Midsummer AB (MIDS) AI Stock Analysis

• Market Cap: kr355.58M
• Dividend Yield: N/A
• Average Volume (3M): 1.38M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.94
• Revenue Growth: 4.94%
• EPS Growth: 66.98%
• Country: SE
• Employees: 127
• Sector: Technology
• Sector Strength: 69
• Industry: Solar
• EPS (TTM): -0.71
• Shares Outstanding: 337,358,500
• 10 Day Avg. Volume: 2,476,264
• 30 Day Avg. Volume: 1,378,257
• PEG Ratio: -0.04
• Price to Book (P/B): 2.09
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.15
• 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

Midsummer AB's overall stock score reflects substantial financial challenges, including declining revenues, persistent losses, high leverage, and cash flow issues. While technical indicators suggest some short-term momentum, the stock's valuation is poor due to negative earnings and lack of dividend yield. These factors pose significant risks, contributing to a low overall score.

Midsummer AB Business Overview & Revenue Model

Company Description

Midsummer AB (MIDS) is a Swedish company specializing in the development and production of thin-film solar cells and solar panels. Operating in the renewable energy sector, Midsummer focuses on sustainable energy solutions by offering innovative and flexible solar technology designed for integration into various applications, including rooftops and portable devices. The company's core products are its solar cells and panels, which utilize cutting-edge thin-film technology to provide efficient and eco-friendly energy solutions.

How the Company Makes Money

Midsummer AB makes money primarily through the sale of its thin-film solar cells and solar panels. The company generates revenue by manufacturing and distributing these products to businesses, government entities, and individual consumers interested in sustainable energy solutions. Key revenue streams include direct sales of solar modules, licensing agreements for their technology, and collaborations with partners in various industries to incorporate their solar solutions into broader projects. Strategic partnerships with construction companies, energy providers, and technology firms further enhance Midsummer's market reach and contribute to its earnings. Additionally, the company may receive funding or subsidies from governmental and environmental programs aimed at promoting renewable energy adoption.

Midsummer AB Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
52.08M	49.63M	53.38M	94.41M	71.95M
	Gross Profit
2.38M	33.77M	-18.11M	27.30M	54.32M
	EBIT
-130.40M	-200.78M	-93.08M	-119.03M	-55.83M
	EBITDA
-96.58M	-128.28M	-34.94M	-70.83M	-49.17M
	Net Income Common Stockholders
-129.45M	-222.21M	-87.83M	-129.51M	-116.35M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
8.46M	20.52M	2.39M	159.16M	217.61M
	Total Assets
418.06M	517.56M	469.42M	491.24M	520.39M
	Total Debt
247.85M	236.51M	235.23M	212.46M	215.63M
	Net Debt
239.39M	215.98M	232.84M	53.30M	-1.99M
	Total Liabilities
342.78M	322.90M	285.94M	238.28M	264.46M
	Stockholders Equity
75.29M	194.65M	183.48M	252.96M	255.93M
Cash Flow		Free Cash Flow
-70.77M	-130.64M	-171.17M	-178.74M	-132.69M
	Operating Cash Flow
-8.20M	-71.06M	-101.37M	-63.39M	-79.69M
	Investing Cash Flow
-62.57M	-63.90M	-69.80M	-115.35M	-53.00M
	Financing Cash Flow
58.73M	148.45M	13.47M	118.97M	238.59M

Midsummer AB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.12
• 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:MIDS, the sentiment is Positive. The current price of 1.12 is above the 20-day moving average (MA) of 0.90, above the 50-day MA of 0.80, and above the 200-day MA of 1.08, indicating a bullish trend. The MACD of 0.08 indicates Negative momentum. The RSI at 66.76 is Neutral, neither overbought nor oversold. The STOCH value of 32.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SE:MIDS.

Midsummer AB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SFL	68 Neutral	€130.88M	14.77	23.11%	―	37.35%	―
Sector *	60 Neutral	$11.39B	10.52	-6.21%	2.95%	7.68%	-11.12%
INCOAX	49 Neutral	kr197.56M	―	-19.76%	―	24.96%	23.93%
FREEM	47 Neutral	€196.31M	―	-40.19%	―	-10.24%	12.09%
SOLT	47 Neutral	kr351.20M	―	-31.06%	―	-16.82%	-59.59%
MIDS	42 Neutral	kr355.58M	―	-93.81%	―	4.94%	66.98%

Midsummer AB Corporate Events

Midsummer AB Announces Annual General Meeting Details

Midsummer AB has announced its annual general meeting scheduled for June 12, 2025, at its offices in Järfälla, Sweden. Shareholders must register by June 5, 2025, to participate, and those with nominee-registered shares need to ensure owner registration by June 3, 2025. The meeting will cover several key agenda items, including the election of the chair, approval of financial statements, and amendments to the articles of association. Notably, the board proposes no dividends for the year, opting to balance the year’s results in a new account.

Midsummer Secures SEK 143m Order for Solar Cell Production Line

Midsummer has secured a significant order worth SEK 143.5 million for a turnkey production line of thin-film solar cells from a Swedish industrial and defense group. This order marks the first phase of establishing a solar cell factory outside Europe, with plans for future capacity expansion. The order underscores Midsummer’s strategy to offer scalable turnkey solar cell factories globally, supporting rapid green energy transitions and local production of environmentally friendly solar cells.