PowerCell Sweden AB AI Stock Analysis
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PowerCell Sweden AB (PCELL) AI Stock Analysis
PowerCell Sweden AB
(Nasdaq OMX AB:PCELL)
The overall score of 46 reflects a high-risk profile. The most significant factors are the company's deeply unprofitable operations and sharp revenue decline, which are confirmed by both financial statements and a very cautious earnings call. These fundamental weaknesses are mirrored in a bearish technical trend. The primary mitigating strengths are a debt-free balance sheet and aggressive cost-cutting that has stabilized cash flow, providing a runway to pursue large, early-stage opportunities in marine and power generation. The path to sustainable profitability remains the central, unresolved challenge.
PowerCell Sweden AB (PCELL) vs. iShares MSCI Sweden ETF (EWD)
- Market Cap
- SEK 97.84M
- Dividend Yield
- ―
- Average Volume (3M)
- 117.43K
- Price to Earnings (P/E)
- -6.6
- Beta (1Y)
- 0.94
- Revenue Growth
- -51.13%
- EPS Growth
- -2244.41%
- Country
- Sweden
- Employees
- 146
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Electrical Equipment & Parts
PowerCell Sweden AB Business Overview & Revenue Model
Company Description
PowerCell Sweden AB (publ) specializes in the creation and manufacturing of advanced fuel cells and integrated fuel cell systems. These innovative technologies serve diverse sectors, including automotive, maritime, and stationary power generation, wi...
How the Company Makes Money
PowerCell’s revenues primarily come from selling hydrogen PEM fuel cell products and related engineering and support services. Key revenue streams typically include: (1) Product sales of fuel cell stacks and complete fuel cell systems (integrated mod...
PowerCell Sweden AB Earnings Call Summary
The call presented a mixed and cautious outlook. PowerCell reported a 61% Q3 revenue decline, weak China-related automotive royalty activity, negative accumulated operating cash flow and supply-chain-related delivery delays. However, management also highlighted a 25% reduction in combined selling, administration and R&D expenses, expected annual cost reductions of approximately SEK 50 million in 2027, stabilized cash flow, increased customer activity, repeat Marine business and significant Power Generation and data-center opportunities. The company's current performance remains pressured, while its cost discipline and strategic initiatives provide a basis for potential future growth.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management expects further cost benefits to continue throughout 2026, with a SEK 50 million cost reduction in 2027 compared to 2025, while maintaining a cautious outlook for '27 as well. The company is focusing on completing all deliveries in quarter 4, expects revenue of around EUR 5 million from the Bosch MOU to be materialized in quarter 4, and intends to complete the agreement in quarter 4; the nonbinding MOU covers joint development and execution or installation of 50 megawatts and above in the United States, Canada, Europe and Middle East. Power Generation commercial progress is going to show some improvement going forward, but the timing remains uncertain, and the company does not make forecasts.
PowerCell Sweden AB Financial Statement Overview
Summary
Financial performance is mixed. The balance sheet is a strength with very low debt (D/E 0.17), providing a financial buffer. The recent shift to positive operating and free cash flow is a critical positive development. However, these are overshadowed by a sharp 19.9% TTM revenue decline, persistent and widening net losses, and compressing gross margins, indicating significant operational challenges.
Income Statement
38NegativeBalance Sheet
72PositiveCash Flow
65Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 212.08M | 384.96M | 334.28M | 310.29M | 244.69M | 159.76M |
| Gross Profit | 56.90M | 147.29M | 116.17M | 124.01M | 110.47M | 49.03M |
| EBITDA | -162.81M | -32.44M | -22.06M | -27.23M | -22.95M | -44.07M |
| Net Income | -146.16M | -29.53M | -47.28M | -62.96M | -58.17M | -75.08M |
Balance Sheet | ||||||
| Total Assets | 540.05M | 597.94M | 662.44M | 425.11M | 473.95M | 521.33M |
| Cash, Cash Equivalents and Short-Term Investments | 18.10M | 78.82M | 218.92M | 70.81M | 196.86M | 332.51M |
| Total Debt | 50.37M | 19.05M | 73.82M | 28.14M | 31.46M | 37.22M |
| Total Liabilities | 276.94M | 211.41M | 248.74M | 149.68M | 141.07M | 137.88M |
| Stockholders Equity | 263.11M | 386.53M | 413.70M | 275.43M | 332.87M | 383.45M |
Cash Flow | ||||||
| Free Cash Flow | 28.49M | -38.02M | -83.81M | -124.17M | -138.31M | -84.23M |
| Operating Cash Flow | 45.34M | -10.08M | -37.11M | -95.69M | -120.51M | -66.34M |
| Investing Cash Flow | -41.88M | -67.34M | -46.54M | -28.17M | -24.39M | -17.92M |
| Financing Cash Flow | 22.99M | -57.37M | 224.69M | -8.78M | -8.46M | -7.52M |
PowerCell Sweden AB Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:PCELL, the sentiment is Neutral. The current price of 16.67 is above the 20-day moving average (MA) of 16.62, below the 50-day MA of 18.61, and below the 200-day MA of 21.43, indicating a neutral trend. The MACD of -0.55 indicates Negative momentum. The RSI at 46.20 is Neutral, neither overbought nor oversold. The STOCH value of 66.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:PCELL.
