• Forum
  • Stock Markets
    • MarketsLive prices, indices, and market performance
    • Stock CalendarUpcoming earnings, listings, and corporate events
    • Dividends CalendarFuture and past dividends
  • Companies
    • CompaniesBrowse and filter the full list of listed companies
    • DiscoveryInspiration for your next investment
    • IPOsNew listings and upcoming public offerings
    • AGM InvitationsAnnual general meeting dates and shareholder info
  • Stock Research
    • ResearchExpert stock analysis and recommendations
    • ArticlesNews, insights, and market commentary
    • inderesTVVideo hub for stock research, analysis, and expert commentary
    • TranscriptsFull text records of earnings calls and investor meetings
    • Stock ComparisonCompare financials and performance across multiple stocks
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer

Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Merus Power

4.74 EUR

0.00 %

2,293 following

MERUS

First North Finland

Electrical Equipment

Industrials

Overview
Financials & Estimates
Investor consensus
Compare
0.00 %
+8.97 %
+8.97 %
+8.47 %
+8.22 %
-5.20 %
-5.95 %
-40.60 %
-30.71 %

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.

Read more
Market cap
38.95M EUR
Turnover
9.6K EUR
P/E (adj.) (26e)
254.33
EV/EBIT (adj.) (26e)
31.6
P/B (26e)
3.69
EV/S (26e)
0.74
Dividend yield-% (26e)
-
Coverage
Recommendation
Accumulate
Target price
4.70 EUR
Updated
23.02.2026
Disclaimer
Pauli Lohi
Pauli Lohi

Analyst

Latest research

Latest analysis report

Released: 23.02.2026

Latest extensive report

Released: 23.02.2026

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
Low
High
All
Research
Press releases
ShowingAll content types

Forum discussions
sttinfo.fi Merus Power ja CATL sähkövarastoyhteistyöhön Pohjois-Euroopassa. | Merus... Merus Power Oyj ja Contemporary Amperex Technology Co., Limited, CATL, ovat allekirjoittaneet strategisen yhteistyösopimuksen, joka koskee noin 3 GWh sähkövarastoratkaisujen toimituksia Pohjois...
6/3/2026, 10:01 AM
by Cadel
15
Merus Power Oyj Tiedotteet Archive - Merus Power Oyj Merus Power has signed an agreement with wpd Söderskogen Vindpark Oy for a 30 MW / 60 MWh energy storage project in Finland. The value of the agreement is approximately EUR 10 million. The contract includes the delivery of the ...
6/16/2026, 10:09 AM
by Cadel
12
sttinfo.fi Merus Power toimittaa yli 2 miljoonan euron sähkövaraston Savon Voimalle... Merus Power on tehnyt sopimuksen Savon Voima Oy:n kanssa 5 MW/10 MWh:n sähkövarastosta. Merus Powerin toimituksen arvo on yli 2 miljoonaa euroa. Sähkövarasto toimitetaan Juankoskelle Kuopioon vuoden...
3/24/2026, 6:02 AM
by Cadel
12
Here are Petri’s comments regarding Merus’s partnership agreement with CATL Merus Power announced on Wednesday that it has signed a strategic cooperation agreement with global battery manufacturer CATL for the delivery of approximately 3 gigawatt-hour (GWh) energy storage solutions...
6/4/2026, 5:22 AM
by Sijoittaja-alokas
6
Here are Petri’s comments regarding the fresh Söderskogen order received by Merus Power. Inderes – 17 Jun 26 Merus Powerille tuntuvan kokoinen sähkövarastotilaus Suomessa - Inderes Merus Power tiedotti tiistaina solmineensa noin 10 MEUR:n arvoisen sopimuksen wpd Söderskogen Vindpark...
6/17/2026, 6:24 AM
by Sijoittaja-alokas
5
It is fairly certain that electricity storage will grow. Especially short-term storage, i.e., solutions providing synthetic inertia, which Merus has to offer. Already, there are large motors idling in Ostrobothnia and Estonia because natural inertia is insufficient. Solar power and...
4/27/2026, 7:24 PM
4
Here are Pauli’s comments on the latest order received by Merus Inderes Merus Power: Pienehkö tilaus kirjoihin - Inderes Tilaus on pieni askel kohti kuluvan vuoden kasvuohjeistuksen saavuttamista.
3/24/2026, 9:03 AM
by Sijoittaja-alokas
3
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
20.8
2026

