Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markeder
    • Aktieoversigt
    • Finanskalender
    • Dividends Calendar
    • Research
    • Artikler
  • InderesTV
  • Forum
  • Om os
    • Fulgte selskaber
    • Team
Analytikerkommentar

Metacon secures contract for wind power-to-hydrogen pilot plant

Af Lucas MattssonAnalytiker
14.05.2025, 19.45
Metacon

Metacon has announced that it has secured a contract for a wind power-to-hydrogen pilot plant, valued at roughly 20 MSEK. The contract is, of course, encouraging and supports the realization of our estimates that assume also further orders for the company in 2025. We will update our estimates in connection with the company's Q1 report which is set to be released tomorrow.

In March 2025, Metacon communicated that it was in the final stages of negotiations for a wind-to-hydrogen production project based on electrolysis, valued at roughly 20 MSEK. Today, the company confirmed that it has been awarded the contract, which includes the delivery of a 1 MW pressurized alkaline electrolysis plant to a major renewable energy player in Morocco. Although the customer's identity is being kept secret, the press release describes them as one of the largest wind power investors in Africa, with approximately 2,000 MW of renewable energy assets. The electrolysis plant will be delivered as a turnkey, containerized system directly to the customer’s site.

Strong order momentum

The deal relates to a pilot project and is a preliminary step and preparation for upcoming industrial production plants. In our view, this signals the potential for follow-on orders of greater scale. However, the potential scale of orders resulting from this pilot project is uncertain, but if successful, it could help the company achieve a broader commercial reach. Despite its rather modest size relative to our revenue forecasts of 277 MSEK in 2025 and 634 MSEK in 2026, we see the order as an encouraging sign. It strengthens the investment case for Metacon and provides further validation of the company's technology. We will update our estimates in connection with the company's Q1 report which is set to be released tomorrow.

Metacon

0,18SEK14.05.2025, 18.00
0,16SEKKursmål
Akkumulér
Anbefaling opdateret:05.03

Metacon is an energy technology company that develops and sells small and large energy systems for the production of hydrogen, electricity and heat. The company was founded in 2011 and has patented technology for the production of hydrogen gas from biogas or other hydrocarbons. The range consists, for example, of gas stations and larger CHP systems. The company has its headquarters in Örebro.

Read more on company page

Key Estimate Figures05.03

202425e26e
202425e26e
Omsætning40,4277,5633,8
vækst-%-32,8 %586,8 %128,4 %
EBIT (adj.)-123,8-49,7-43,9
EBIT-% (adj.)-306,4 %-17,9 %-6,9 %
EPS (adj.)-0,19-0,05-0,05
Udbytte0,000,000,00
Udbytte %
P/E (adj.)neg.neg.neg.
EV/EBITDAneg.neg.neg.
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Tag kontakt
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • Om os
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Servicevilkår
  • Privatlivspolitik
  • Disclaimer
Inderes’ ansvarsfraskrivelse kan findes her. Detaljeret information om hver aktie, der aktivt overvåges af Inderes og HC Andersen Capital, er tilgængelig på de virksomhedsspecifikke sider på Inderes' hjemmeside. © Inderes Oyj. All rights reserved.

  • Latest
  • Markeder
    • Aktieoversigt
    • Finanskalender
    • Dividends Calendar
    • Research
    • Artikler
  • InderesTV
  • Forum
  • Om os
    • Fulgte selskaber
    • Team

Privatlivspræferencer

Inderes bruger cookies for at give en bedre brugeroplevelse og en personlig service. Ved at give samtykke til brugen af cookies kan vi udvikle en endnu bedre service og vil kunne levere indhold, der er interessant for dig.