EAM Solar (EAM) 주식 개요EAM Solar ASA는 유럽에서 태양광 발전소를 인수, 소유 및 운영하는 회사입니다. 자세히 보기EAM 펀더멘털 분석스노우플레이크 점수가치 평가2/6미래 성장0/6과거 실적3/6재무 건전성6/6배당0/6강점주가수익률(2.8x)이 Norwegian 시장(13.7x)보다 낮습니다.올해부터 흑자전환위험 분석지난 1년 동안 주주가 크게 희석되었습니다.높은 수준의 비현금 수입지난 3개월 동안 주가 변동성이 Norwegian 시장과 비교했을 때 매우 높았습니다.의미 있는 시가총액이 없습니다(NOK42M)+ 위험 1건 추가모든 위험 점검 보기EAM Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueNOK Current PriceNOK 2.07404.9% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-70m5m2016201920222025202620282031Revenue €1.3mEarnings €1.4mAdvancedSet Fair ValueView all narrativesEAM Solar ASA 경쟁사Cloudberry Clean EnergySymbol: OB:CLOUDMarket cap: NOK 3.8bSkandia GreenPowerSymbol: OB:SKANDMarket cap: NOK 191.1mLotus Hydro PowerSymbol: COSE:HPFL.N0000Market cap: LK₨1.5bKarma EnergySymbol: BSE:533451Market cap: ₹496.3m가격 이력 및 성과EAM Solar 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가NOK 2.0752주 최고가NOK 25.0052주 최저가NOK 0.66베타0.0251개월 변동11.29%3개월 변동38.00%1년 변동-90.74%3년 변동-97.97%5년 변동-98.80%IPO 이후 변동-99.90%최근 뉴스 및 업데이트Valuation Update With 7 Day Price Move • 1hInvestor sentiment deteriorates as stock falls 35%After last week's 35% share price decline to kr2.07, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 22x in the Renewable Energy industry in Europe. Total loss to shareholders of 74% over the past three years.공시 • May 27EAM Solar ASA has filed a Follow-on Equity Offering in the amount of NOK 55 million.EAM Solar ASA has filed a Follow-on Equity Offering in the amount of NOK 55 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 110,000,000 Price\Range: NOK 0.5 Transaction Features: Rights OfferingValuation Update With 7 Day Price Move • May 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to kr2.08, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 22x in the Renewable Energy industry in Europe. Total loss to shareholders of 73% over the past three years.분석 기사 • Apr 23There Are Some Holes In EAM Solar's (OB:EAM) Solid Earnings ReleaseThe healthy profit announcement from EAM Solar ASA ( OB:EAM ) didn't seem to impress investors. We think that they may...Valuation Update With 7 Day Price Move • Apr 22Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to kr1.97, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 23x in the Renewable Energy industry in Europe. Total loss to shareholders of 76% over the past three years.Reported Earnings • Apr 17First quarter 2026 earnings released: EPS: €0.097 (vs €0.045 loss in 1Q 2025)First quarter 2026 results: EPS: €0.097 (up from €0.045 loss in 1Q 2025). Net income: €1.97m (up €2.32m from 1Q 2025).더 많은 업데이트 보기Recent updatesValuation Update With 7 Day Price Move • 1hInvestor sentiment deteriorates as stock falls 35%After last week's 35% share price decline to kr2.07, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 22x in the Renewable Energy industry in Europe. Total loss to shareholders of 74% over the past three years.공시 • May 27EAM Solar ASA has filed a Follow-on Equity Offering in the amount of NOK 55 million.EAM Solar ASA has filed a Follow-on Equity Offering in the amount of NOK 55 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 110,000,000 Price\Range: NOK 0.5 Transaction Features: Rights OfferingValuation Update With 7 Day Price Move • May 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to kr2.08, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 22x in the Renewable Energy industry in Europe. Total loss to shareholders of 73% over the past three years.분석 기사 • Apr 23There Are Some Holes In EAM Solar's (OB:EAM) Solid Earnings ReleaseThe healthy profit announcement from EAM Solar ASA ( OB:EAM ) didn't seem to impress investors. We think that they may...Valuation Update With 7 Day Price Move • Apr 22Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to kr1.97, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 23x in the Renewable Energy industry in Europe. Total loss to shareholders of 76% over the past three years.Reported Earnings • Apr 17First quarter 2026 earnings released: EPS: €0.097 (vs €0.045 loss in 1Q 2025)First quarter 2026 results: EPS: €0.097 (up from €0.045 loss in 1Q 2025). Net income: €1.97m (up €2.32m from 1Q 2025).Reported Earnings • Jan 30Full year 2025 earnings released: €0.05 loss per share (vs €0.99 loss in FY 2024)Full year 2025 results: €0.05 loss per share (improved from €0.99 loss in FY 2024). Revenue: €1.22m (down 19% from FY 2024). Net loss: €1.02m (loss narrowed 22% from FY 2024).공시 • Dec 15EAM Solar ASA, Annual General Meeting, Jun 04, 2026EAM Solar ASA, Annual General Meeting, Jun 04, 2026.공시 • Dec 12+ 4 more updatesEAM Solar ASA to Report Fiscal Year 2025 Final Results on May 07, 2026EAM Solar ASA announced that they will report fiscal year 2025 final results at 12:00 PM, Central European Standard Time on May 07, 2026공시 • Oct 28EAM Solar ASA has completed a Follow-on Equity Offering in the amount of NOK 20 million.EAM Solar ASA has completed a Follow-on Equity Offering in the amount of NOK 20 million. Security Name: Shares Security Type: Common Stock Securities Offered: 20,000,000 Price\Range: NOK 1 Transaction Features: Rights Offering공시 • Oct 02EAM Solar ASA, Annual General Meeting, Oct 01, 2025EAM Solar ASA, Annual General Meeting, Oct 01, 2025, at 10:00 W. Europe Standard Time. Location: karenslystalle 10, 0278oslo., Norway공시 • Sep 18EAM Solar ASA has filed a Follow-on Equity Offering in the amount of NOK 20 million.EAM Solar ASA has filed a Follow-on Equity Offering in the amount of NOK 20 million. Security Name: Shares Security Type: Common Stock Securities Offered: 20,000,000 Price\Range: NOK 1 Transaction Features: Rights OfferingReported Earnings • Sep 11Second quarter 2025 earnings released: €0.018 loss per share (vs €2.25 loss in 2Q 2024)Second quarter 2025 results: €0.018 loss per share (improved from €2.25 loss in 2Q 2024). Revenue: €362.8k (up 20% from 2Q 2024). Net loss: €136.4k (loss narrowed 82% from 2Q 2024).