contentSlug

type

ContentSlug_ContentQuery

slug

ContentPageContentQuery

content

trendingContent

query ContentSlug_ContentQuery(
  $contentSlug: String!
  $type: [ContentType!]
) {
  ...ContentPageContentQuery_13QmVO
}

fragment CompanyDetails_Content on Content {
  __isContent: __typename
  companies {
    name
    description
    pageUrl
    id
  }
}

fragment CompanyTagList on Company {
  pageUrl
  name
  viewerIsFollowing
}

fragment ContentBasicInfo on Content {
  __isContent: __typename
  id
  type
  title
  lang
  companies {
    ...CompanyTagList
    id
  }
  ...PublishingDetails
  ...Reactions
}

fragment ContentMetadata on Content {
  __isContent: __typename
  type
  title
  lang
  pageUrl
  alternatePageUrls: translations {
    __typename
    pageUrl
    lang
  }
  imgUrl
  description
  ... on Video {
    liveTime
    videoUrl
  }
  ... on Webcast {
    liveTime
    videoUrl
  }
}

fragment ContentPageContentQuery_13QmVO on Query {
  content(slug: $contentSlug, type: $type) {
    __typename
    id
    type
    title
    isPremium
    lang
    htmlBody
    companies {
      forum {
        latestPosts {
          ...ForumPosts
        }
      }
      defaultInstrument {
        isin
        id
        marketOpen
        marketClose
        marketplace {
          region
        }
        returns {
          total
        }
      }
      id
    }
    createdAt
    ... on Video {
      liveTime
    }
    ... on Webcast {
      liveTime
    }
    slug
    ... on CompanyReport {
      reportUrl
    }
    ... on ThirdPartyCompanyReport {
      reportUrl
    }
    ... on StockExchangeRelease {
      reportUrl
    }
    ...ContentBasicInfo
    ...ContentMetadata
    ...PriceAndRecommendation_Content
    ...CompanyDetails_Content
    ...ReportLink_Content
    ...KeyFigures_Content
  }
  ...TrendingContent_1jQ2Cn
}

fragment ForumPosts on ForumPost {
  text
  likesCount
  url
  author
  postedAt
  authorImgUrl
}

fragment KeyFigures_Content on Content {
  __isContent: __typename
  companies {
    defaultInstrument {
      estimateData {
        modelType
        reportingCurrency
      }
      snapshot {
        transaction {
          date
          actualized {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
          estimates {
            year
            quarter
            revenue
            revenueGrowth
            ebitAdjusted
            ebitReported
            ebitda
            enterpriseValue
            epsAdjusted
            dividend
            dividendYield
            sharePrice
          }
        }
      }
      id
    }
    id
  }
}

fragment PriceAndRecommendation_Content on Content {
  __isContent: __typename
  createdAt
  companies {
    id
    name
    pageUrl
    viewerIsFollowing
    defaultInstrument {
      snapshot {
        priceData {
          date
          lastPrice
          tradeCurrency
        }
        transaction {
          date
          recommendation
          targetPrice
        }
        prevTransaction {
          recommendation
        }
      }
      id
    }
  }
}

fragment PublishingDetails on Content {
  __isContent: __typename
  createdAt
  publishers {
    name
    imgUrl
  }
  authors {
    __typename
    id
    name
    slug
    imgUrl
    jobTitle
  }
  ... on Video {
    liveTime
  }
  ... on Webcast {
    liveTime
  }
}

fragment Reactions on Content {
  __isContent: __typename
  id
  reactionGroups {
    reactionType
    reactionsCount
    viewerReacted
  }
}

fragment ReportLink_Content on Content {
  __isContent: __typename
  type
  isPremium
  ... on CompanyReport {
    reportUrl
  }
  ... on ThirdPartyCompanyReport {
    reportUrl
  }
  ... on StockExchangeRelease {
    reportUrl
  }
}

fragment TrendingContent_1jQ2Cn on Query {
  trendingContent(type: ARTICLE) {
    __typename
    id
    title
    lang
    pageUrl
    createdAt
    type
    imgUrl
    companies {
      squareLogoUrl
      id
    }
    authors {
      __typename
      imgUrl
      id
    }
    publishers {
      imgUrl
    }
  }
}


metacon-secures-contract-for-wind-power-to-hydrogen-pilot-plant

__typename

title

isPremium

lang

htmlBody

companies

createdAt

publishers

authors

reactionGroups

pageUrl

translations

imgUrl

description

Analyst

Lucas Mattsson

Metacon is an energy technology company that develops and sells small and large energy systems for the production of hydrogen, electricity and heat. The company was founded in 2011 and has patented technology for the production of hydrogen gas from biogas or other hydrocarbons. The range consists, for example, of gas stations and larger CHP systems. The company has its headquarters in Örebro.

Metacon

Metacon has announced that it has secured a contract for a wind power-to-hydrogen pilot plant, valued at roughly 20 MSEK. The contract is, of course, encouraging and supports the realization of our estimates that assume also further orders for the company in 2025. We will update our estimates in connection with the company's Q1 report which is set to be released tomorrow.

Metacon has announced that it has secured a contract for a wind power-to-hydrogen pilot plant, valued at roughly 20 MSEK. The contract is, of course, encouraging and supports the realization of our estimates that assume also further orders for the company in 2025. We will update our estimates in connection with the company&apos;s Q1 report which is set to be released tomorrow.
In March 2025, Metacon communicated that it was in the final stages of negotiations for a wind-to-hydrogen production project based on electrolysis, valued at roughly 20 MSEK. Today, the company confirmed that it has been awarded the contract, which includes the delivery of a 1 MW pressurized alkaline electrolysis plant to a major renewable energy player in Morocco. Although the customer&apos;s identity is being kept secret, the press release describes them as one of the largest wind power investors in Africa, with approximately 2,000 MW of renewable energy assets. The electrolysis plant will be delivered as a turnkey, containerized system directly to the customer&#x2019;s site.
<h2>Strong order momentum</h2>
The deal relates to a pilot project and is a preliminary step and preparation for upcoming industrial production plants. In our view, this signals the potential for follow-on orders of greater scale. However, the potential scale of orders resulting from this pilot project is uncertain, but if successful, it could help the company achieve a broader commercial reach. Despite its rather modest size relative to our revenue forecasts of 277 MSEK in 2025 and 634 MSEK in 2026, we see the order as an encouraging sign. It strengthens the investment case for Metacon and provides further validation of the company&apos;s technology. We will update our estimates in connection with the company&apos;s Q1 report which is set to be released tomorrow.

	2024	25e	26e
Revenue	40.4	277.5	633.8
growth-%	-32.8 %	586.8 %	128.4 %
EBIT (adj.)	-123.8	-49.7	-43.9
EBIT-% (adj.)	-306.4 %	-17.9 %	-6.9 %
EPS (adj.)	-0.19	-0.05	-0.05
Dividend	0.00	0.00	0.00
Dividend %
P/E (adj.)	neg.	neg.	neg.
EV/EBITDA	neg.	neg.	neg.

Metacon secures contract for wind power-to-hydrogen pilot plant

Strong order momentum

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Metacon

Key Estimate Figures05.03.