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Solar Foods

4.38 EUR

+1.15 %

Less than 1K followers
Corporate customer

SFOODS

First North Finland

Food Producers

Consumer Goods & Services

Overview
Financials & Estimates
Investor consensus
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+1.15 %
-5.60 %
-6.31 %
-11.52 %
-20.94 %
+31.53 %
-
-
-62.88 %

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
130.89M EUR
Turnover
31.91K EUR
P/E (adj.) (26e)
-9.49
EV/EBIT (adj.) (26e)
-8.63
P/B (26e)
3.14
EV/S (26e)
56.94
Dividend yield-% (26e)
-
Coverage
Recommendation
Reduce
Target price
5.30 EUR
Updated
27.02.2026
Disclaimer
Thomas Westerholm
Thomas Westerholm

Analyst

Latest research

Latest analysis report

Released: 27.02.2026

Latest extensive report

Released: 12.09.2024

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
31.3
2026

General meeting '26

11.8
2026

Interim report Q2'26

Risk
Business risk
Valuation risk
Low
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Research
Webcasts
Press releases
ShowingAll content types
Regulatory press release3/2/2026, 2:00 PM

Notice to the Annual General Meeting 2026 of Solar Foods Oyj

Solar Foods
Solar Foods H2'25: Story progresses, but a strong stomach is required
Research2/27/2026, 11:40 AM by
Thomas Westerholm

Solar Foods H2'25: Story progresses, but a strong stomach is required

The earnings day shed light on some of the most important milestones of the current year leading up to the final investment decision on the industrial-scale Factory 02, which is critical to the investment story.

Solar Foods
Regulatory press release2/26/2026, 1:45 PM

Solar Foods Board of Directors' Report, Financial Statements and Auditor's Report for 2025 have been published

Solar Foods

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Solar Foods, Webcast, Q4'25
Webcast2/26/2026, 10:30 AM

Solar Foods, Webcast, Q4'25

Solar Foods
Regulatory press release2/26/2026, 7:15 AM

Solar Foods Oyj Financial Statements Release 1.1.-31.12.2025: A pivotal year towards growth and scaled production

Solar Foods
Solar Foods H2'25 preview: Focus already on Factory 02 investment decision
Analyst Comment2/19/2026, 7:05 AM by
Thomas Westerholm

Solar Foods H2'25 preview: Focus already on Factory 02 investment decision

Our focus will be on the commercialization of Solein in the US and the next steps for the Factory 02 project.

Solar Foods
Press release2/17/2026, 1:00 PM

Solar Foods will publish its Financial Statements Release 2025 on Thursday 26 February 2026

Solar Foods
Solar Foods: Liquidity risk receded, focus on execution
Research1/29/2026, 9:33 AM by
Thomas Westerholm

Solar Foods: Liquidity risk receded, focus on execution

A successful 25 MEUR capital raise removes the liquidity risk that has overshadowed Solar Foods and demonstrates confidence in the Factory 02 investment.

Solar Foods
Regulatory press release1/28/2026, 4:30 PM

Solar Foods Oyj: Disclosure under chapter 9, section 10 of the Securities Market Act (Suomen Teollisuussijoitus Oy)

Solar Foods
Regulatory press release1/28/2026, 2:30 PM

Solar Foods Oyj: Disclosure under chapter 9, section 10 of the Securities Market Act (Lifeline Ventures Fund III Ky)

Solar Foods
Regulatory press release1/27/2026, 2:57 PM

Solar Foods Oyj: Managers' Transactions – Jukka Moisio

Solar Foods
Regulatory press release1/27/2026, 2:55 PM

Solar Foods Oyj: Managers' Transactions – Sebastian Jägerhorn

Solar Foods
Regulatory press release1/27/2026, 2:52 PM

Solar Foods Oyj: Managers' Transactions

Solar Foods
Regulatory press release1/27/2026, 2:50 PM

Solar Foods Oyj: Managers' Transactions – Rami Jokela

Solar Foods
Regulatory press release1/27/2026, 2:47 PM

Solar Foods Oyj: Managers' Transactions – Juha-Pekka Pitkänen

Solar Foods
Regulatory press release1/27/2026, 2:45 PM

Solar Foods Oyj: Managers' Transactions – Ilkka Saura

Solar Foods
Regulatory press release1/27/2026, 1:45 PM

Solar Foods Oyj: Disclosure under chapter 9, section 10 of the securities market act (GEA Group Aktiengesellschaft)

Solar Foods
Regulatory press release1/26/2026, 8:10 AM

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

Solar Foods
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.

Solar Foods
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

Solar Foods
Forum discussions
Generally, I still assume that the main impact caused by iron will be restrictions on Solein concentrations and various use cases, such as foods consumed in large daily quantities, like pasta or bread. Of course, the risk of black swans can never be completely ignored in business...
2/11/2026, 12:39 PM
by Thomas Westerholm
8
Daniel and Thomas discussed Solar Foods in light of 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
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
Thomas has written a new company report following the latest developments at Solar Foods. The successful EUR 25 million capital raise removes the liquidity risk that had been overshadowing Solar Foods, demonstrates partner and investor confidence in the Factory 02 investment, and...
1/29/2026, 10:51 AM
by Sijoittaja-alokas
3
They probably haven’t sold more because they haven’t dared to promise delivery. Solein still hasn’t received marketing authorization in the EU or the UK, and they’ve been waiting for it for over 4 years. Maybe this year then, and revenue will skyrocket.
2/27/2026, 12:25 PM
by Buccaneer
2
Thomas interviewed Solar Foods CEO Rami Jokela following H2 Inderes Solar Foods H2'25: Teknologisesta innovaatiosta kohti kaupallistamista - Inderes Aika: 26.02.2026 klo 15.00 Solar Foodsin tilauskanta nousi H2:lla nollasta 1,5 MEUR:oon ja katseet kääntyvät seuraavaksi Factory 02...
2/26/2026, 4:45 PM
by Sijoittaja-alokas
2
It hasn’t been obtained in the States either. In the United States, they have Self-GRAS, which is not a marketing authorization. The FDA has not yet had anything to do with that status. According to the company, the next step is to receive a “no questions letter” from the FDA, which...
3/2/2026, 9:27 AM
by OsakasOssi
1
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