Solar Foods

4.94 EUR

+1.54 %

Less than 1K followers

SFOODS

First North Finland

Food Producers

Consumer Goods & Services

Overview

Financials & Estimates

Investor consensus

+1.54 %

+5.67 %

+6.35 %

-10.99 %

-13.64 %

+9.90 %

-

-

-58.14 %

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.

Market cap

147.63M EUR

Turnover

82.15K EUR

P/E (adj.) (25e)

-11.08

EV/EBIT (adj.) (25e)

-14.22

P/B (25e)

7.17

EV/S (25e)

414.18

Dividend yield-% (25e)

-

Coverage

Recommendation

Reduce

Target price

5.30 EUR

Updated

15.08.2025

Thomas Westerholm

Analyst

Latest research

Latest analysis report

Released: 15.08.2025

Latest extensive report

Released: 12.09.2024

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar

26.2

2026

Annual report '25

31.3

2026

General meeting '26

11.8

2026

Interim report Q2'26

Risk

Business risk

Valuation risk

Low

High

All

Research

Webcasts

Press releases

ShowingAll content types

Regulatory press releaseyesterday

Solar Foods Oyj’s new shares have been registered with the Trade Register

Solar Foods raised about 25 MEUR through directed share issue to advance Factory 02 project

Analyst Comment1/23/2026, 8:35 AM by

Thomas Westerholm

Solar Foods raised about 25 MEUR through directed share issue to advance Factory 02 project

Solar Foods announced on Thursday that it had successfully completed a directed share issue, through which the company raised gross proceeds of approximately 25 MEUR.

Regulatory press release1/22/2026, 11:20 PM

Inside information: Solar Foods Oyj successfully completes a directed share issue of 5,154,691 new shares raising approximately EUR 25 million

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Regulatory press release1/22/2026, 4:30 PM

Inside information: Solar Foods announces intention of a private placement of shares and has entered into agreements with GEA to negotiate delivery of F02 process equipment and strategic partnership

Ambrosia Collective brings Solein-based protein to US market

Analyst Comment1/13/2026, 7:23 AM by

Thomas Westerholm

Ambrosia Collective brings Solein-based protein to US market

The companies plan to launch a protein powder made from Solein in the first quarter of 2026.

Press release1/12/2026, 8:00 AM

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

Lappeenranta confirmed as location for Factory 02 project

Analyst Comment12/17/2025, 7:56 AM by

Lappeenranta confirmed as location for Factory 02 project

Factory 02 will be the company's first large-scale facility, increasing its production capacity from the current 160 tons to 6,400 tons annually.

Press release12/16/2025, 7:30 AM

Solar Foods has chosen Lappeenranta as the location for Factory 02

Regulatory press release12/15/2025, 7:30 PM

Correction: Solar Foods’ financial reporting and Annual General Meeting in 2026

Regulatory press release12/15/2025, 5:15 PM

Solar Foods’ financial reporting and Annual General Meeting in 2026

Regulatory press release12/12/2025, 9:00 AM

Solar Foods appoints Godert Zijlstra as Chief Commercial and Product Officer

Press release12/10/2025, 7:30 AM

The Japanese food company Ajinomoto launches Solein®- powered pastries in Singapore

Regulatory press release11/28/2025, 3:30 PM

Solar Foods Oyj announces the resignation of Vice Chair Jari Tuovinen and the appointment of Pasi Vainikka as the new Vice Chair

Press release11/19/2025, 7:30 AM

Pothos introduces Solein®-powered protein products to consumers in the United States

Solar Foods: Fermenta releases limited batch of Solein protein bars in the United States

Analyst Comment11/13/2025, 8:19 AM by

Thomas Westerholm

Solar Foods: Fermenta releases limited batch of Solein protein bars in the United States

Solar Foods: Fermenta releases limited batch of Solein protein bars in the United States.

Press release11/12/2025, 7:30 AM

Fermenta will introduce Solein®-powered protein bars in the United States

Solar Foods makes progress in space business

Analyst Comment11/4/2025, 7:43 AM by

Thomas Westerholm

Solar Foods makes progress in space business

Solar Foods is taking a step towards the space business by collaborating with the European Space Agency (ESA) and OHB System AG.

Press release11/3/2025, 10:10 AM

Solar Foods to develop Solein® production technology for testing onboard the International Space Station

Press release10/28/2025, 10:30 AM

The Japanese food giant Ajinomoto launches Coffee drink made with Solein®

The ramp-up of production at Solar Foods' 01 production facility progresses as expected

Analyst Comment10/21/2025, 7:13 AM by

Thomas Westerholm

The ramp-up of production at Solar Foods' 01 production facility progresses as expected

The improvement achieved with Solar Foods' current production capacity has a limited impact on the company's potential revenue or margin, but for the industrial-scale Factory 02, the ability to prove the scalability of Solein production plays a critical role in the investment case.

Forum discussions

Daniel and Thomas discussed Solar Foods in relation to recent news. Inderes Solar Foods: Rahoitus varmistettu - mitä seuraavaksi? - Inderes Aika: 23.01.2026 klo 19.19 Solar Foods keräsi onnistuneesti 25 MEUR:n bruttovarat suunnatulla osakeannilla Factory 02 -tuotantolaitoksen rahoituksen...

1/23/2026, 7:53 PM

by Sijoittaja-alokas

5

Here are Thomas’s comments on how Solar Foods succeeded in its directed share issue. Solar Foods announced on Thursday that it has successfully completed a directed share issue, through which the company raised gross proceeds of approximately EUR 25 million. The issue was carried...

1/23/2026, 8:52 AM

by Sijoittaja-alokas

5

AI went through your link and had this to say. I don’t have the expertise myself. Is there anything negative in this? A negative perspective can only be found in certain scenarios, and they mostly arise in discussions (e.g., on the Inderes forum or other places): Risk of hemoglobin...

1/23/2026, 3:23 PM

by makuasia

4

I guess you didn’t try very hard? Scroll up this discussion to September 2024, and you’ll be able to read about it. There was a lot of discussion about it here, on Nordnet, in Solar Foods’ CMD, on Karo’s Grill, etc. Thomas also likely interviewed the CEO on the topic. The problem...

1/23/2026, 1:08 PM

by OsakasOssi

4

Intake recommendations refer to the amount of iron consumed. Not the amount absorbed. This is because so many factors affect absorption, ranging from individual differences to the substance consumed. In other words, the limit considered safe for consuming iron is that 45mg/day.

1/23/2026, 2:43 PM

by OsakasOssi

2

In my opinion, the iron problem was mainly in one user’s head. I couldn’t find anything where iron was mentioned as a problem.

1/23/2026, 12:50 PM

by makuasia

2

In a comment I wrote in this thread, I have linked to a very extensive scientific study on iron (and other trace elements): A source doesn’t get much more authoritative than that. Edit. Apparently that link to the book is broken. I’m linking directly to the section of the book where...

1/23/2026, 2:46 PM

by OsakasOssi

1

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