공시 • Jun 20EAM Solar AS Announces Italian Court Rejects All ApplicationsEAM Solar AS announced on 17 June 2025, took place the hearing before the Italian Supreme Court in relation to the appeals against the Appeal Court of Milan's decision of 4 July 2024. EAM has been informed that all appeals have been rejected. Those of the implicated and of EAM. The decision of 4 July 2024 is now final. So far, no grounds for the decision have been made. Such grounds are expected in around 60 days. The Milan criminal proceedings which began with arrests in 2014 have now concluded. Igor Akhmerov has been found liable for the crime contained in charge. Mr. Akhmerov, Marco Giorgi, Aveleos SA and Avelar Management have been held liable for the crime contained incharge. EAM is disappointed in the Supreme Court's decision not to reinstate the 2019 decision. The 2019 decision in EAM's favor, along with the 2021 Supreme Court annulment of the first appeal, has long given the company the justification to believe that it had been a victim of contractual fraud. While EAM still believes such, the company recognizes the judgement of the Italian courts. Notwithstanding the decision of the Supreme Court, EAM has made plans for such an outcome. One thing is clear: the Feed-in tariffs attached to power plants purchased by EAM in 2014 were obtained with fraud. People who sold these assets to EAM have been found liable for the frauds and sentenced to pay the Italian State. The company has been presented with a number of possible legal options which may now begin since the criminal process has concluded. EAM will work with its Italian civil counsels to determine which of, and when, these next processes shall begin. In the meantime, EAM will continue operating its 4 solar power plants with Feed-in Tariffs in Italy and pursuing the amounts awarded in other venues. EAM will revert to the market in the future once it has more information to share. In the meantime, E AM will continue operating its 4 solar Power plants with Feed-in Tariff in Italy and pursuing the amounts award in other venues. EAM is revert to the market in the Future once it has more information to Share.New Risk • Jun 18New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr45.7m (US$4.58m) This is considered a major 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 Risks Share price has been highly volatile over the past 3 months (31% average weekly change). Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 21x increase in shares outstanding). Market cap is less than US$10m (kr45.7m market cap, or US$4.58m). Minor Risk Revenue is less than US$5m (€1.5m revenue, or US$1.8m).Reported Earnings • Jun 05First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: €232.9k (up 11% from 1Q 2024). Net loss: €347.3k (down 232% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings.Buy Or Sell Opportunity • May 12Now 28% overvalued after recent price riseOver the last 90 days, the stock has risen 808% to kr1.12. The fair value is estimated to be kr0.87, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.7% over the last 3 years. Earnings per share has grown by 48%.Buy Or Sell Opportunity • Mar 10Now 54% overvalued after recent price riseOver the last 90 days, the stock has risen 786% to kr1.40. The fair value is estimated to be kr0.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.7% over the last 3 years. Earnings per share has grown by 48%.Reported Earnings • Mar 02Full year 2024 earnings released: €0.26 loss per share (vs €0.18 loss in FY 2023)Full year 2024 results: €0.26 loss per share (further deteriorated from €0.18 loss in FY 2023). Revenue: €1.28m (up 29% from FY 2023). Net loss: €1.79m (loss widened 48% from FY 2023).공시 • Feb 07EAM Solar ASA Announces CEO ChangesEAM Solar ASA announced that following the end of the management agreement between EAM Solar AS and Energeia AS, the Board of directors are establishing an independent internal organization for the EAM Solar group. The management agreement will end, by the latest, in May 2025. The Board has employed Erik Brandon Reisenfeld as new CEO of EAM Solar AS. Erik replaces Christian Hagemann who was appointed by the manager Energeia AS under the management agreement. Erik Reisenfeld is a qualified solicitor in England and Wales. Erik has acted as EAM’s internal legal counsel since September 2017 under the management agreement being an employee in Energeia AS, and has consequently detailed knowledge of all legal processes the company is involved in. Given the importance of the ongoing legal processes for the business of the company, the board of EAM believes Erik Reisenfeld’s knowledge and skillset will serve the company well.공시 • Feb 06EAM Solar ASA Hires Gloria Gallorini as Head of AdministrationEAM Solar ASA announced that Following the end of the management agreement between EAM Solar AS and Energeia AS, the Board of directors are establishing an independent internal organization for the EAM Solar group. The management agreement will end, by the latest, in May 2025. The the company has hired Gloria Gallorini as head of administration. Gloria has been working with EAM Solar as an employee in Energeia AS under the management agreement since 2014. Gloria is an Italian citizen with detailed knowledge of the administrative procedures relating to the operation of the company’s four solar PV power plants in operation in Italy.공시 • Jan 03EAM Solar ASA, Annual General Meeting, May 21, 2025EAM Solar ASA, Annual General Meeting, May 21, 2025.공시 • Jan 02+ 4 more updatesEAM Solar ASA to Report Q1, 2025 Results on May 22, 2025EAM Solar ASA announced that they will report Q1, 2025 results on May 22, 2025New Risk • Nov 21New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Over 21x increase in shares outstanding. This is considered a major 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 Risks Share price has been highly volatile over the past 3 months (75% average weekly change). Earnings have declined by 24% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 21x increase in shares outstanding). Market cap is less than US$10m (kr25.9m market cap, or US$2.34m). Minor Risk Revenue is less than US$5m (€1.3m revenue, or US$1.3m).Reported Earnings • Oct 25Third quarter 2024 earnings released: EPS: €0.03 (vs €0.12 loss in 3Q 2023)Third quarter 2024 results: EPS: €0.03 (up from €0.12 loss in 3Q 2023). Revenue: €414.6k (up 25% from 3Q 2023). Net income: €199.5k (up €1.03m from 3Q 2023). Profit margin: 48% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings.공시 • Oct 15Nordnet Livsforsikring AS and Nordnet Pensionsförsäkring AB acquired 5.61% stake in EAM Solar ASA (OB:EAM).Nordnet Livsforsikring AS and Nordnet Pensionsförsäkring AB acquired 5.61% stake in EAM Solar ASA (OB:EAM) on October 14, 2024. Nordnet Livsforsikring AS and Nordnet Pensionsförsäkring AB completed the acquisition of 5.61% stake in EAM Solar ASA (OB:EAM) on October 14, 2024.Reported Earnings • Aug 30Second quarter 2024 earnings released: €0.11 loss per share (vs €0.051 loss in 2Q 2023)Second quarter 2024 results: €0.11 loss per share (further deteriorated from €0.051 loss in 2Q 2023). Revenue: €303.5k (up 24% from 2Q 2023). Net loss: €770.7k (loss widened 119% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings.Board Change • Jun 13Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Pål Hvammen was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • May 26First quarter 2024 earnings released: EPS: €0.04 (vs €0.075 in 1Q 2023)First quarter 2024 results: EPS: €0.04 (down from €0.075 in 1Q 2023). Revenue: €210.5k (flat on 1Q 2023). Net income: €262.5k (down 49% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.