SolTech Energy Sweden AB (SOLT) AI Stock Analysis

• Market Cap: kr105.82M
• Dividend Yield: N/A
• Average Volume (3M): 2.36M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.48
• Revenue Growth: -24.54%
• EPS Growth: -102.75%
• Country: SE
• Employees: 894
• Sector: Technology
• Sector Strength: 88
• Industry: Solar
• EPS (TTM): -0.57
• Shares Outstanding: 1,322,794,000
• 10 Day Avg. Volume: 1,856,353
• 30 Day Avg. Volume: 2,364,286
• PEG Ratio: <0.01
• Price to Book (P/B): 0.13
• Price to Sales (P/S): 0.04
• 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): 0.03
• Revenue Forecast (FY): kr2.63B

• Rating: 42 Neutral
• Price Target: kr0.09 ▼(-43.13% Downside)
• Action: Reiterated Date: 03/18/26
• Date: Action: Reiterated 03/18/26

The score is primarily weighed down by weak financial performance (2025 gross loss, wider net losses, negative operating cash flow) and higher leverage. Technicals add additional caution with price below key moving averages, while valuation is constrained by loss-making results and no dividend yield data.

Positive Factors

Market & industry exposure (solar)

Operating squarely in solar and building-integrated energy positions the company to benefit from long-term structural demand for renewable generation and rooftop/building solutions. This industry alignment supports multi‑year demand potential and strategic relevance for project pipelines and partnerships.

Diversified revenue streams (projects, products, adjacent services)

A mix of project delivery, product/component sales and adjacent building services creates multiple revenue channels and reduces single-product dependency. This diversification helps stabilize top-line volatility across project cycles and supports cross-selling of installation and roofing services over the medium term.

Operational scale and in-house execution capability

A workforce of nearly 900 and operations via subsidiaries imply meaningful in‑house capacity for engineering, installation and project management. Vertical integration and scale support execution of larger or multiple simultaneous projects, improving delivery reliability and potential margin recovery over time.

Negative Factors

Deteriorating profitability and margins

A switch to a large gross loss removes the basic margin buffer and suggests structural cost or pricing issues in projects or supply. Persistently negative operating and net margins undermine internal funding capacity and require sustained operational fixes or pricing changes to restore durable profitability.

Materially higher leverage

Debt-to-equity rising to near 2.0 substantially increases financial risk and reduces balance-sheet flexibility. Higher leverage limits the company's ability to invest organically, absorb project setbacks, or refinance affordably, making recovery efforts more dependent on external financing or rapid margin improvement.

Weak and inconsistent cash generation

Recurring negative or volatile operating cash flow signals that reported losses translate into real funding pressure. Limited free cash flow and episodic cash inflows constrain the firm's ability to self-fund growth or deleverage, increasing dependence on external capital and raising execution risk over the medium term.

SolTech Energy Sweden AB Business Overview & Revenue Model

Company Description

SolTech Energy Sweden AB (SOLT) is a leading renewable energy company based in Sweden, specializing in solar energy solutions. The company operates in the sectors of solar energy production, energy efficiency, and sustainable building technologies. SOLT's core products include solar thermal systems, photovoltaic panels, and energy management systems designed to enhance energy efficiency in residential and commercial properties.

How the Company Makes Money

SolTech makes money primarily by selling and delivering solar energy solutions and related project services. Key revenue streams include: (1) project-based sales and installation of solar photovoltaic (PV) systems for customers (e.g., procurement of equipment, engineering, installation, and commissioning), where revenue is recognized through contract delivery; (2) sales of solar products/components and associated services through its operating subsidiaries; and (3) revenue from adjacent construction/building activities conducted by its group companies where applicable (e.g., roofing/building-envelope related offerings tied to solar projects). Material, company-specific details such as the exact revenue mix by segment, recurring vs. non-recurring revenue proportions, margin structure, or named significant partnerships are not available from the provided prompt and are therefore null.

SolTech Energy Sweden AB Financial Statement Overview

Summary

Financial fundamentals are under heavy pressure: 2025 saw lower revenue, a shift from gross profit to a large gross loss, a much wider net loss, and operating cash flow turning negative again. Balance-sheet risk also rose materially with debt-to-equity jumping to ~1.93 in 2025, reducing flexibility if losses persist.

Income Statement

Profitability has deteriorated sharply: 2025 revenue fell ~9% and the company swung from positive gross profit in 2024 to a large gross loss in 2025, driving deeply negative operating results and a much wider net loss. While 2023 showed a brief improvement (slightly positive operating profit), the broader multi-year pattern is volatile and currently unfavorable, with negative net profit margins in most years and a significant step-down in 2025.

Balance Sheet

Leverage has increased materially, with debt-to-equity rising from ~0.48 (2024) to ~1.93 (2025), alongside a decline in equity versus prior years and persistently negative returns on equity. The balance sheet was stronger in 2021–2023 with lower leverage, but the 2025 debt load meaningfully raises financial risk and reduces flexibility if losses continue.

Cash Flow

Cash generation is inconsistent and recently weak: operating cash flow turned negative again in 2025 after being positive in 2024, indicating profits (already negative) are not translating into cash and working-capital/cash demands remain elevated. Free cash flow was positive in 2024 but has been negative in several prior years and is reported at zero in 2025, underscoring volatility and limited internally funded growth capacity.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.71B	2.41B	2.90B	1.93B	912.70M
Gross Profit	-483.52M	854.05M	23.39M	597.12M	420.54M
EBITDA	-182.37M	97.92M	86.00M	-165.25M	291.81M
Net Income	-588.36M	-277.89M	-164.57M	-269.85M	81.71M
Balance Sheet
Total Assets	1.82B	2.09B	2.50B	2.33B	1.49B
Cash, Cash Equivalents and Short-Term Investments	230.29M	234.99M	212.26M	268.31M	335.80M
Total Debt	902.10M	361.74M	246.89M	149.53M	83.18M
Total Liabilities	1.35B	1.33B	1.48B	1.20B	546.79M
Stockholders Equity	467.82M	747.56M	1.01B	1.12B	903.55M
Cash Flow
Free Cash Flow	0.00	20.07M	-99.58M	-219.79M	-282.35M
Operating Cash Flow	-161.17M	91.50M	-942.00K	-191.34M	-105.23M
Investing Cash Flow	-32.86M	-104.25M	-284.64M	-155.51M	-259.78M
Financing Cash Flow	203.63M	34.41M	223.11M	286.02M	478.65M

SolTech Energy Sweden AB Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.16
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:SOLT, the sentiment is Negative. The current price of 0.16 is above the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.11, and below the 200-day MA of 0.40, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 33.95 is Neutral, neither overbought nor oversold. The STOCH value of 7.83 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:SOLT.

SolTech Energy Sweden AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SLEEP	69 Neutral	kr328.50M	11.42	96.69%	7.64%	0.29%	6.80%
NOTEK	64 Neutral	kr169.58M	11.90	―	―	37.36%	1536.66%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
INCOAX	44 Neutral	kr65.50M	-2.29	-24.59%	―	-48.24%	-48.99%
SOLT	42 Neutral	kr105.82M	-0.10	-96.77%	―	-24.54%	-102.75%
MIDS	42 Neutral	kr360.43M	-6.25	-63.70%	―	87.43%	64.20%