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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.

Solar Foods

5.12 EUR+1.99 %7.9, 9.56
Less than 1K followers

SFOODS

First North Finland

Food Producers

Consumer Goods & Services

Overview
Financials & Estimates
Investor views
Compare
+1.99 %
+4.49 %
+6.67 %
+18.24 %
+9.52 %
-7.41 %
-
-
-56.61 %

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.

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Market cap
153.77M EUR
Turnover
4.71K EUR
P/E (adj.) (26e)
-12.2
EV/EBIT (adj.) (26e)
-12.58
P/B (26e)
6
EV/S (26e)
130.47
Dividend yield-% (26e)
-
Coverage
Recommendation
Accumulate
Target price
6.00 EUR
Updated
12.08.2026
Disclaimer
Thomas Westerholm
Thomas Westerholm

Analyst

Latest research

Latest analysis report

Released: 12.08.2026

Latest extensive report

Released: 12.09.2024

Revenue and EBIT-%
EPS and dividend
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Forum discussions
Good point, I’ll keep that in mind. In the analysis, I used both terms. As a consumer, however, the term “whey” has annoyingly become ingrained in my own vocabulary over the years, and unlearning it has proven surprisingly difficult.
8/12/2026, 1:08 PM
by Thomas Westerholm
7
Thanks @Thomas_Westerholm for the good interview and the new analysis. A bit of feedback: “Whey-proteiini” (unless this refers to some competing brand) is a term that has only been half-translated. It should be heraproteiini (whey protein). Whey protein is available in concentrate...
8/12/2026, 8:10 AM
by jasso
7
The CEO’s sales pitch certainly resonated with me like a warm stream in a snowdrift. Looking good!
8/11/2026, 11:48 AM
7
Here are Thomas’s comments on Solar Foods’ H1 results In terms of figures, Solar Foods’ H1 report was slightly weaker than our expectations. However, we do not believe the current share price fully reflects the company’s improved financial position, the approaching sales permits ...
8/12/2026, 7:51 AM
by Sijoittaja-alokas
6
Recent news from Helsingin Sanomat: Business Finland myönsi jättipotin yhtiölle, joka tekee ilmasta ruokaa | HS.fi
6/18/2026, 10:25 AM
by Koala
6
Here are Thomas’s comments regarding the funding Solar Foods received for the Factory 02 plant investment. Solar Foods announced on Wednesday that Business Finland has granted the company a total of EUR 77.8 million in funding for the construction and commissioning of the Factory...
6/18/2026, 6:10 AM
by Sijoittaja-alokas
6
No Whey Around It: What Whey Protein Shortages Mean For Food Brands I don’t think this has been posted here yet. A Forbes article from 2 months ago about the whey protein supply issue. The company shared this on their social media today. Solar Foods is mentioned by name.
8/19/2026, 12:02 PM
4
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Regulatory press release31.08.2026, 13.37

Solar Foods Oyj: Managers' Transactions – Petra Teräsaho

Solar Foods
Regulatory press release31.08.2026, 13.35

Solar Foods Oyj: Managers' Transactions – Sebastian Jägerhorn

Solar Foods
Regulatory press release31.08.2026, 13.30

Solar Foods Oyj: Managers' Transactions – Paula Laine

Solar Foods

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Regulatory press release31.08.2026, 13.30

Solar Foods Oyj: Managers' Transactions – Jukka Moisio

Solar Foods
Regulatory press release27.08.2026, 07.45

Solar Foods Oyj: Subscription of shares with option rights 2/2024 and 2020B

Solar Foods
Regulatory press release13.08.2026, 08.15

Solar Foods Oyj: Solar Foods decided on a Directed Share Issue without Consideration Related to Board Remuneration

Solar Foods
Solar Foods H1'26: Factory 02 investment decision looms
Research12.08.2026, 10.30 by
Thomas Westerholm

Solar Foods H1'26: Factory 02 investment decision looms

Solar Foods' H1 report was, in light of the figures, slightly weaker than we expected. However, in our view, the current share price does not fully reflect the company's improved financial position, the approaching sales permits for Solein, and the confirmed supply agreements for Factory 02.

Solar Foods
Press release11.08.2026, 17.38

DNB Carnegie Access: Solar Foods: Several boxes still to tick – H1 review

Solar Foods
Solar Foods, Webcast, Q2'26
Webcast11.08.2026, 11.00

Solar Foods, Webcast, Q2'26

Solar Foods
Press release11.08.2026, 10.03

DNB Carnegie Access: Solar Foods: H1 initial comment: F02 plan solid, order book down

Solar Foods
Regulatory press release11.08.2026, 08.30

Solar Foods Oyj half-year report January–June 2026: Significant steps towards scaling of production

Solar Foods
Solar Foods H1'26 preview: First steps of commercialization and approval processes in focus
Analyst Comment07.08.2026, 08.09 by
Thomas Westerholm

Solar Foods H1'26 preview: First steps of commercialization and approval processes in focus

On the report, our attention is particularly drawn to the first steps of Solein's commercialization in the United States, the progress of regulatory approvals, and the advancement of the industrial-scale Factory 02.

Solar Foods
Press release03.08.2026, 10.00

Solar Foods will publish its half-year report for January-June 2026 on Tuesday 11 August 2026

Solar Foods
Press release24.07.2026, 13.25

DNB Carnegie Access: Solar Foods: Key potential milestones ahead – H1 preview

Solar Foods
Regulatory press release03.07.2026, 10.15

Solar Foods Oyj: Managers' Transactions – Rami Jokela

Solar Foods
Regulatory press release02.07.2026, 08.00

The Board of Directors of Solar Foods Oyj resolved on a new stock option plan 1/2026 and the issuance of option rights to the company’s key personnel

Solar Foods
Solar Foods secured 78 MEUR in funding for the Factory 02 investment
Analyst Comment18.06.2026, 07.33 by
Thomas Westerholm

Solar Foods secured 78 MEUR in funding for the Factory 02 investment

The funding decisions consist of a 39.6 MEUR grant and a 38.1 MEUR R&D loan.

Solar Foods
Press release18.06.2026, 06.52

DNB Carnegie Access: Solar Foods: Granted EUR77.8m in funding for Factory 02

Solar Foods
Regulatory press release17.06.2026, 13.30

Inside information: Solar Foods receives EUR 77,8 million grant and loan financing for the construction and commissioning of Factory 02

Solar Foods
Press release05.06.2026, 08.30

Solar Foods receives an order for Solein® in the United States

Solar Foods