공시 • May 11EAM Solar ASA Elects Elisabeth Dragseth as New Member of the BoardEAM Solar ASA at the EGM held on May 10, 2024, elected Elisabeth Dragseth as new member of the board.공시 • Mar 09EAM Solar ASA Announces Legal Status Update on Criminal Appeal Court of Milan Postpones Next Hearing to May 2024EAM Solar ASA announced that 5 March 2024, was the first of two scheduled hearings for final arguments before the Fifth Section of the Court of Appeal of Milan in relation to the ongoing criminal case brought by the Italian State for subsidy fraud, and for contractual fraud against EAM Solar ASA. The company has been informed that the second hearing has been postponed from the 20 March until 16 May 2024. are also informed that the Appeal Court intends to issue its ruling on this same date, after the conclusion of this hearing.Reported Earnings • Mar 07Full year 2023 earnings released: €0.19 loss per share (vs €0.32 loss in FY 2022)Full year 2023 results: €0.19 loss per share (improved from €0.32 loss in FY 2022). Revenue: €992.7k (down 19% from FY 2022). Net loss: €1.28m (loss narrowed 42% from FY 2022). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.공시 • Mar 01EAM Solar ASA Receives the Milan Chamber of Arbitration's Final Decision in Case Concerning Payment Obligations Between EAM Solar ASA and Aveleos SAEAM Solar ASA received the Milan Chamber of Arbitration's (CAM) final decision in the ongoing arbitration case concerning payment obligations between EAM Solar ASA and Aveleos SA under the share purchase agreement of 2013. The arbitration court decided to award both parties the right to receive payments under the SPA, including calculated interest up until 29 February 2024, and allocated these as follows: EAM Solar ASA/EAM Solar Italy Holding Srl. was granted the right to receive a payment from Aveleos of approximately EUR 4,024,418 in damages for breach of the representations and warranties up to a liability cap. Aveleos SA was granted the right to received a payment from EAM Solar ASA/Eam Solar Italy Holding Srl. of approximately EUR 1,084,605 representing the net set-off for the various contractual claims and obligations between the parties in accordance with the SPA. The conclusion of CAM's decision in the arbitration proceedings is a net amount in favour of EAM Solar ASA/E AM Solar Italy Holding Srl. the company of approximately of EUR 2,939,814. Although immediately payable, the company do not expect, based on previous experience, Aveleos SA, or its shareholders Enovos Luxembourg SA and the Renova Group, to honour any payment obligations without further legal proceedings. The CAM decision may be appealed by both parties to the civil Court of Milan. The arbitration court decided not to consider any merits relating to the ongoing criminal proceedings against directors of Aveleos SA for fraud against the State of Italy nor EAM Solar ASA in their decision.New Risk • Feb 05New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr103.8m (US$9.71m) This is considered a major 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 Risks Less than 1 year of cash runway based on free cash flow trend (-€543k free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 24% per year over the past 5 years. Market cap is less than US$10m (kr103.8m market cap, or US$9.71m). Minor Risk Revenue is less than US$5m (€1.0m revenue, or US$1.1m).공시 • Dec 22+ 5 more updatesEAM Solar ASA to Report Q4, 2023 Results on Mar 01, 2024EAM Solar ASA announced that they will report Q4, 2023 results on Mar 01, 2024Reported Earnings • Nov 15Third quarter 2023 earnings released: €0.12 loss per share (vs €0.005 profit in 3Q 2022)Third quarter 2023 results: €0.12 loss per share (down from €0.005 profit in 3Q 2022). Revenue: €332.7k (down 3.4% from 3Q 2022). Net loss: €827.2k (down €864.3k from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 11% per year.New Risk • Nov 15New major risk - Revenue and earnings growthEarnings have declined by 24% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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 (-€1.3m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 24% per year over the past 5 years. Market cap is less than US$10m (kr63.7m market cap, or US$5.90m). Minor Risk Revenue is less than US$5m (€1.0m revenue, or US$1.1m).New Risk • Aug 17New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€1.5m 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 (-€1.5m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Market cap is less than US$10m (kr57.6m market cap, or US$5.45m). Minor Risk Revenue is less than US$5m (€1.0m revenue, or US$1.1m).Reported Earnings • Aug 17Second quarter 2023 earnings released: €0.05 loss per share (vs €0.06 profit in 2Q 2022)Second quarter 2023 results: €0.05 loss per share (down from €0.06 profit in 2Q 2022). Revenue: €245.4k (down 30% from 2Q 2022). Net loss: €351.4k (down 186% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.공시 • Aug 09EAM Solar ASA Provides Legal Status UpdateEAM Solar ASA announced that on 6 October 2021, the Supreme Court of Italy decided to Annual the 20th of January 2021 judgment of acquittal by the Milan Criminal Court of Appeal in the subsidy fraud case against the State of Italy and contractual fraud against EAM Solar ASA. The Supreme Court sent the criminal case back to a different chamber of the Milan Appeal Court for a new appeal consideration with the requirement that the new court proceedings must proceed with a complete review of the evidence, making correct application of the principles of law and the rules of logic as formulated in the Supreme Court decision. EAM Solar ASA is informed that the Fifth Section of the Court of Appeal of Milan has scheduled the appeal hearing in the criminal proceedings for 30 November 2023. A final decision in this criminal appeal proceeding is expected in 2024.Reported Earnings • May 24First quarter 2023 earnings released: EPS: €0.07 (vs €0.13 loss in 1Q 2022)First quarter 2023 results: EPS: €0.07 (up from €0.13 loss in 1Q 2022). Revenue: €208.8k (down 32% from 1Q 2022). Net income: €511.5k (up €1.41m from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.Reported Earnings • Mar 04Full year 2022 