Interim report Q2'26

Significant electric storage order for Merus Power in Finland
Analyst Comment6/17/2026, 5:56 AM by
Petri Gostowski

Significant electric storage order for Merus Power in Finland

Merus Power announced on Tuesday that it had signed a contract worth approximately 10 MEUR with wpd Söderskogen Vindpark Oy.

Merus Power
Regulatory press release6/16/2026, 10:06 AM

Insider information: Merus Power strengthens its position in the energy storage market with a €10 million agreement with wpd

Merus Power
Merus Power signed a cooperation agreement with a global battery manufacturer
Analyst Comment6/4/2026, 5:46 AM by
Petri Gostowski

Merus Power signed a cooperation agreement with a global battery manufacturer

Merus Power announced on Wednesday that it had signed a strategic cooperation agreement with global battery manufacturer CATL.

Merus Power

Join Inderes community

Don't miss out - create an account and get all the possible benefits

Inderes account
Followings and notifications on followed companies
Analyst comments and recommendations
Stock comparison tool & other popular tools
Create account
Press release6/3/2026, 9:57 AM

Merus Power and CATL to collaborate on battery energy storage in Northern Europe.

Merus Power
Regulatory press release4/16/2026, 12:00 PM

Merus Power Plc launched a new performance period in the share-based incentive plan for key employees

Merus Power
Merus Power: Small order recorded
Analyst Comment3/24/2026, 7:52 AM by
Pauli Lohi

Merus Power: Small order recorded

The order is a small step toward achieving this year's growth guidance.

Merus Power
Regulatory press release3/19/2026, 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

Merus Power
Regulatory press release3/19/2026, 12:34 PM

Resolutions of the Annual General Meeting and constitutive meeting of the Board of Directors of Merus Power Plc

Merus Power
Merus Power: Growth story with profitable direction in sight16:03
Video3/11/2026, 10:27 AM by
Pauli Lohi, Isa Hudd

Merus Power: Growth story with profitable direction in sight

The extensive report on Merus Power is out now!

Merus Power
Merus Power: Order from Baltics promotes internationalization of energy storage
Analyst Comment3/11/2026, 6:54 AM by
Pauli Lohi

Merus Power: Order from Baltics promotes internationalization of energy storage

The order is also significant from the perspective of this year's growth.

Merus Power
Regulatory press release3/10/2026, 8:30 AM

Insider information: Merus Power receives significant energy storage order from Latvia

Merus Power
Regulatory press release3/10/2026, 6:30 AM

Merus Power Plc: Subscription of shares with option rights 2021

Merus Power
Merus Power Extensive Report: Growth story moving in a more profitable direction
Extensive research2/23/2026, 12:58 PM by
Pauli Lohi

Merus Power Extensive Report: Growth story moving in a more profitable direction

The profitability turnaround and the internationalization of energy storage sales are progressing gradually.

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

Notice to the Annual General Meeting of Merus Power Plc

Merus Power
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
Merus Power Q4'25: Rapid growth, profitability starting to awaken
Research2/6/2026, 8:58 AM by
Pauli Lohi

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

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

Merus Power
Merus Power H2'25 flash comment: High revenue, earnings in line with expectations
Analyst Comment2/5/2026, 8:05 AM by
Pauli Lohi

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

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

Merus Power
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
Merus Power H2’25 preview: Focus on the profitability turnaround
Analyst Comment1/30/2026, 5:15 AM by
Pauli Lohi

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
Merus Power: New order supports growth outlook for current year
Analyst Comment1/28/2026, 7:31 AM by
Pauli Lohi

Merus Power: New order supports growth outlook for current year

The order facilitates providing upward-trending growth guidance.

Merus Power