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Solar Foods

4.76 EUR

-2.16 %

Less than 1K followers
Corporate customer

SFOODS

First North Finland

Food Producers

Consumer Goods & Services

Overview
Financials & Estimates
Ownership
Investor consensus
Compare
-2.16 %
+0.42 %
+1.71 %
-13.70 %
-15.69 %
+12.15 %
-
-
-59.70 %

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
142.1M EUR
Turnover
107.45K EUR
P/E (adj.) (25e)
EV/EBIT (adj.) (25e)
P/B (25e)
EV/S (25e)
Dividend yield-% (25e)
Coverage
Recommendation
Reduce
Target price
Updated
29.01.2026
Disclaimer
Thomas Westerholm
Thomas Westerholm

Analyst

Latest research

Latest analysis report

Released: 29.01.2026

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
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Press releases
ShowingAll content types
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

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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
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

Solar Foods
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.

Solar Foods
Press release1/12/2026, 8:00 AM

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

Solar Foods
Lappeenranta confirmed as location for Factory 02 project
Analyst Comment12/17/2025, 7:56 AM by
Rauli Juva

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.

Solar Foods
Press release12/16/2025, 7:30 AM

Solar Foods has chosen Lappeenranta as the location for Factory 02

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

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

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

Solar Foods’ financial reporting and Annual General Meeting in 2026

Solar Foods
Forum discussions
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
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
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
2
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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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.