earnings released: €0.20 loss per share (vs €0.55 loss in FY 2021)Full year 2022 results: €0.20 loss per share (improved from €0.55 loss in FY 2021). Revenue: €1.22m (down 8.4% from FY 2021). Net loss: €1.34m (loss narrowed 65% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance.Reported Earnings • Nov 20Third quarter 2022 earnings released: EPS: €0.01 (vs €0.11 loss in 3Q 2021)Third quarter 2022 results: EPS: €0.01 (up from €0.11 loss in 3Q 2021). Revenue: €344.3k (down 11% from 3Q 2021). Net income: €37.1k (up €811.6k from 3Q 2021). Profit margin: 11% (up from net loss in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Non-Executive Director Pål Hvammen was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • Nov 16+ 3 more updatesEAM Solar ASA to Report Q1, 2023 Results on May 23, 2023EAM Solar ASA announced that they will report Q1, 2023 results on May 23, 2023Reported Earnings • Aug 18Second quarter 2022 earnings released: EPS: €0.06 (vs €0.045 loss in 2Q 2021)Second quarter 2022 results: EPS: €0.06 (up from €0.045 loss in 2Q 2021). Revenue: €350.2k (down 8.2% from 2Q 2021). Net income: €409.4k (up €718.9k from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.Board Change • Jun 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Non-Executive Director Pål Hvammen was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • May 25First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: €0.13 loss per share (up from €0.20 loss in 1Q 2021). Revenue: €306.3k (up 18% from 1Q 2021). Net loss: €900.2k (loss narrowed 34% from 1Q 2021). Revenue exceeded analyst estimates by 63%. Earnings per share (EPS) missed analyst estimates by 7,687%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance.Board Change • May 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Non-Executive Director Pål Hvammen was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 03Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: €0.55 loss per share (down from €0.025 loss in FY 2020). Revenue: €1.33m (up 4.9% from FY 2020). Net loss: €3.77m (loss widened €3.60m from FY 2020). Revenue exceeded analyst estimates by 63%. Earnings per share (EPS) also surpassed analyst estimates by 7,687%. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings.Reported Earnings • Nov 17Third quarter 2021 earnings released: €0.11 loss per share (vs €0.14 profit in 3Q 2020)The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: €388.4k (up 8.8% from 3Q 2020). Net loss: €774.5k (down 181% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 29% per year.Reported Earnings • Aug 18Second quarter 2021 earnings released: €0.05 loss per share (vs €0.14 loss in 2Q 2020)The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: €381.6k (down 1.7% from 2Q 2020). Net loss: €309.5k (loss narrowed 67% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.Reported Earnings • May 21First quarter 2021 earnings released: €0.20 loss per share (vs €0.21 profit in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: €260.6k (down 12% from 1Q 2020). Net loss: €1.35m (down 193% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings.Reported Earnings • Apr 26Full year 2020 earnings released: €0.025 loss per share (vs €0.034 loss in FY 2019)The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: €1.27m (down 60% from FY 2019). Net loss: €173.0k (loss narrowed 27% from FY 2019). Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 03Full year 2020 earnings released: €0.03 loss per share (vs €0.034 loss in FY 2019)The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: €1.27m (down 60% from FY 2019). Net loss: €180.0k (loss narrowed 24% from FY 2019). Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Feb 15New 90-day low: kr9.30The company is down 28% from its price of kr13.00 on 17 November 2020. The Norwegian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 17% over the same period.Valuation Update With 7 Day Price Move • Jan 28Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to €9.36, the stock is trading at a trailing P/E ratio of 7.2x, down from the previous P/E ratio of 8.8x. This compares to an average P/E of 36x in the Renewable Energy industry in Europe. Total return to shareholders over the past three years is a loss of 73%.분석 기사 • Jan 27Here's Why We Don't Think EAM Solar's (OB:EAM) Statutory Earnings Reflect Its Underlying Earnings PotentialBroadly speaking, profitable businesses are less risky than unprofitable ones. Having said that, sometimes statutory...Is New 90 Day High Low • Jan 21New 90-day low: kr11.35The company is down 25% from its price of kr15.15 on 23 October 2020. The Norwegian market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 32% over the same period.Valuation Update With 7 Day Price Move • Dec 29Investor sentiment improved over the past weekAfter last week's 17% share price gain to €15.95, the stock is trading at a trailing P/E ratio of 12.1x, up from the previous P/E ratio of 10.4x. This compares to an average P/E of 33x in the Renewable Energy industry in Europe. Total return to shareholders over the past three years is a loss of 54%.Reported Earnings • Nov 19Third quarter 2020 earnings released: EPS €0.14Third quarter 2020 results: Revenue: €356.9k (down 54% from 3Q 2019). Net income: €961.0k (down 39% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Nov 11Market bids up stock over the past weekAfter last week's 16% share price gain to €14.75, the stock is trading at a trailing P/E ratio of 6.3x, up from the previous P/E ratio of 5.5x. This compares to an average P/E of 28x in the Renewable Energy industry in Europe. Total return to shareholders over the past three years is a loss of 54%.Is New 90 Day High Low • Oct 30New 90-day low: kr11.80The company is down 7.0% from its price of kr12.65 on 31 July 2020. The Norwegian market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 4.0% over the same period.Valuation Update With 7 Day Price Move • Oct 30Market pulls back on stock over the past weekAfter last week's 22% share price decline to €11.80, the stock is trading at a trailing P/E ratio of 4.9x, down from the previous P/E ratio of 6.3x. This compares to an average P/E of 25x in the Renewable Energy industry in Europe. Total return to shareholders over the past three years is a loss of 63%.Is New 90 Day High Low • Oct 14New 90-day high: kr16.30The company is up 24% from its price of kr13.10 on 16 July 2020. The Norwegian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 11% over the same period.Valuation Update With 7 Day Price Move • Oct 14Market bids up stock over the past weekAfter last week's 30% share price gain to €16.30, the stock is trading at a trailing P/E ratio of 6.9x, up from the previous P/E ratio of 5.3x. This compares to an average P/E of 28x in the Renewable Energy industry in Europe. Total return to shareholders over the past three years is a loss of 52%.