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Sono Group
(NASDAQ:SSM)
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Rating:44Neutral
Price Target:
$4.00
▼(-3.85% Downside)
Action:Reiterated
Date:05/20/26
The score is primarily weighed down by very weak financial performance (large losses, negative equity, and ongoing cash burn). Technicals also remain bearish with the stock trading far below key moving averages, while the low P/E offers only limited support given the underlying financial stress and the added risk from the digital-asset treasury pivot.
Positive Factors
Treasury pivot reduces operating outflows
Shifting to a Bitcoin-focused treasury and halting solar funding is a structural change that can materially lower recurring operating cash needs. By cutting ongoing cash support to subsidiaries, management can preserve runway and prioritize core obligations, improving survival odds while execution risk remains.
Negative Factors
Extremely small revenue base
With only $0.29M in trailing revenue the company lacks scale and market traction; fixed costs and overhead are disproportionately large versus sales, making margins unsustainable. Low revenue magnifies execution risk and limits ability to absorb shocks or invest in growth without external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Treasury pivot reduces operating outflows
Shifting to a Bitcoin-focused treasury and halting solar funding is a structural change that can materially lower recurring operating cash needs. By cutting ongoing cash support to subsidiaries, management can preserve runway and prioritize core obligations, improving survival odds while execution risk remains.
Read all positive factors
Sono Group (SSM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.07M
Dividend YieldN/A
Average Volume (3M)30.13K
Price to Earnings (P/E)―
Beta (1Y)1.93
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees15
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-4.34
Shares Outstanding1,424,834
10 Day Avg. Volume12,679
30 Day Avg. Volume30,133
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)-69.06
Price to Sales (P/S)58.25
P/FCF Ratio-1.41
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-45.75
Revenue Forecast (FY)$2.26B
Sono Group Business Overview & Revenue Model
Company Description
Sono Group N.V. provides solar-powered mobility solutions and solar integration products for the commercial vehicle and automotive industry. The company offers a range of solar integration solutions, including Solar Bus Kit and solar kits for truc...
How the Company Makes Money
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Sono Group Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
9
Very Negative
Cash Flow
10
Very Negative
| Breakdown | Mar 2026 | Mar 2025 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 149.00K | 0.00 | 42.00K | 229.00K | 16.00K |
| Gross Profit | 57.00K | 0.00 | -28.00K | -163.00K | -42.00K |
| EBITDA | -7.67M | 65.04M | -45.62M | -181.70M | -60.08M |
| Net Income | 4.01M | 65.03M | -45.71M | -183.70M | -63.95M |
Balance Sheet | |||||
| Total Assets | 1.67M | 3.05M | 9.55M | 57.47M | 147.30M |
| Cash, Cash Equivalents and Short-Term Investments | 241.97K | 1.35M | 7.41M | 30.84M | 138.95M |
| Total Debt | 674.23K | 24.66M | 26.31M | 34.87M | 6.83M |
| Total Liabilities | 1.80M | 25.73M | 97.24M | 100.98M | 63.86M |
| Stockholders Equity | -125.68K | -22.68M | -87.69M | -43.51M | 83.44M |
Cash Flow | |||||
| Free Cash Flow | -6.17M | -14.77M | -15.26M | -186.82M | -48.79M |
| Operating Cash Flow | -6.17M | -14.69M | -11.42M | -139.59M | -47.14M |
| Investing Cash Flow | 0.00 | 1.23M | -11.32M | -47.24M | -1.65M |
| Financing Cash Flow | 5.17M | 7.00M | 6.00K | 83.01M | 138.56M |
Sono Group Risk Analysis
Sono Group disclosed 74 risk factors in its most recent earnings report. Sono Group reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
Following the anticipated delisting of our shares from Nasdaq, as determined by the Panel in its delist decision from December 11, 2023, we may not be able to meet the initial listing requirements for admission of our shares to trading on a stock exchange in the future and pay for the costs associated with an initial listing and therefore may not be able to have our shares admitted to trading on a stock exchange in the future. Q4, 2022
2.
Shareholders may not be able to exercise preemptive rights and, as a result, may experience substantial dilution upon future issuances of ordinary shares. Q4, 2022
3.
Future sales by major shareholders could materially adversely affect the market price of our ordinary shares. Q4, 2022
Sono Group Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
52 Neutral | $22.04B | -5.90 | -67.49% | ― | 14.21% | 20.20% | |
50 Neutral | $67.48M | -0.59 | -30.09% | ― | ― | ― | |
49 Neutral | $12.34B | -37.19 | -7.56% | ― | 49.73% | 54.60% | |
44 Neutral | $9.07M | -0.75 | 171.55% | ― | ― | ― | |
44 Neutral | $2.10B | -0.63 | 45.67% | ― | 50.33% | -1.26% | |
41 Neutral | $64.15M | -0.12 | 742.57% | ― | ― | ― |
* Consumer Cyclical Sector Average
SSM
Sono Group
3.60
-2.40
-40.00%
KNDI
Kandi Technologies
0.70
-0.42
-37.50%
XPEV
XPeng, Inc. ADR
12.05
-7.22
-37.47%
PSNY
Polestar Automotive Holding UK
14.63
-17.17
-53.99%
RIVN
Rivian Automotive
15.76
4.12
35.40%
SEV
Aptera Motors Corp. Class B
1.97
-3.87
-66.27%
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.