New Risk • May 01
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 Danish stocks, typically moving 9.7% 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 (-kr.7.7m free cash flow). Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risk Market cap is less than US$100m (kr.119.6m market cap, or US$18.8m). Reported Earnings • Apr 08
Full year 2025 earnings released: kr.0.12 loss per share (vs kr.0.44 loss in FY 2024) Full year 2025 results: kr.0.12 loss per share (improved from kr.0.44 loss in FY 2024). Revenue: kr.52.8m (up 14% from FY 2024). Net loss: kr.3.76m (loss narrowed 73% from FY 2024). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 50% per year, which means it is significantly lagging earnings. New Risk • Mar 17
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 Danish stocks, typically moving 6.8% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-kr.8.8m free cash flow). Revenue has declined by 40% over the past year. Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (kr.122.3m market cap, or US$18.9m). Announcement • Dec 30
Ennogie Solar Group A/S, Annual General Meeting, Apr 30, 2026 Ennogie Solar Group A/S, Annual General Meeting, Apr 30, 2026. New Risk • Sep 22
New major risk - Revenue and earnings growth Revenue has declined by 44% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 (-kr.4.4m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Revenue has declined by 44% over the past year. Minor Risk Market cap is less than US$100m (kr.176.8m market cap, or US$28.0m). Reported Earnings • Aug 26
Second quarter 2025 earnings released: kr.0.13 loss per share (vs kr.0.11 loss in 2Q 2024) Second quarter 2025 results: kr.0.13 loss per share (further deteriorated from kr.0.11 loss in 2Q 2024). Revenue: kr.4.78m (down 56% from 2Q 2024). Net loss: kr.4.18m (loss widened 21% from 2Q 2024). Reported Earnings • May 31
First quarter 2025 earnings released: kr.0.16 loss per share (vs kr.0.20 loss in 1Q 2024) First quarter 2025 results: kr.0.16 loss per share (improved from kr.0.20 loss in 1Q 2024). Revenue: kr.4.43m (down 14% from 1Q 2024). Net loss: kr.5.03m (loss narrowed 22% from 1Q 2024). Reported Earnings • Apr 18
Full year 2024 earnings released: kr.0.44 loss per share (vs kr.0.28 loss in FY 2023) Full year 2024 results: kr.0.44 loss per share (further deteriorated from kr.0.28 loss in FY 2023). Revenue: kr.46.2m (down 53% from FY 2023). Net loss: kr.13.9m (loss widened 74% from FY 2023). Over the last 3 years on average, earnings per share has increased by 134% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Board Change • Mar 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Klaus Lorentzen was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Feb 05
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 Danish stocks, typically moving 11% 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 (-kr.10m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Revenue has declined by 37% over the past year. Minor Risk Market cap is less than US$100m (kr.160.5m market cap, or US$22.4m). New Risk • Dec 27
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 Danish stocks, typically moving 10% 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 (-kr.10m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Revenue has declined by 37% over the past year. Minor Risk Market cap is less than US$100m (kr.244.5m market cap, or US$34.2m). Announcement • Dec 23
Ennogie Solar Group A/S, Annual General Meeting, Apr 25, 2025 Ennogie Solar Group A/S, Annual General Meeting, Apr 25, 2025. Reported Earnings • Nov 28
Third quarter 2024 earnings released: kr.0.03 loss per share (vs kr.0.02 loss in 3Q 2023) Third quarter 2024 results: kr.0.03 loss per share (further deteriorated from kr.0.02 loss in 3Q 2023). Revenue: kr.14.1m (down 43% from 3Q 2023). Net loss: kr.937.0k (loss widened 68% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 155% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. New Risk • Sep 05
New major risk - Revenue and earnings growth Revenue has declined by 16% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 (-kr.20m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Revenue has declined by 16% over the past year. Minor Risk Market cap is less than US$100m (kr.344.8m market cap, or US$51.3m). Reported Earnings • Sep 05
Second quarter 2024 earnings released: kr.0.11 loss per share (vs kr.0.10 loss in 2Q 2023) Second quarter 2024 results: kr.0.11 loss per share (further deteriorated from kr.0.10 loss in 2Q 2023). Revenue: kr.11.0m (down 51% from 2Q 2023). Net loss: kr.3.46m (loss widened 17% from 2Q 2023). New Risk • Mar 27
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 Danish stocks, typically moving 9.5% 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 Risks Latest financial reports are more than 1 year old (reported December 2021 fiscal period end). 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 (13% increase in shares outstanding). Market cap is less than US$100m (kr.373.2m market cap, or US$54.2m). New Risk • Feb 01
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 Danish stocks, typically moving 7.2% 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 2021 fiscal period end). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (kr.475.1m market cap, or US$69.3m). Board Change • Jan 24
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Director Peter Ott is the most experienced director on the board, commencing their role in 2019. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 08
Ennogie Solar Group A/S has completed a Follow-on Equity Offering in the amount of DKK 50.41605 million. Ennogie Solar Group A/S has completed a Follow-on Equity Offering in the amount of DKK 50.41605 million.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 2,965,650
Price\Range: DKK 17
Transaction Features: Subsequent Direct Listing New Risk • Jun 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% 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 No financial data reported. Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (kr.638.9m market cap, or US$93.3m).