주주 수익률EAMNO Renewable EnergyNO 시장7D-34.9%-6.2%-0.1%1Y-90.7%6.3%14.1%전체 주주 수익률 보기수익률 대 산업: EAM은 지난 1년 동안 6.3%의 수익을 기록한 Norwegian Renewable Energy 산업보다 저조한 성과를 냈습니다.수익률 대 시장: EAM은 지난 1년 동안 14.1%를 기록한 Norwegian 시장보다 저조한 성과를 냈습니다.주가 변동성Is EAM's price volatile compared to industry and market?EAM volatilityEAM Average Weekly Movement53.0%Renewable Energy Industry Average Movement4.8%Market Average Movement5.4%10% most volatile stocks in NO Market11.1%10% least volatile stocks in NO Market3.2%안정적인 주가: EAM의 주가는 지난 3개월 동안 Norwegian 시장보다 변동성이 컸습니다.시간에 따른 변동성: EAM의 주간 변동성은 지난 1년간 39%에서 53%로 증가했습니다.회사 소개설립직원 수CEO웹사이트20114Erik Reisenfeldwww.eamsolar.noEAM Solar ASA는 유럽에서 태양광 발전소를 인수, 소유 및 운영합니다. 이 회사는 장기 고정 가격 판매 계약에 따라 전력을 판매합니다. 이탈리아에 총 4.0MW의 설비용량을 갖춘 4개의 태양광 발전소를 소유 및 운영하고 있습니다.더 보기EAM Solar ASA 기초 지표 요약EAM Solar의 순이익과 매출은 시가총액과 어떻게 비교됩니까?EAM 기초 통계시가총액NOK 42.06m순이익 (TTM)NOK 14.86m매출 (TTM)NOK 13.31m2.8x주가수익비율(P/E)3.2x주가매출비율(P/S)EAM는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표EAM 손익계산서 (TTM)매출€1.20m매출원가€189.01k총이익€1.01m기타 비용-€329.16k순이익€1.34m최근 보고된 실적Mar 31, 2026다음 실적 발표일Aug 27, 2026주당순이익(EPS)0.066총이익률84.30%순이익률111.64%부채/자본 비율0%EAM의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/06/15 01:18종가2026/06/15 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스EAM Solar ASA는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Preben Rasch-OlsenCarnegie Investment Bank AB
Valuation Update With 7 Day Price Move • 1hInvestor sentiment deteriorates as stock falls 35%After last week's 35% share price decline to kr2.07, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 22x in the Renewable Energy industry in Europe. Total loss to shareholders of 74% over the past three years.
공시 • May 27EAM Solar ASA has filed a Follow-on Equity Offering in the amount of NOK 55 million.EAM Solar ASA has filed a Follow-on Equity Offering in the amount of NOK 55 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 110,000,000 Price\Range: NOK 0.5 Transaction Features: Rights Offering
Valuation Update With 7 Day Price Move • May 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to kr2.08, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 22x in the Renewable Energy industry in Europe. Total loss to shareholders of 73% over the past three years.
분석 기사 • Apr 23There Are Some Holes In EAM Solar's (OB:EAM) Solid Earnings ReleaseThe healthy profit announcement from EAM Solar ASA ( OB:EAM ) didn't seem to impress investors. We think that they may...
Valuation Update With 7 Day Price Move • Apr 22Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to kr1.97, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 23x in the Renewable Energy industry in Europe. Total loss to shareholders of 76% over the past three years.
Reported Earnings • Apr 17First quarter 2026 earnings released: EPS: €0.097 (vs €0.045 loss in 1Q 2025)First quarter 2026 results: EPS: €0.097 (up from €0.045 loss in 1Q 2025). Net income: €1.97m (up €2.32m from 1Q 2025).
Valuation Update With 7 Day Price Move • 1hInvestor sentiment deteriorates as stock falls 35%After last week's 35% share price decline to kr2.07, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 22x in the Renewable Energy industry in Europe. Total loss to shareholders of 74% over the past three years.
공시 • May 27EAM Solar ASA has filed a Follow-on Equity Offering in the amount of NOK 55 million.EAM Solar ASA has filed a Follow-on Equity Offering in the amount of NOK 55 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 110,000,000 Price\Range: NOK 0.5 Transaction Features: Rights Offering
Valuation Update With 7 Day Price Move • May 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to kr2.08, the stock trades at a trailing P/E ratio of 2.9x. Average trailing P/E is 22x in the Renewable Energy industry in Europe. Total loss to shareholders of 73% over the past three years.
분석 기사 • Apr 23There Are Some Holes In EAM Solar's (OB:EAM) Solid Earnings ReleaseThe healthy profit announcement from EAM Solar ASA ( OB:EAM ) didn't seem to impress investors. We think that they may...
Valuation Update With 7 Day Price Move • Apr 22Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to kr1.97, the stock trades at a trailing P/E ratio of 2.7x. Average trailing P/E is 23x in the Renewable Energy industry in Europe. Total loss to shareholders of 76% over the past three years.
Reported Earnings • Apr 17First quarter 2026 earnings released: EPS: €0.097 (vs €0.045 loss in 1Q 2025)First quarter 2026 results: EPS: €0.097 (up from €0.045 loss in 1Q 2025). Net income: €1.97m (up €2.32m from 1Q 2025).
Reported Earnings • Jan 30Full year 2025 earnings released: €0.05 loss per share (vs €0.99 loss in FY 2024)Full year 2025 results: €0.05 loss per share (improved from €0.99 loss in FY 2024). Revenue: €1.22m (down 19% from FY 2024). Net loss: €1.02m (loss narrowed 22% from FY 2024).
공시 • Dec 15EAM Solar ASA, Annual General Meeting, Jun 04, 2026EAM Solar ASA, Annual General Meeting, Jun 04, 2026.
공시 • Dec 12+ 4 more updatesEAM Solar ASA to Report Fiscal Year 2025 Final Results on May 07, 2026EAM Solar ASA announced that they will report fiscal year 2025 final results at 12:00 PM, Central European Standard Time on May 07, 2026
공시 • Oct 28EAM Solar ASA has completed a Follow-on Equity Offering in the amount of NOK 20 million.EAM Solar ASA has completed a Follow-on Equity Offering in the amount of NOK 20 million. Security Name: Shares Security Type: Common Stock Securities Offered: 20,000,000 Price\Range: NOK 1 Transaction Features: Rights Offering
공시 • Oct 02EAM Solar ASA, Annual General Meeting, Oct 01, 2025EAM Solar ASA, Annual General Meeting, Oct 01, 2025, at 10:00 W. Europe Standard Time. Location: karenslystalle 10, 0278oslo., Norway
공시 • Sep 18EAM Solar ASA has filed a Follow-on Equity Offering in the amount of NOK 20 million.EAM Solar ASA has filed a Follow-on Equity Offering in the amount of NOK 20 million. Security Name: Shares Security Type: Common Stock Securities Offered: 20,000,000 Price\Range: NOK 1 Transaction Features: Rights Offering
Reported Earnings • Sep 11Second quarter 2025 earnings released: €0.018 loss per share (vs €2.25 loss in 2Q 2024)Second quarter 2025 results: €0.018 loss per share (improved from €2.25 loss in 2Q 2024). Revenue: €362.8k (up 20% from 2Q 2024). Net loss: €136.4k (loss narrowed 82% from 2Q 2024).
