energy technologies, further bolstering its financial performance.

PowerCell Sweden AB Financial Statement Overview

Summary

PowerCell Sweden AB shows revenue growth and a strong equity position, but faces significant challenges in profitability and cash flow management. Negative net profit margins and cash flow inefficiencies are major concerns.

Income Statement

PowerCell Sweden AB shows a positive revenue growth trend, with a notable 17.88% increase in TTM. However, the company struggles with profitability, as indicated by negative net profit and EBIT margins. The gross profit margin is relatively healthy at 44.82% TTM, but the consistent negative net profit margin highlights ongoing challenges in achieving profitability.

Balance Sheet

The balance sheet reflects a strong equity position with a low debt-to-equity ratio of 0.05 TTM, indicating financial stability. However, the negative return on equity suggests inefficiencies in generating returns from equity investments. The equity ratio of 73.63% TTM underscores a solid capital structure, but profitability remains a concern.

Cash Flow

Cash flow analysis reveals significant challenges, with negative operating and free cash flows. The free cash flow to net income ratio of 1.54 TTM indicates some ability to cover net income, but the negative free cash flow growth rate of -33.63% TTM highlights cash flow management issues. The operating cash flow to net income ratio is also negative, reflecting cash flow inefficiencies.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	420.02M	334.28M	310.29M	244.69M	159.76M	103.53M
Gross Profit	188.26M	116.17M	124.01M	113.02M	49.03M	25.78M
EBITDA	-5.28M	-22.06M	-27.23M	-22.95M	-44.04M	-51.13M
Net Income	-6.86M	-47.28M	-62.96M	-58.17M	-75.08M	-116.62M
Balance Sheet
Total Assets	574.21M	662.44M	425.11M	473.95M	521.33M	564.69M
Cash, Cash Equivalents and Short-Term Investments	72.29M	218.92M	70.81M	196.86M	332.51M	416.85M
Total Debt	22.50M	73.82M	28.14M	31.46M	37.22M	72.40M
Total Liabilities	151.40M	248.74M	149.68M	141.07M	137.88M	107.13M
Stockholders Equity	422.81M	413.70M	275.43M	332.87M	383.45M	457.56M
Cash Flow
Free Cash Flow	-121.96M	-65.27M	-124.17M	-138.31M	-84.23M	-14.36M
Operating Cash Flow	-79.05M	-18.57M	-95.69M	-120.51M	-66.34M	-3.86M
Investing Cash Flow	-57.40M	-46.54M	-28.17M	-24.39M	-17.92M	-10.79M
Financing Cash Flow	124.67M	224.69M	-8.78M	-8.46M	-7.52M	2.54M

PowerCell Sweden AB Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 29.94
• 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:PCELL, the sentiment is Neutral. The current price of 29.94 is below the 20-day moving average (MA) of 30.03, above the 50-day MA of 29.85, and above the 200-day MA of 29.09, indicating a neutral trend. The MACD of 0.90 indicates Negative momentum. The RSI at 48.69 is Neutral, neither overbought nor oversold. The STOCH value of 35.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:PCELL.

PowerCell Sweden AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PCELL	51 Neutral	$1.82B	―	-1.36%	―	33.03%	87.01%
BRILL	51 Neutral	kr68.96M	-14.93	―	―	-2.99%	44.12%
LEVEL	47 Neutral	kr122.75M	-10.94	-3.03%	―	-3.99%	33.17%
SALT.B	47 Neutral	kr1.53B	-21.57	-39.59%	―	-1.27%	-29.29%
FERRO	46 Neutral	kr202.84M	-0.46	-91.51%	―	-57.73%	-7.45%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

PowerCell Sweden AB Corporate Events

PowerCell Sweden AB Appoints Nomination Committee for 2026 AGM

PowerCell Sweden AB has appointed a Nomination Committee ahead of its 2026 Annual General Meeting, following principles established in April 2025. The committee includes representatives from major shareholders Robert Bosch, Axon Partners, and Per Ekdunge, with Uwe Zeise serving as chairperson. This move is part of PowerCell’s governance process, ensuring shareholder representation in decision-making, which could impact the company’s strategic direction and stakeholder engagement.

The most recent analyst rating on (SE:PCELL) stock is a Hold with a SEK28.00 price target. To see the full list of analyst forecasts on PowerCell Sweden AB stock, see the SE:PCELL Stock Forecast page.

