New Risk • May 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Revenue is less than US$5m (€2.7m revenue, or US$3.1m). Market cap is less than US$100m (€31.8m market cap, or US$36.9m). New Risk • Nov 20
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€12m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€12m free cash flow). Share price has been highly volatile over the past 3 months (9.0% average weekly change). Minor Risks Revenue is less than US$5m (€2.7m revenue, or US$3.1m). Market cap is less than US$100m (€71.0m market cap, or US$81.7m). New Risk • Nov 05
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: €18m Forecast net loss in 2 years: €5.9m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.1% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€12m). Currently unprofitable and not forecast to become profitable over next 2 years (€5.9m net loss in 2 years). Revenue is less than US$5m (€2.7m revenue, or US$3.1m). Market cap is less than US$100m (€85.1m market cap, or US$97.7m). New Risk • Oct 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.5% average weekly change). Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (€83.4m market cap, or US$96.3m). New Risk • Sep 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €83.2m (US$98.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€9.0m). Market cap is less than US$100m (€83.2m market cap, or US$98.1m). Major Estimate Revision • Sep 08
Consensus revenue estimates increase by 38% The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from €8.00m to €11.0m. Forecast losses expected to reduce from -€0.36 to -€0.315 per share. Renewable Energy industry in Spain expected to see average net income decline 1.3% next year. Consensus price target of €4.20 unchanged from last update. Share price fell 5.5% to €2.42 over the past week. New Risk • Jun 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Spanish stocks, typically moving 7.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.5% average weekly change). Minor Risk Less than 1 year of cash runway based on current free cash flow (-€9.0m). Annonce • Jun 23
Enerside Energy, S.A. (BME:ENRS) signed a binding agreement to acquire remaining 44% stake in Enerside Energy Italia, SRL from Alternative Green Energy for € 24 million. Enerside Energy, S.A. (BME:ENRS) signed a binding agreement to acquire remaining 44% stake in Enerside Energy Italia, SRL from Alternative Green Energy for € 24 million on June 23, 2025. Enerside will finance the acquisition through a non-cash capital increase of €24 million, which will involve the issuance of 7,570,978 new shares at a price of €3.17 per share. The expected completion of the transaction is 3Q25 once the financing of the business plan will be secured. Annonce • May 20
Enerside Energy, S.A., Annual General Meeting, Jun 20, 2025 Enerside Energy, S.A., Annual General Meeting, Jun 20, 2025. Location: hotel gallery, calle rossello 249, barcelona Spain New Risk • May 16
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: €39m Forecast net loss in 3 years: €2.0m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€2.0m net loss in 3 years). Share price has been volatile over the past 3 months (5.5% average weekly change). New Risk • May 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Minor Risk Share price has been volatile over the past 3 months (5.5% average weekly change). New Risk • May 04
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. This is currently the only risk that has been identified for the company. New Risk • Nov 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (6.0% average weekly change). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). New Risk • Jul 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 4.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-€31m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€2.0m net loss in 3 years). Share price has been volatile over the past 3 months (4.3% average weekly change). Market cap is less than US$100m (€89.9m market cap, or US$97.3m). Annonce • Jun 01
Enerside Energy, S.A., Annual General Meeting, Jun 28, 2024 Enerside Energy, S.A., Annual General Meeting, Jun 28, 2024. Location: hotel gallery, sala scotch, calle rossello 249, barcelona Spain Reported Earnings • May 03
Full year 2023 earnings released Full year 2023 results: Revenue: €19.8m (down 38% from FY 2022). Net loss: €38.8m (loss widened 183% from FY 2022). Revenue is forecast to decline by 63% p.a. on average during the next 2 years, while revenues in the Renewable Energy industry in Spain are expected to remain flat. New Risk • Feb 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Spanish stocks, typically moving 6.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€45m free cash flow). Share price has been highly volatile over the past 3 months (6.1% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€7.1m net loss in 2 years). Market cap is less than US$100m (€88.4m market cap, or US$95.3m). New Risk • Feb 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €85.4m (US$92.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-€45m free cash flow). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€7.1m net loss in 2 years). Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (€85.4m market cap, or US$92.1m). New Risk • Nov 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (5.8% average weekly change). New Risk • Aug 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Spanish stocks, typically moving 4.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-€43m free cash flow). Minor Risk Share price has been volatile over the past 3 months (4.3% average weekly change). Reported Earnings • May 07
Full year 2022 earnings released Full year 2022 results: Revenue: €31.9m (up 282% from FY 2021). Net loss: €13.7m (loss widened €13.4m from FY 2021). Breakeven Date Change • Nov 16
Forecast to breakeven in 2023 The analyst covering Enerside Energy expects the company to break even for the first time. New forecast suggests the company will make a profit of €7.70m in 2023. Average annual earnings growth of 88% is required to achieve expected profit on schedule. Annonce • Mar 06
Enerside Energy Sl has completed an IPO in the amount of €34.999998 million. Enerside Energy Sl has completed an IPO in the amount of €34.999998 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,410,256
Price\Range: €5.46