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Sono Group
(NASDAQ:SSM)
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Rating:46Neutral
Price Target:
$2.50
▼(-5.30% Downside)
Action:Reiterated
Date:10/03/26
The score is primarily held down by very weak profitability and a stressed balance sheet (negative equity and higher debt). Technicals are mixed with negative momentum, while valuation metrics provide limited support due to a negative P/E and no dividend. Corporate events are a modest positive due to financing and strategic optionality, but they carry meaningful completion/execution uncertainty.
Positive Factors
Positive TTM Cash Flow
Positive operating and free cash flow provide some evidence that the business generated cash during the latest twelve-month period. If sustained, this could support working capital and reduce reliance on external funding, although the current contribution remains modest relative to the company’s debt.
Negative Factors
Negative Equity and Rising Debt
Negative equity materially limits financial flexibility because liabilities exceed the stated book value of assets. Debt has also increased sharply from 2025, making the balance sheet more dependent on improved operating performance or additional capital and increasing the difficulty of funding durable growth internally.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive TTM Cash Flow
Positive operating and free cash flow provide some evidence that the business generated cash during the latest twelve-month period. If sustained, this could support working capital and reduce reliance on external funding, although the current contribution remains modest relative to the company’s debt.
Read all positive factors
Sono Group (SSM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.14M
Dividend YieldN/A
Average Volume (3M)5.37M
Price to Earnings (P/E)―
Beta (1Y)1.70
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees15
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Manufacturers
Share Statistics
EPS (TTM)-6.00
Shares Outstanding1,708,334
10 Day Avg. Volume7,898,477
30 Day Avg. Volume5,367,340
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 Cap1.73
Enterprise Value/Revenue46.78
Enterprise Value/Gross Profit144.41
Enterprise Value/Ebitda-2.02
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
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Dec 2023 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 263.83K | 149.00K | 0.00 | 42.00K | 229.00K | 16.00K |
| Gross Profit | 85.47K | 57.00K | 0.00 | -28.00K | -163.00K | -42.00K |
| EBITDA | -6.10M | -7.67M | 65.04M | -26.84M | -181.70M | -60.08M |
| Net Income | -7.86M | 4.01M | 65.03M | -45.71M | -183.70M | -63.95M |
Balance Sheet | ||||||
| Total Assets | 4.35M | 1.67M | 3.05M | 9.55M | 57.47M | 147.30M |
| Cash, Cash Equivalents and Short-Term Investments | 145.13K | 241.97K | 1.35M | 7.41M | 30.84M | 138.95M |
| Total Debt | 4.97M | 674.23K | 24.66M | 26.31M | 34.87M | 6.83M |
| Total Liabilities | 6.79M | 1.80M | 25.73M | 97.24M | 100.98M | 63.86M |
| Stockholders Equity | -2.44M | -125.68K | -22.68M | -87.69M | -43.51M | 83.44M |
Cash Flow | ||||||
| Free Cash Flow | 461.54K | -6.17M | -14.77M | -15.26M | -186.82M | -48.79M |
| Operating Cash Flow | 474.43K | -6.17M | -14.69M | -11.42M | -139.59M | -47.14M |
| Investing Cash Flow | -4.98M | 0.00 | 1.23M | -11.32M | -47.24M | -1.65M |
| Financing Cash Flow | 9.64M | 5.17M | 7.00M | 6.00K | 83.01M | 138.56M |
Sono Group Technical Analysis
Positive
2.64
Price Trends
2.67
Negative
3.32
Negative
5.03
Negative
Market Momentum
-0.30
Negative
59.54
Neutral
52.66
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SSM, the sentiment is Positive. The current price of 2.64 is above the 20-day moving average (MA) of 1.76, below the 50-day MA of 2.67, and below the 200-day MA of 5.03, indicating a neutral trend. The MACD of -0.30 indicates Negative momentum. The RSI at 59.54 is Neutral, neither overbought nor oversold. The STOCH value of 52.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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.
Any trading in our ordinary share during the term of the Self-Administration Proceedings is highly speculative and poses substantial risks. Q4, 2022
2.
The Company's visibility, credibility, stock price, and trading volume, as well as investor confidence, may further decrease as a result of the Nasdaq Hearings Panel's decision to delist the Company's securities from Nasdaq and the anticipated completion of such delisting. 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% | |
56 Neutral | $82.36M | -0.72 | -30.09% | ― | ― | ― | |
52 Neutral | $20.70B | -5.54 | -67.49% | ― | 14.21% | 20.20% | |
50 Neutral | $8.88B | -19.27 | -10.72% | ― | 28.99% | 24.33% | |
46 Neutral | $7.14M | -0.39 | 9999.00% | ― | ― | ― | |
41 Neutral | $1.03B | -0.36 | 39.95% | ― | 17.58% | 50.60% | |
41 Neutral | $67.10M | -1.21 | 658.45% | ― | ― | ― |
* Consumer Cyclical Sector Average
SSM
Sono Group
2.64
-5.92
-69.18%
KNDI
Kandi Technologies
0.82
-0.45
-35.43%
XPEV
XPeng, Inc. ADR
9.25
-14.38
-60.85%
PSNY
Polestar Automotive Holding UK
6.23
-22.50
-78.31%
RIVN
Rivian Automotive
14.30
0.80
5.93%
SEV
Aptera Motors Corp. Class B
1.66
-4.19
-71.66%
Sono Group Corporate Events
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Sono Group Plans Sports-Focused Business Combination Vehicle
Positive
Aug 31, 2026
On August 31, 2026, Sono Group N.V. entered into a share purchase agreement with private investors for 283,500 ordinary shares, representing 19.9% of its outstanding stock, at the prior day’s Nasdaq closing bid, with proceeds earmarked for w...
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.