PowerCell Sweden AB Achieves Record Sales and Strategic Partnerships in Q2 2025

PowerCell Sweden AB reported a significant increase in net sales and gross profit for the second quarter of 2025, with net sales rising by 96% compared to the same period last year. The company also achieved a positive net income and operating cash flow, marking a notable turnaround from previous losses. Key developments include an expanded partnership with Robert Bosch GmbH to boost fuel cell adoption in China, a type approval for the Marine System 225, and new commercial agreements with Hitachi Energy and an Italian marine OEM customer. These strategic moves are expected to strengthen PowerCell’s market position and drive further growth in the hydrogen fuel cell industry.

The most recent analyst rating on (SE:PCELL) stock is a Hold with a SEK35.00 price target. To see the full list of analyst forecasts on PowerCell Sweden AB stock, see the SE:PCELL Stock Forecast page.

PowerCell Sweden AB to Release Q2 2025 Report with Online Presentation

PowerCell Sweden AB announced the release of its second quarter report for 2025, scheduled for publication on July 17, followed by an online presentation and Q&A session. This event underscores PowerCell’s commitment to transparency and stakeholder engagement, potentially impacting its market positioning and investor relations.

The most recent analyst rating on (SE:PCELL) stock is a Hold with a SEK35.00 price target. To see the full list of analyst forecasts on PowerCell Sweden AB stock, see the SE:PCELL Stock Forecast page.

PowerCell Secures First Major Order for Next-Gen Marine Fuel Cell System

PowerCell Sweden AB has secured a SEK 44 million contract with a leading Italian marine OEM for its next-generation marine fuel cell system, marking the first commercial order for its MW-class technology. This agreement signifies a shift in the maritime industry towards zero-emission solutions, driven by commercial demand and regulatory frameworks, and highlights PowerCell’s strengthened position in supporting customers with high-power, efficient fuel cell systems.

The most recent analyst rating on (SE:PCELL) stock is a Hold with a SEK35.00 price target. To see the full list of analyst forecasts on PowerCell Sweden AB stock, see the SE:PCELL Stock Forecast page.

PowerCell Secures First Commercial Order for Hitachi Energy’s HyFlex™ System

PowerCell Sweden AB has secured its first commercial order for hydrogen fuel cell systems to be used in Hitachi Energy’s HyFlex™ platform, marking a significant advancement in emission-free, off-grid energy solutions. This collaboration, initiated in 2021, underscores the reliability of PowerCell’s innovative solutions and highlights the growing demand in the power-generation market, positioning PowerCell as a key player in the energy transition alongside a reputable partner like Hitachi Energy.

The most recent analyst rating on (SE:PCELL) stock is a Hold with a SEK35.00 price target. To see the full list of analyst forecasts on PowerCell Sweden AB stock, see the SE:PCELL Stock Forecast page.

PowerCell’s Marine System 225 Achieves Lloyd’s Register Type Approval

PowerCell Sweden AB has achieved a significant milestone with its Marine System 225 receiving Type Approval from Lloyd’s Register, a prestigious classification society. This certification validates the system’s compliance with stringent safety, design, and performance standards, enhancing its marketability in the maritime industry. The Marine System 225 is designed to provide 225 kW of clean, vibration-free power and supports shipowners in meeting decarbonization goals and EU regulations. The approval is expected to facilitate commercial projects and pilot integrations in various marine vessels, signaling the readiness of hydrogen fuel cell systems for maritime deployment.

The most recent analyst rating on (SE:PCELL) stock is a Hold with a SEK35.00 price target. To see the full list of analyst forecasts on PowerCell Sweden AB stock, see the SE:PCELL Stock Forecast page.

PowerCell Expands Partnership with Bosch to Boost Fuel Cell Adoption in China

PowerCell Sweden AB has expanded its strategic partnership with Robert Bosch GmbH to accelerate the adoption of hydrogen fuel cell systems in China, particularly in mobility applications. This collaboration aims to scale the technology for broader customer access in high-growth markets like China and the global power generation sector. Bosch has acquired rights to adapt PowerCell’s S3 stack for the Chinese automotive market, valued at approximately €6 million, and the agreement will be reflected in PowerCell’s Q2 2025 interim report. Additionally, PowerCell will provide Bosch access to non-automotive sectors in China, such as backup power and industrial mobility, which are rapidly electrifying and require high-efficiency solutions. This partnership is expected to enhance market penetration of fuel cell systems in these sectors, leveraging Bosch’s industrial capacity and PowerCell’s advanced technology.

The most recent analyst rating on (SE:PCELL) stock is a Hold with a SEK35.00 price target. To see the full list of analyst forecasts on PowerCell Sweden AB stock, see the SE:PCELL Stock Forecast page.