contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment CompanyTagList on Company {
  pageUrl
  name
  viewerIsFollowing
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    ...CompanyTagList
    id
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      name
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
      id
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    id
    name
    pageUrl
    viewerIsFollowing
    defaultInstrument {
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      name
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


solar-foods-agreement-with-kelpeat-is-a-step-towards-strengthening-soleins-recognition

__typename

title

isPremium

lang

htmlBody

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analytiker

Thomas Westerholm

Solar Foods established in 2017 is a global leader in sustainable protein production, solving the global food production problem by offering a completely new alternative to existing animal and plant proteins.

Solar Foods’ first product is the naturally occurring single-cell protein Solein®, which can be used as a food raw material with high protein content. In the long run, Solein production will improve global availability of protein and increase price and quality stability of food raw materials by disconnecting food production from agriculture.

Solar Foods

Due to KelpEat's small scale, the news has a limited impact on Solar Foods' investment story, but in our view, it is a step in the right direction to strengthen Solein's recognition in the key US market.

Translation: Original published in Finnish on 5/16/2025 at 7:13 am EEST.
Due to KelpEat&apos;s small scale, the news has a limited impact on Solar Foods&apos; investment story, but in our view, it is a step in the right direction to strengthen Solein&apos;s recognition in the key US market. At the same time, the exclusive right granted to the company to sell seaweed-based products containing Solein may also be a sign of the structure of Solar Foods&apos; future supply agreements. The news does not trigger forecast changes, but in our view, it brings additional visibility to the progress of Solein&apos;s commercialization.
The 0.5 MEUR contract corresponds to management&apos;s expectations for Solein&apos;s price point
Yesterday, Solar Foods announced that it had signed a 0.5 MEUR supply agreement with KelpEat. KelpEat is a small Italian food technology company that presented Solein-based protein cookies in February at the Pitti Taste event in Florence, Italy. The agreement includes a conditional commitment to purchase up to 27 tons of Solein between Q3&apos;2025 and Q2&apos;2028, and it grants KelpEat exclusivity for seaweed-based products containing Solein if the terms of the agreement are met. The agreement prices Solein at approximately EUR 18.5 per kilogram, which corresponds to Solar Foods&apos; expectations indicated at the Capital Markets Day regarding the product&apos;s price point and provides one confirmation of the demand for Solein at a good price level. In our view, the agreement is a step towards strengthening the awareness and visibility of Solein in the United States, but for the upcoming Factory 02 investment, Solar Foods needs to convince significantly larger parties of Solein&apos;s competitiveness as a product.

Inderes

Solar Foods' agreement with KelpEat is a step towards strengthening Solein's recognition

	2024	25e	26e
Omsætning	0,0	0,5	2,3
vækst-%	275,5 %	2.741,3 %	331,2 %
EBIT (adj.)	-8,9	-9,2	-11,9
EBIT-% (adj.)	-47.635,3 %	-1.721,2 %	-520,8 %
EPS (adj.)	-0,45	-0,42	-0,51
Udbytte	0,00	0,00	0,00
Udbytte %
P/E (adj.)	neg.	neg.	neg.
EV/EBITDA	neg.	296,2	neg.

Solar Foods

Key Estimate Figures28.02