Merus Power

4.30 EUR

0.00 %

2,267 following

MERUS

First North Finland

Electrical Equipment

Industrials

Overview

Financials & Estimates

Investor consensus

0.00 %

+1.65 %

-1.60 %

-4.44 %

-14.00 %

-24.56 %

-28.45 %

-

-37.14 %

Merus Power operates in the industrial sector. The company specializes in electrical engineering, designing technology for energy efficiency, operational and environmental performance. The company delivers battery energy storage systems, power quality solutions and services. The customer base consists of players in industry, power generation and renewable energy. The company operates on a global level with headquarters in Ylöjärvi.

Market cap

35.33M EUR

Turnover

2.32K EUR

P/E (adj.) (26e)

230.72

EV/EBIT (adj.) (26e)

29.02

P/B (26e)

3.35

EV/S (26e)

0.68

Dividend yield-% (26e)

-

Coverage

Recommendation

Accumulate

Target price

4.70 EUR

Updated

05.02.2026

Analyst

Latest research

Latest analysis report

Released: 06.02.2026

Latest extensive report

Released: 18.03.2025

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar

19.3

2026

General meeting '26

20.8

2026

Interim report Q2'26

Risk

Business risk

Valuation risk

Low

High

All

Research

Press releases

ShowingAll content types

Regulatory press release2/19/2026, 8:15 AM

Notice to the Annual General Meeting of Merus Power Plc

Regulatory press release2/19/2026, 8:00 AM

Merus Power Plc's Annual Report, Sustainability Statement, Remuneration Report 2025 and updated Remuneration Policy published

Merus Power Q4'25: Rapid growth, profitability starting to awaken

Research2/6/2026, 8:58 AM by

Merus Power Q4'25: Rapid growth, profitability starting to awaken

If the profitability turnaround progresses, valuation multiples would decline rapidly.

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Merus Power H2'25 flash comment: High revenue, earnings in line with expectations

Analyst Comment2/5/2026, 8:05 AM by

Merus Power H2'25 flash comment: High revenue, earnings in line with expectations

Operational profitability turned positive, but the relative margin level is low.

Regulatory press release2/5/2026, 6:30 AM

Merus Power Plc’s Financial Statements Bulletin January 1–December 31, 2025: Profitability improved, strong growth continued

Merus Power H2’25 preview: Focus on the profitability turnaround

Analyst Comment1/30/2026, 5:15 AM by

Merus Power H2’25 preview: Focus on the profitability turnaround

Revenue growth prospects for the coming years are moderately good, but further evidence of a profitability turnaround is still needed.

Merus Power: New order supports growth outlook for current year

Analyst Comment1/28/2026, 7:31 AM by

Merus Power: New order supports growth outlook for current year

The order facilitates providing upward-trending growth guidance.

Regulatory press release1/27/2026, 2:00 PM

Insider information: Merus Power to supply Neve Oy with energy storage, order value EUR 13 million

Merus Power: Orders point to slowdown in growth

Research1/12/2026, 9:42 AM by

Merus Power: Orders point to slowdown in growth

Individual energy storage orders can have a significant impact on the growth rate.

Regulatory press release12/8/2025, 8:00 AM

A total of 100,000 new shares in Merus Power Plc registered with the Trade Register

Regulatory press release11/24/2025, 1:00 PM

The board of directors of Merus Power Plc resolved on a directed share issue against payment as part of the administration of the company’s incentive plan

Merus Power: Loan agreement supports visibility for growth financing

Analyst Comment11/19/2025, 9:33 AM by

Merus Power: Loan agreement supports visibility for growth financing

The loan covers the working capital required for energy storage-driven growth.

Press release11/18/2025, 12:00 PM

Merus Power and Nefco agree on a EUR 5 million loan to accelerate growth and internationalization in the energy storage market

Merus Power: Significant order keeps good growth outlook on track

Analyst Comment11/3/2025, 10:21 AM by

Merus Power: Significant order keeps good growth outlook on track

The order supports the growth outlook and provides confirmation of the company's competitiveness in a changing market.

Regulatory press release10/31/2025, 5:00 PM

Inside information: Merus Power to deliver EUR 17 million energy storage system to Exilion

Regulatory press release10/10/2025, 4:15 PM

Merus Power Plc: Notification in accordance with chapter 9, section 10 of the Securities Market Act on a change in holdings – Ahlström Invest B.V

Regulatory press release9/19/2025, 9:00 AM

Merus Power Plc: Subscription of shares with option rights 2021

Merus Power H1'25: Story progresses one step at a time

Research8/22/2025, 8:00 AM by

Merus Power H1'25: Story progresses one step at a time

The company continues to focus on enhancing production efficiency and expanding its customer base in new markets.

Merus Power H1’25 flash comment: Revenue recognized clearly above expectations

Analyst Comment8/21/2025, 8:09 AM by

Merus Power H1’25 flash comment: Revenue recognized clearly above expectations

H1 was clearly stronger than expected in terms of revenue and earnings, but there have been no major changes in the full-year 2025 outlook.

Regulatory press release8/21/2025, 6:00 AM

Merus Power Plc's Half-year Report January 1-June 30, 2025: Profitability improved, strong growth continued

Forum discussions

I didn’t expect such a significant order from Finland, at least not right at the start of the year.. 30% of the annual revenue before January is even wrapped up. If deals can be closed abroad, then revenue growth looks more than likely.

1/27/2026, 2:30 PM

by Simo Hijoittaja

11

The pluses of yesterday’s interesting earnings day: Revenue (even exceeding my own 50m estimate) Guidance (still good growth) Orders are still trickling in nicely And then the one big minus: Profitability I personally expected better with that revenue and started to doubt the famous...

2/6/2026, 3:51 PM

by LAdockofthebay

7

Inderes Merus Power Oyj:n tilinpäätöstiedote 1.1.–31.12.2025: Kannattavuus parani,... 5.2.2026 08:30:01 EET | Merus Power Oyj | TilinpäätöstiedoteSuluissa esitetyt luvut viittaavat edellisen vuoden vastaavaan ajanjaksoon, ellei toisin ilmoiteta. Tilinpäätöstiedotteen luvut ovat.....

2/5/2026, 7:22 AM

by Af Ämbar

7

CEO Kari Tuomala was interviewed by Pauli immediately after the H2 results were released. Inderes Merus Power H2’25: Kasvu jatkui - Inderes Aika: 05.02.2026 klo 16.04 Merus Power jatkoi kasvua ja paransi kannattavuuttaan skaalautumisen, sähkövarastotoimitusten sekä sähkönlaaturatkaisujen...

2/5/2026, 4:15 PM

by Sijoittaja-alokas

5

Here is a company report on Merus from Pauli. Merus Power’s H2 report was in line with expectations regarding key figures thanks to strong revenue, although the gross margin fell short of our expectations. Production has been made to function efficiently, and relatively large energy...

2/7/2026, 1:29 PM

by Sijoittaja-alokas

4

Here are Pauli’s comments on Merus’s new order. The new significant energy storage project improves visibility for revenue growth during 2026. Our growth estimate is quite moderate (6%) and there could be upward pressure, especially if the company receives more significant orders...

1/28/2026, 7:57 AM

by Sijoittaja-alokas

4

Battery prices are really dropping: Alpiq order 36MWh approx. 20 million, Exilion 66MWh approx. 17 million, and now 80MWh for Neve for 13 million.

1/28/2026, 6:50 AM

by Ekiii

3

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