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Merus Power

4.78 EUR-0.83 %10.7, 17.29
2,311 following

MERUS

First North Finland

Electrical Equipment

Industrials

Overview
Financials & Estimates
Investor consensus
Compare
-0.83 %
+12.21 %
+16.59 %
+8.64 %
+9.38 %
-2.45 %
-12.45 %
-48.04 %
-30.13 %

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.

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Market cap
39.28M EUR
Turnover
25.29K EUR
P/E (adj.) (26e)
256.48
EV/EBIT (adj.) (26e)
31.84
P/B (26e)
3.72
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
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Forum discussions
The ketchup bottle is open! (ketsuppipullo auki) Great news for the company moving toward growth and positive cash flow. Tärkeimmät talousuutiset | Kauppalehti – 30 Jun 26 Sisäpiiritieto: Merus Power solmi yli 8 miljoonan euron sähkövarastokaupan... Tärkeimmät ajankohtaiset talousuutiset...
6/30/2026, 3:59 PM
by Janne
20
I find the most significant part of this news to be that this is already the third delivery to the same customer. Satisfied customers return; those who have burned their fingers, not so much. The customer likely puts deliveries of this size out to tender for every acquisition, unless...
7/1/2026, 10:25 AM
by Karibu
18
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
13
When Kempower rallied from the €10 level to €50, its strength lay in modular and scalable serial production, whereas Merus Power has focused more on project-specific and customized solution deliveries. Now that Merus’s experience and order backlog have grown, and the same customers...
7/1/2026, 10:53 AM
by Competizione
9
sttinfo.fi Merus Power toimittaa Siemens Mobility Denmarkille sähkönlaaturatkaisun... Merus Power toimittaa Merus® STATCOM -kompensaattorin Siemens Mobility Denmarkille. Siemens Mobility on yksi maailman johtavista raideliikenteen kaluston, infrastruktuurin, palveluiden ja digitaalisten...
6/29/2026, 5:40 PM
by Cadel
9
Here are Tommi’s comments regarding the significant order received by Merus Power. Merus Power signed a deal worth over EUR 8 million with Exilion for the delivery of energy storage. This is the company’s third delivery to Exilion and the latest addition to the brisk order flow seen...
7/1/2026, 7:11 AM
by Sijoittaja-alokas
8
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Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

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Financial calendar
20.8
2026

Interim report Q2'26

Another substantial energy storage order for Merus Power
Analyst Comment01.07.2026, 08.14 by
Tommi Saarinen

Another substantial energy storage order for Merus Power

This is the company's third delivery to Exilion and the latest addition to the strong order flow seen early in the year.

Merus Power
Regulatory press release30.06.2026, 17.45

Insider Information: Merus Power signs over 8 million euro battery energy storage deal with Exilion – project strengthens the company’s position as a technology partner for hybrid power plants

Merus Power
Press release29.06.2026, 18.45

Merus Power is supplying Siemens Mobility Denmark with a power quality solution for a battery-powered train charging station

Merus Power

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Significant electric storage order for Merus Power in Finland
Analyst Comment17.06.2026, 07.56 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 release16.06.2026, 12.06

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 Comment04.06.2026, 07.46 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
Press release03.06.2026, 11.57

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

Merus Power
Regulatory press release16.04.2026, 14.00

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 Comment24.03.2026, 08.52 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 release19.03.2026, 17.15

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 release19.03.2026, 13.34

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
Video11.03.2026, 11.27 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 Comment11.03.2026, 07.54 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 release10.03.2026, 09.30

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

Merus Power
Regulatory press release10.03.2026, 07.30

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 research23.02.2026, 13.58 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 release19.02.2026, 09.15

Notice to the Annual General Meeting of Merus Power Plc

Merus Power
Regulatory press release19.02.2026, 09.00

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
Research06.02.2026, 09.58 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 Comment05.02.2026, 09.05 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