공시 • Jun 20EAM Solar AS Announces Italian Court Rejects All ApplicationsEAM Solar AS announced on 17 June 2025, took place the hearing before the Italian Supreme Court in relation to the appeals against the Appeal Court of Milan's decision of 4 July 2024. EAM has been informed that all appeals have been rejected. Those of the implicated and of EAM. The decision of 4 July 2024 is now final. So far, no grounds for the decision have been made. Such grounds are expected in around 60 days. The Milan criminal proceedings which began with arrests in 2014 have now concluded. Igor Akhmerov has been found liable for the crime contained in charge. Mr. Akhmerov, Marco Giorgi, Aveleos SA and Avelar Management have been held liable for the crime contained incharge. EAM is disappointed in the Supreme Court's decision not to reinstate the 2019 decision. The 2019 decision in EAM's favor, along with the 2021 Supreme Court annulment of the first appeal, has long given the company the justification to believe that it had been a victim of contractual fraud. While EAM still believes such, the company recognizes the judgement of the Italian courts. Notwithstanding the decision of the Supreme Court, EAM has made plans for such an outcome. One thing is clear: the Feed-in tariffs attached to power plants purchased by EAM in 2014 were obtained with fraud. People who sold these assets to EAM have been found liable for the frauds and sentenced to pay the Italian State. The company has been presented with a number of possible legal options which may now begin since the criminal process has concluded. EAM will work with its Italian civil counsels to determine which of, and when, these next processes shall begin. In the meantime, EAM will continue operating its 4 solar power plants with Feed-in Tariffs in Italy and pursuing the amounts awarded in other venues. EAM will revert to the market in the future once it has more information to share. In the meantime, E AM will continue operating its 4 solar Power plants with Feed-in Tariff in Italy and pursuing the amounts award in other venues. EAM is revert to the market in the Future once it has more information to Share.
New Risk • Jun 18New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr45.7m (US$4.58m) This is considered a major 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 Risks Share price has been highly volatile over the past 3 months (31% average weekly change). Earnings have declined by 16% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 21x increase in shares outstanding). Market cap is less than US$10m (kr45.7m market cap, or US$4.58m). Minor Risk Revenue is less than US$5m (€1.5m revenue, or US$1.8m).
Reported Earnings • Jun 05First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: €232.9k (up 11% from 1Q 2024). Net loss: €347.3k (down 232% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings.
Buy Or Sell Opportunity • May 12Now 28% overvalued after recent price riseOver the last 90 days, the stock has risen 808% to kr1.12. The fair value is estimated to be kr0.87, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.7% over the last 3 years. Earnings per share has grown by 48%.
Buy Or Sell Opportunity • Mar 10Now 54% overvalued after recent price riseOver the last 90 days, the stock has risen 786% to kr1.40. The fair value is estimated to be kr0.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.7% over the last 3 years. Earnings per share has grown by 48%.
Reported Earnings • Mar 02Full year 2024 earnings released: €0.26 loss per share (vs €0.18 loss in FY 2023)Full year 2024 results: €0.26 loss per share (further deteriorated from €0.18 loss in FY 2023). Revenue: €1.28m (up 29% from FY 2023). Net loss: €1.79m (loss widened 48% from FY 2023).
공시 • Feb 07EAM Solar ASA Announces CEO ChangesEAM Solar ASA announced that following the end of the management agreement between EAM Solar AS and Energeia AS, the Board of directors are establishing an independent internal organization for the EAM Solar group. The management agreement will end, by the latest, in May 2025. The Board has employed Erik Brandon Reisenfeld as new CEO of EAM Solar AS. Erik replaces Christian Hagemann who was appointed by the manager Energeia AS under the management agreement. Erik Reisenfeld is a qualified solicitor in England and Wales. Erik has acted as EAM’s internal legal counsel since September 2017 under the management agreement being an employee in Energeia AS, and has consequently detailed knowledge of all legal processes the company is involved in. Given the importance of the ongoing legal processes for the business of the company, the board of EAM believes Erik Reisenfeld’s knowledge and skillset will serve the company well.
공시 • Feb 06EAM Solar ASA Hires Gloria Gallorini as Head of AdministrationEAM Solar ASA announced that Following the end of the management agreement between EAM Solar AS and Energeia AS, the Board of directors are establishing an independent internal organization for the EAM Solar group. The management agreement will end, by the latest, in May 2025. The the company has hired Gloria Gallorini as head of administration. Gloria has been working with EAM Solar as an employee in Energeia AS under the management agreement since 2014. Gloria is an Italian citizen with detailed knowledge of the administrative procedures relating to the operation of the company’s four solar PV power plants in operation in Italy.
공시 • Jan 03EAM Solar ASA, Annual General Meeting, May 21, 2025EAM Solar ASA, Annual General Meeting, May 21, 2025.
공시 • Jan 02+ 4 more updatesEAM Solar ASA to Report Q1, 2025 Results on May 22, 2025EAM Solar ASA announced that they will report Q1, 2025 results on May 22, 2025
New Risk • Nov 21New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Over 21x increase in shares outstanding. This is considered a major 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 Risks Share price has been highly volatile over the past 3 months (75% average weekly change). Earnings have declined by 24% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 21x increase in shares outstanding). Market cap is less than US$10m (kr25.9m market cap, or US$2.34m). Minor Risk Revenue is less than US$5m (€1.3m revenue, or US$1.3m).
Reported Earnings • Oct 25Third quarter 2024 earnings released: EPS: €0.03 (vs €0.12 loss in 3Q 2023)Third quarter 2024 results: EPS: €0.03 (up from €0.12 loss in 3Q 2023). Revenue: €414.6k (up 25% from 3Q 2023). Net income: €199.5k (up €1.03m from 3Q 2023). Profit margin: 48% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 39% per year, which means it is significantly lagging earnings.
