About MINEST

Founded: 2007
Employees: 36
CEO: Martin Edlund
WebsiteView website: minesto.com

Minesto AB (publ), together with its subsidiaries, operates as a marine energy developer in Sweden, Wales, the Faroe Islands, Northern Ireland, and Taiwan. The company offers kite system turbines, which produces electricity from tidal streams and ocean currents. It also provides site development, operations, and maintenance services. Minesto AB (publ) was incorporated in 2007 and is headquartered in Gothenburg, Sweden.

Recent MINEST News & Updates

New Risk • Jun 02

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 Swedish stocks, typically moving 15% 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 (-kr38m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 9.8% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (26% increase in shares outstanding). Revenue is less than US$5m (kr22m revenue, or US$2.4m). Market cap is less than US$100m (kr356.4m market cap, or US$38.3m).

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About MINEST

Recent MINEST News & Updates

We're Keeping An Eye On Minesto's (STO:MINEST) Cash Burn Rate

Minesto AB Approves Election of Philippe Kavafyan as Director

New major risk - Share price stability

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Minesto AB (publ) Competitors

Lindab International

Instalco

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