Sono Group (SSM)
NASDAQ:SSM
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Sono Group
(NASDAQ:SSM)
Select Model
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Rating:44Neutral
Price Target:
$6.00
▼(-14.29% Downside)
Action:ReiteratedDate:04/02/26
The score is driven primarily by very weak financial quality (negative equity, higher leverage, and inconsistent cash generation) and bearish technicals (below key moving averages with negative MACD). Valuation looks optically cheap on P/E, but the underlying earnings and balance-sheet risk reduce the usefulness of that signal.
Positive Factors
Reduced cash burn
Management's decision to stop funding the loss-making solar subsidiary and transition legacy operations materially reduces recurring operating cash outflows. This conserves scarce liquidity, narrows near-term cash needs, and gives the company runway to reallocate resources to higher-return activities and balance-sheet repair.
Negative Factors
Negative equity & high debt
Persistently negative equity and a large jump in debt to $574M materially weaken the company’s capital cushion. This elevates refinancing, covenant and solvency risks, reduces financial flexibility, and raises the probability that future operations will be constrained by creditors or require dilutive recapitalizations.
Read all positive and negative factors
Positive Factors
Negative Factors
Reduced cash burn
Management's decision to stop funding the loss-making solar subsidiary and transition legacy operations materially reduces recurring operating cash outflows. This conserves scarce liquidity, narrows near-term cash needs, and gives the company runway to reallocate resources to higher-return activities and balance-sheet repair.
Read all positive factors
Sono Group (SSM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.21M
Dividend YieldN/A
Average Volume (3M)30.13K
Price to Earnings (P/E)―
Beta (1Y)1.93
Revenue Growth-100.00%
EPS GrowthN/A
CountryUS
Employees34
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-1.11
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)-0.10
Price to Sales (P/S)68.45
P/FCF Ratio-1.26
Enterprise Value/Market Cap40.87
Enterprise Value/Revenue2.54K
Enterprise Value/Gross Profit6.61K
Enterprise Value/Ebitda-49.21
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 applications. It develops vehicle applied modules, including Solar Bus Kit, a business-to-business retrofit solution that reduces energy consumption and inner-city greenhouse gas emissions; and maxim...
Sono Group Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
12
Very Negative
Cash Flow
8
Very Negative
| Breakdown | Dec 2025 | 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 | -8.67M | 65.04M | -45.62M | -181.70M | -60.08M |
| Net Income | 4.53M | 65.03M | -45.71M | -183.70M | -63.95M |
Balance Sheet | |||||
| Total Assets | 1.42B | 3.05M | 9.55M | 57.47M | 147.30M |
| Cash, Cash Equivalents and Short-Term Investments | 206.00M | 1.35M | 7.41M | 30.84M | 138.95M |
| Total Debt | 574.00M | 24.66M | 26.31M | 34.87M | 6.83M |
| Total Liabilities | 1.53B | 25.73M | 97.24M | 100.98M | 63.86M |
| Stockholders Equity | -107.00M | -22.68M | -87.69M | -43.51M | 83.44M |
Cash Flow | |||||
| Free Cash Flow | -8.12M | -14.77M | -15.26M | -186.82M | -48.79M |
| Operating Cash Flow | -8.12M | -14.69M | -11.42M | -139.59M | -47.14M |
| Investing Cash Flow | 0.00 | 1.23M | -11.32M | -47.24M | -1.65M |
| Financing Cash Flow | 6.80M | 7.00M | 6.00K | 83.01M | 138.56M |
Sono Group Technical Analysis
Neutral
7.00
Price Trends
6.89
Negative
6.86
Negative
7.16
Negative
Market Momentum
-0.17
Negative
51.55
Neutral
73.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SSM, the sentiment is Neutral. The current price of 7 is above the 20-day moving average (MA) of 6.52, above the 50-day MA of 6.89, and below the 200-day MA of 7.16, indicating a neutral trend. The MACD of -0.17 indicates Negative momentum. The RSI at 51.55 is Neutral, neither overbought nor oversold. The STOCH value of 73.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SSM.
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% | |
47 Neutral | $9.22M | -0.21 | -294.40% | ― | 113.69% | -84.50% | |
46 Neutral | $25.50M | ― | -198.95% | ― | 16.74% | 81.14% | |
45 Neutral | $144.89M | -0.19 | -81.39% | ― | -36.52% | 99.81% | |
44 Neutral | $9.21M | -1.21 | ― | ― | -100.00% | ― | |
43 Neutral | $1.59M | ― | 308.19% | ― | 5865.42% | 98.16% | |
43 Neutral | $6.81M | -1.12 | -30.79% | ― | -56.89% | 12.17% |
* Consumer Cyclical Sector Average
SSM
Sono Group
6.29
1.18
23.00%
BINI
Bollinger Innovations
0.09
-13,624,999.91
-100.00%
WKHS
Workhorse Group
2.44
-12.56
-83.73%
CENN
Cenntro Electric Group
0.08
-0.69
-90.00%
EVTV
Envirotech Vehicles
1.91
-0.67
-25.91%
EMPD
Empery Digital
4.79
-1.47
-23.48%
Sono Group Corporate Events
Business Operations and StrategyRegulatory Filings and ComplianceShareholder Meetings
Sono Group Shifts Strategy to Bitcoin-Focused Treasury Model
Negative
Mar 19, 2026
On March 19, 2026, Sono Group N.V. announced a major strategic pivot, adopting a Digital Asset Treasury strategy and halting all current and future funding to its solar subsidiary Sono Motors GmbH after concluding that structural headwinds in comm...
Business Operations and StrategyShareholder Meetings
Sono Group Adopts Bitcoin-Focused Digital Asset Treasury Strategy
Neutral
Mar 16, 2026
On March 14, 2026, Sono Group’s management and supervisory boards ratified the company’s entry into an ISDA Master Agreement with related credit support documentation and approved a new digital asset treasury strategy and policy. Under...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Sono Group Raises Capital via Private Placement Financing
Neutral
Mar 11, 2026
On March 10, 2026, Sono Group N.V. completed a private placement with YA II PN, Ltd. (Yorkville), issuing a pre-funded warrant for up to 283,367 ordinary shares for gross proceeds of about $2 million, earmarked strictly for working capital and sub...
Private Placements and Financing
Sono Group Issues Convertible Debenture via Private Placement
Neutral
Feb 24, 2026
On February 19, 2026, Sono Group N.V. issued a $750,000 convertible debenture to YA II PN, Ltd. (Yorkville) bearing 12% annual interest, rising to 18% in case of default, and maturing on February 19, 2027, with an option for Yorkville to extend th...
Private Placements and Financing
Sono Group Secures Convertible Debenture Financing Agreement
Neutral
Jan 29, 2026
On January 26, 2026, Sono Group N.V. raised $600,000 in net proceeds by issuing a one-year convertible debenture to investor YA II PN, Ltd. (Yorkville), bearing 12% annual interest—rising to 18% in the event of default—and maturing on ...
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.