공시 • Oct 15Nordnet Livsforsikring AS and Nordnet Pensionsförsäkring AB acquired 5.61% stake in EAM Solar ASA (OB:EAM).Nordnet Livsforsikring AS and Nordnet Pensionsförsäkring AB acquired 5.61% stake in EAM Solar ASA (OB:EAM) on October 14, 2024. Nordnet Livsforsikring AS and Nordnet Pensionsförsäkring AB completed the acquisition of 5.61% stake in EAM Solar ASA (OB:EAM) on October 14, 2024.
Reported Earnings • Aug 30Second quarter 2024 earnings released: €0.11 loss per share (vs €0.051 loss in 2Q 2023)Second quarter 2024 results: €0.11 loss per share (further deteriorated from €0.051 loss in 2Q 2023). Revenue: €303.5k (up 24% from 2Q 2023). Net loss: €770.7k (loss widened 119% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings.
Board Change • Jun 13Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Pål Hvammen was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 26First quarter 2024 earnings released: EPS: €0.04 (vs €0.075 in 1Q 2023)First quarter 2024 results: EPS: €0.04 (down from €0.075 in 1Q 2023). Revenue: €210.5k (flat on 1Q 2023). Net income: €262.5k (down 49% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
공시 • May 11EAM Solar ASA Elects Elisabeth Dragseth as New Member of the BoardEAM Solar ASA at the EGM held on May 10, 2024, elected Elisabeth Dragseth as new member of the board.
공시 • Mar 09EAM Solar ASA Announces Legal Status Update on Criminal Appeal Court of Milan Postpones Next Hearing to May 2024EAM Solar ASA announced that 5 March 2024, was the first of two scheduled hearings for final arguments before the Fifth Section of the Court of Appeal of Milan in relation to the ongoing criminal case brought by the Italian State for subsidy fraud, and for contractual fraud against EAM Solar ASA. The company has been informed that the second hearing has been postponed from the 20 March until 16 May 2024. are also informed that the Appeal Court intends to issue its ruling on this same date, after the conclusion of this hearing.
Reported Earnings • Mar 07Full year 2023 earnings released: €0.19 loss per share (vs €0.32 loss in FY 2022)Full year 2023 results: €0.19 loss per share (improved from €0.32 loss in FY 2022). Revenue: €992.7k (down 19% from FY 2022). Net loss: €1.28m (loss narrowed 42% from FY 2022). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Mar 01EAM Solar ASA Receives the Milan Chamber of Arbitration's Final Decision in Case Concerning Payment Obligations Between EAM Solar ASA and Aveleos SAEAM Solar ASA received the Milan Chamber of Arbitration's (CAM) final decision in the ongoing arbitration case concerning payment obligations between EAM Solar ASA and Aveleos SA under the share purchase agreement of 2013. The arbitration court decided to award both parties the right to receive payments under the SPA, including calculated interest up until 29 February 2024, and allocated these as follows: EAM Solar ASA/EAM Solar Italy Holding Srl. was granted the right to receive a payment from Aveleos of approximately EUR 4,024,418 in damages for breach of the representations and warranties up to a liability cap. Aveleos SA was granted the right to received a payment from EAM Solar ASA/Eam Solar Italy Holding Srl. of approximately EUR 1,084,605 representing the net set-off for the various contractual claims and obligations between the parties in accordance with the SPA. The conclusion of CAM's decision in the arbitration proceedings is a net amount in favour of EAM Solar ASA/E AM Solar Italy Holding Srl. the company of approximately of EUR 2,939,814. Although immediately payable, the company do not expect, based on previous experience, Aveleos SA, or its shareholders Enovos Luxembourg SA and the Renova Group, to honour any payment obligations without further legal proceedings. The CAM decision may be appealed by both parties to the civil Court of Milan. The arbitration court decided not to consider any merits relating to the ongoing criminal proceedings against directors of Aveleos SA for fraud against the State of Italy nor EAM Solar ASA in their decision.
New Risk • Feb 05New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr103.8m (US$9.71m) This is considered a major 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 Risks Less than 1 year of cash runway based on free cash flow trend (-€543k free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 24% per year over the past 5 years. Market cap is less than US$10m (kr103.8m market cap, or US$9.71m). Minor Risk Revenue is less than US$5m (€1.0m revenue, or US$1.1m).
공시 • Dec 22+ 5 more updatesEAM Solar ASA to Report Q4, 2023 Results on Mar 01, 2024EAM Solar ASA announced that they will report Q4, 2023 results on Mar 01, 2024
Reported Earnings • Nov 15Third quarter 2023 earnings released: €0.12 loss per share (vs €0.005 profit in 3Q 2022)Third quarter 2023 results: €0.12 loss per share (down from €0.005 profit in 3Q 2022). Revenue: €332.7k (down 3.4% from 3Q 2022). Net loss: €827.2k (down €864.3k from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 11% per year.
New Risk • Nov 15New major risk - Revenue and earnings growthEarnings have declined by 24% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. 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 (-€1.3m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 24% per year over the past 5 years. Market cap is less than US$10m (kr63.7m market cap, or US$5.90m). Minor Risk Revenue is less than US$5m (€1.0m revenue, or US$1.1m).
New Risk • Aug 17New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -€1.5m 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 (-€1.5m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Market cap is less than US$10m (kr57.6m market cap, or US$5.45m). Minor Risk Revenue is less than US$5m (€1.0m revenue, or US$1.1m).
Reported Earnings • Aug 17Second quarter 2023 earnings released: €0.05 loss per share (vs €0.06 profit in 2Q 2022)Second quarter 2023 results: €0.05 loss per share (down from €0.06 profit in 2Q 2022). Revenue: €245.4k (down 30% from 2Q 2022). Net loss: €351.4k (down 186% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings.
공시 • Aug 09EAM Solar ASA Provides Legal Status UpdateEAM Solar ASA announced that on 6 October 2021, the Supreme Court of Italy decided to Annual the 20th of January 2021 judgment of acquittal by the Milan Criminal Court of Appeal in the subsidy fraud case against the State of Italy and contractual fraud against EAM Solar ASA. The Supreme Court sent the criminal case back to a different chamber of the Milan Appeal Court for a new appeal consideration with the requirement that the new court proceedings must proceed with a complete review of the evidence, making correct application of the principles of law and the rules of logic as formulated in the Supreme Court decision. EAM Solar ASA is informed that the Fifth Section of the Court of Appeal of Milan has scheduled the appeal hearing in the criminal proceedings for 30 November 2023. A final decision in this criminal appeal proceeding is expected in 2024.
