Midsummer AB with 480mn SEK market cap receives order worth 236mn SEK

Midsummer is a Swedish company and manufactures solar cells and solar panels. The company also sells equipment and turnkey factories for producing thin-film solar cells. Midsummer controls the entire value chain, focusing on sustainability and maintaining a very low carbon footprint. Other big plus of their solar cells is that they are light weight and can be installed on any roof.

They have some interesting things going on (regulations in Europe, potential factory in Thailand) but in this post I want to briefly write about Columbia.

Midsummer is collaborating with Saab to build a solar cell manufacturing factory in Colombia. They received a first order last year worth 144mn SEK. Following this the stock price rose from ~1 SEK to ~3 SEK. But it was already announced that this is a bigger deal and in order to fullfil it they gave out now shares at a price of 1.38 SEK. Obviously the price dropped and after the emissions the price dropped even further and is currently trading at around 0.95 SEK with a market kap of 480mn SEK. And now they just confirmed another order worth 236mn SEK. Most of this money will come in this year and more orders are to follow. It's an order have the value of the company! Also their released a very good year end report this Monday with a profitable Q4 (as of now the report is only available in swedish).

If this made you interested, I encourage you to read up, do your own research and dig a bit deeper. In my opinion midsummer has a bright future ahead. Solid liquidity, big collaboration with Saab. Stable future and more contracts expected.