PowerCell Sweden AB Peers Comparison
Overall Rating
SE:CTEK63Neutral
SE:FERRO49Neutral
SE:CCC48Neutral- SE:PCELL46Neutral
SE:OXE39Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| SE:CTEK | 63Neutral | SEK 960.07M | 18.80 | 6.89% | ― | -12.11% | ― |
| SE:FERRO | 49Neutral | SEK 372.78M | -10.85 | ― | ― | 154.86% | 47.11% |
| SE:CCC | 48Neutral | SEK 1.12B | -14.05 | ― | ― | 6.10% | -393.38% |
| SE:PCELL | 46Neutral | SEK 1.00B | -6.62 | -45.21% | ― | -51.13% | -2244.41% |
| SE:OXE | 39Underperform | SEK 162.67M | -1.47 | -70.68% | ― | -51.62% | 6.08% |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| SE:PCELL | PowerCell Sweden AB | 16.67 | -27.19 | -61.99% | |
| SE:OXE | Oxe Marine Ab | 0.16 | -0.21 | -56.72% | |
| SE:CTEK | CTEK AB | 13.54 | 0.80 | 6.28% | |
| SE:META | Metacon AB | 0.08 | -0.47 | -84.91% | |
| SE:FERRO | Ferroamp AB | 3.34 | 1.46 | 77.66% | |
| SE:CCC | Cavotec Group AB | 10.40 | -5.05 | -32.69% |
PowerCell Sweden AB Corporate Events
PowerCell Secures SEK 15 Million H2SITE Maritime Order
PowerCell Sweden has secured a SEK 15 million order from H2SITE for Marine System 225 fuel cell systems and engineering, integration and commissioning services. The order is tied to HydraNord Power, an Enova-supported project led by H2SITE that combi...
PowerCell Sweden Hit by Steep Sales Drop but Builds Hydrogen Deals Around AI and Maritime
PowerCell Sweden AB reported a sharp downturn in third-quarter 2026 performance, with net sales falling 61% year-on-year to SEK 33.1m and gross margin slipping to 27.5%. Earnings moved deeper into the red, as operating income dropped to SEK -33.7m an...
PowerCell and Bosch deepen fuel‑cell partnership for large‑scale power generation
PowerCell Sweden AB, a Gothenburg‑headquartered specialist in hydrogen fuel‑cell stacks and systems for mobility and stationary power, is expanding its footprint in large‑scale power generation. The Nasdaq Stockholm‑listed company targets industries...
PowerCell wins SEK 27 million order to double hydrogen-electric bulk carrier fleet
PowerCell Sweden AB has secured a SEK 27 million follow-up order from GMI Group AS to supply fuel cell systems and engineering services for two additional hydrogen-electric bulk carriers, expanding an existing project from two to four vessels. The de...
PowerCell Board Member Nicolas Boutin Steps Down Amid New Executive Role
PowerCell Sweden AB’s Board member Nicolas Boutin is stepping down due to time constraints following his appointment to an executive role at US-based AI company Causal Labs. The Nomination Committee will not propose a replacement, leaving the Board a...
PowerCell schedules Q3 2026 report release and investor webcast
PowerCell Sweden AB will release its third-quarter 2026 report on October 22 at 07:30 a.m., followed by a webcast presentation at 08:30 a.m. led by CEO Richard Berkling and CFO Anders Düring in English, including a Q&A session for online participants...
PowerCell Sweden appoints Nomination Committee ahead of 2027 AGM
PowerCell Sweden AB has appointed its Nomination Committee ahead of the company’s Annual General Meeting in 2027 under principles adopted at the AGM earlier this year. The committee will be chaired by Uwe Zeise representing Robert Bosch, alongside Je...
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 23, 2026