Reported Earnings • May 24First quarter 2023 earnings released: EPS: €0.07 (vs €0.13 loss in 1Q 2022)First quarter 2023 results: EPS: €0.07 (up from €0.13 loss in 1Q 2022). Revenue: €208.8k (down 32% from 1Q 2022). Net income: €511.5k (up €1.41m from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.
Reported Earnings • Mar 04Full year 2022 earnings released: €0.20 loss per share (vs €0.55 loss in FY 2021)Full year 2022 results: €0.20 loss per share (improved from €0.55 loss in FY 2021). Revenue: €1.22m (down 8.4% from FY 2021). Net loss: €1.34m (loss narrowed 65% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance.
Reported Earnings • Nov 20Third quarter 2022 earnings released: EPS: €0.01 (vs €0.11 loss in 3Q 2021)Third quarter 2022 results: EPS: €0.01 (up from €0.11 loss in 3Q 2021). Revenue: €344.3k (down 11% from 3Q 2021). Net income: €37.1k (up €811.6k from 3Q 2021). Profit margin: 11% (up from net loss in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Non-Executive Director Pål Hvammen was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • Nov 16+ 3 more updatesEAM Solar ASA to Report Q1, 2023 Results on May 23, 2023EAM Solar ASA announced that they will report Q1, 2023 results on May 23, 2023
Reported Earnings • Aug 18Second quarter 2022 earnings released: EPS: €0.06 (vs €0.045 loss in 2Q 2021)Second quarter 2022 results: EPS: €0.06 (up from €0.045 loss in 2Q 2021). Revenue: €350.2k (down 8.2% from 2Q 2021). Net income: €409.4k (up €718.9k from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.
Board Change • Jun 01Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Non-Executive Director Pål Hvammen was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 25First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2022 results: €0.13 loss per share (up from €0.20 loss in 1Q 2021). Revenue: €306.3k (up 18% from 1Q 2021). Net loss: €900.2k (loss narrowed 34% from 1Q 2021). Revenue exceeded analyst estimates by 63%. Earnings per share (EPS) missed analyst estimates by 7,687%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance.
Board Change • May 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. Independent Non-Executive Director Pål Hvammen was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 03Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: €0.55 loss per share (down from €0.025 loss in FY 2020). Revenue: €1.33m (up 4.9% from FY 2020). Net loss: €3.77m (loss widened €3.60m from FY 2020). Revenue exceeded analyst estimates by 63%. Earnings per share (EPS) also surpassed analyst estimates by 7,687%. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings.
Reported Earnings • Nov 17Third quarter 2021 earnings released: €0.11 loss per share (vs €0.14 profit in 3Q 2020)The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: €388.4k (up 8.8% from 3Q 2020). Net loss: €774.5k (down 181% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 29% per year.
Reported Earnings • Aug 18Second quarter 2021 earnings released: €0.05 loss per share (vs €0.14 loss in 2Q 2020)The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2021 results: Revenue: €381.6k (down 1.7% from 2Q 2020). Net loss: €309.5k (loss narrowed 67% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.
Reported Earnings • May 21First quarter 2021 earnings released: €0.20 loss per share (vs €0.21 profit in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: €260.6k (down 12% from 1Q 2020). Net loss: €1.35m (down 193% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings.
Reported Earnings • Apr 26Full year 2020 earnings released: €0.025 loss per share (vs €0.034 loss in FY 2019)The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: €1.27m (down 60% from FY 2019). Net loss: €173.0k (loss narrowed 27% from FY 2019). Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 03Full year 2020 earnings released: €0.03 loss per share (vs €0.034 loss in FY 2019)The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2020 results: Revenue: €1.27m (down 60% from FY 2019). Net loss: €180.0k (loss narrowed 24% from FY 2019). Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Feb 15New 90-day low: kr9.30The company is down 28% from its price of kr13.00 on 17 November 2020. The Norwegian market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 17% over the same period.
Valuation Update With 7 Day Price Move • Jan 28Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to €9.36, the stock is trading at a trailing P/E ratio of 7.2x, down from the previous P/E ratio of 8.8x. This compares to an average P/E of 36x in the Renewable Energy industry in Europe. Total return to shareholders over the past three years is a loss of 73%.
분석 기사 • Jan 27Here's Why We Don't Think EAM Solar's (OB:EAM) Statutory Earnings Reflect Its Underlying Earnings PotentialBroadly speaking, profitable businesses are less risky than unprofitable ones. Having said that, sometimes statutory...
Is New 90 Day High Low • Jan 21New 90-day low: kr11.35The company is down 25% from its price of kr15.15 on 23 October 2020. The Norwegian market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 32% over the same period.
Valuation Update With 7 Day Price Move • Dec 29Investor sentiment improved over the past weekAfter last week's 17% share price gain to €15.95, the stock is trading at a trailing P/E ratio of 12.1x, up from the previous P/E ratio of 10.4x. This compares to an average P/E of 33x in the Renewable Energy industry in Europe. Total return to shareholders over the past three years is a loss of 54%.
Reported Earnings • Nov 19Third quarter 2020 earnings released: EPS €0.14Third quarter 2020 results: Revenue: €356.9k (down 54% from 3Q 2019). Net income: €961.0k (down 39% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Nov 11Market bids up stock over the past weekAfter last week's 16% share price gain to €14.75, the stock is trading at a trailing P/E ratio of 6.3x, up from the previous P/E ratio of 5.5x. This compares to an average P/E of 28x in the Renewable Energy industry in Europe. Total return to shareholders over the past three years is a loss of 54%.
Is New 90 Day High Low • Oct 30New 90-day low: kr11.80The company is down 7.0% from its price of kr12.65 on 31 July 2020. The Norwegian market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 4.0% over the same period.
Valuation Update With 7 Day Price Move • Oct 30Market pulls back on stock over the past weekAfter last week's 22% share price decline to €11.80, the stock is trading at a trailing P/E ratio of 4.9x, down from the previous P/E ratio of 6.3x. This compares to an average P/E of 25x in the Renewable Energy industry in Europe. Total return to shareholders over the past three years is a loss of 63%.
Is New 90 Day High Low • Oct 14New 90-day high: kr16.30The company is up 24% from its price of kr13.10 on 16 July 2020. The Norwegian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 11% over the same period.
Valuation Update With 7 Day Price Move • Oct 14Market bids up stock over the past weekAfter last week's 30% share price gain to €16.30, the stock is trading at a trailing P/E ratio of 6.9x, up from the previous P/E ratio of 5.3x. This compares to an average P/E of 28x in the Renewable Energy industry in Europe. Total return to shareholders over the past three years is a loss of 52%.
