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Midsummer AB (MIDS) AI Stock Analysis
Midsummer AB
(Nasdaq OMX AB:MIDS)
The overall score reflects a stock with significant structural improvements offset by critical risks. The primary strength is Midsummer AB's aggressive debt reduction and return to positive EBITDA. However, severe cash burn, poor valuation metrics including a negative P/E ratio, and bearish short-term technical trends prevent a higher rating and signal ongoing headwinds.
Midsummer AB (MIDS) vs. iShares MSCI Sweden ETF (EWD)
- Market Cap
- SEK 660.97M
- Dividend Yield
- ―
- Average Volume (3M)
- 782.22K
- Price to Earnings (P/E)
- 73.4
- Beta (1Y)
- 0.61
- Revenue Growth
- 149.28%
- EPS Growth
- ―
- Country
- Sweden
- Employees
- 120
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Solar
Midsummer AB Business Overview & Revenue Model
Company Description
Midsummer AB (publ), headquartered in Järfälla, Sweden, specializes in creating and delivering machinery for the production of CIGS thin-film solar cells. The company's offerings include Duo, a fully automated deposition system specifically designed...
How the Company Makes Money
Midsummer makes money primarily through (1) selling thin‑film solar manufacturing equipment (production lines and related machinery) to customers that want to produce thin‑film solar cells/modules, and (2) selling its own thin‑film solar modules/prod...
Midsummer AB Financial Statement Overview
Summary
Strong top-line revenue growth, positive EBITDA, and a significantly deleveraged balance sheet highlight an impressive turnaround. However, the score is heavily constrained by persistent negative operating and free cash flows.
Income Statement
75PositiveBalance Sheet
82Very PositiveCash Flow
35Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 291.93M | 164.34M | 52.08M | 49.63M | 53.38M | 94.41M |
| Gross Profit | 92.91M | 30.96M | 2.38M | 33.77M | -18.11M | 27.30M |
| EBITDA | 6.18M | -40.88M | -96.58M | -162.50M | -34.94M | -70.83M |
| Net Income | 4.57M | -74.44M | -129.45M | -222.21M | -87.83M | -129.51M |
Balance Sheet | ||||||
| Total Assets | 542.44M | 412.66M | 418.06M | 517.56M | 469.42M | 491.24M |
| Cash, Cash Equivalents and Short-Term Investments | 45.42M | 29.33M | 8.46M | 20.52M | 2.39M | 159.16M |
| Total Debt | 124.79M | 235.11M | 247.85M | 236.51M | 249.92M | 212.46M |
| Total Liabilities | 200.11M | 300.64M | 342.78M | 322.90M | 285.94M | 238.28M |
| Stockholders Equity | 342.33M | 112.02M | 75.29M | 194.65M | 183.48M | 252.96M |
Cash Flow | ||||||
| Free Cash Flow | -74.36M | -56.78M | -70.77M | -130.64M | -171.17M | -178.74M |
| Operating Cash Flow | -29.32M | -36.32M | -8.20M | -71.06M | -101.37M | -63.39M |
| Investing Cash Flow | -60.73M | -39.83M | -62.57M | -63.90M | -69.80M | -115.35M |
| Financing Cash Flow | 113.65M | 99.81M | 58.73M | 148.45M | 13.47M | 118.97M |
Midsummer AB Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:MIDS, the sentiment is Neutral. The current price of 1.25 is above the 20-day moving average (MA) of 1.23, below the 50-day MA of 1.36, and above the 200-day MA of 1.20, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 47.10 is Neutral, neither overbought nor oversold. The STOCH value of 34.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:MIDS.
Midsummer AB Peers Comparison
Overall Rating
- SE:MIDS52Neutral
SE:B351Neutral
SE:GIGA43Neutral
SE:SOLT37Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| SE:MIDS | 52Neutral | SEK 660.97M | 73.41 | 1.61% | ― | 149.28% | ― |
| SE:B3 | 51Neutral | SEK 217.06M | 86.61 | 1.13% | ― | -6.29% | -4.08% |
| SE:GIGA | 43Neutral | SEK 120.85M | -2.03 | ― | ― | -3.52% | 26.43% |
| SE:SOLT | 37Underperform | SEK 169.98M | -0.07 | -103.55% | ― | -16.23% | 36.58% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SE:MIDS | Midsummer AB | 1.25 | -1.20 | -48.96% | |
| SE:B3 | B3 Consulting Group AB | 22.90 | -20.20 | -46.87% | |
| SE:SOLT | SolTech Energy Sweden AB | 0.05 | -0.13 | -72.28% | |
| SE:GIGA | Gigasun AB | 0.87 | -1.92 | -68.84% |
Midsummer AB Corporate Events
Midsummer AB Steps Up Global Thin-Film Solar Expansion and Automation Push
Midsummer AB is scaling its flexible CIGS thin-film solar cell business through a vertically integrated model that covers equipment, factories and finished panels for a wide range of roof applications. The company’s focus on lightweight, durabl...
Cboe Europe to List Swedish Solar Firm Midsummer Shares, Expanding Investor Access
Midsummer AB, a Swedish solar energy specialist, develops and sells thin, light and flexible CIGS solar cells and solar roofs to construction and roofing companies, installers and private customers. The group also markets production equipment and res...
Midsummer and Metalogika launch Indonesian hub for thin-film solar manufacturing
Swedish solar technology provider Midsummer AB and Indonesian industrial firm PT Metalogika Rekayasa Sistem have agreed to create a joint manufacturing platform in Indonesia for thin-film flexible solar panels, anchored by Midsummer’s DUO produ...
Midsummer Partners with SteelX to Launch Integrated Solar Roofs in North America
Swedish solar specialist Midsummer AB is expanding its reach by partnering with SteelX Solar Power to introduce its ultra-light, integrated thin film solar roofs to the North American market. The collaboration marries Midsummer’s CIGS-based fle...
Midsummer Drops Swedish Factory Plan to Pursue Asset-Light Global Expansion
Midsummer, a Swedish producer of flexible CIGS thin-film solar cells and solar roofs, focuses on supplying both complete roof solutions and specialized production equipment to industrial partners and installers. Its technology emphasizes lightweight,...
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.
Date of analysis: Oct 24, 2026