New Risk • May 07
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: US$4.2m This is considered a minor risk. Companies with a small amount of revenue 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: Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$14m). Revenue is less than US$5m (US$4.2m revenue). Market cap is less than US$100m (kr289.3m market cap, or US$31.4m). Reported Earnings • Apr 30
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: US$0.45 loss per share (improved from US$0.79 loss in FY 2024). Net loss: US$10.0m (loss narrowed 43% from FY 2024). Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) missed analyst estimates by 128%. Revenue is expected to decline by 4.0% p.a. on average during the next 2 years, while revenues in the Renewable Energy industry in Europe are expected to grow by 5.3%. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Duyuru • Dec 23
MPC Energy Solutions N.V., Annual General Meeting, May 18, 2026 MPC Energy Solutions N.V., Annual General Meeting, May 18, 2026. Recent Insider Transactions • Nov 12
Interim CEO recently bought kr115k worth of stock On the 10th of November, Stefan H. Meichsner bought around 9k shares on-market at roughly kr12.80 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Stefan H.'s only on-market trade for the last 12 months. Reported Earnings • Nov 09
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: US$0.085 loss per share (further deteriorated from US$0.017 loss in 3Q 2024). Revenue: US$2.75m (down 18% from 3Q 2024). Net loss: US$1.90m (loss widened 394% from 3Q 2024). Revenue exceeded analyst estimates by 38%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Breakeven Date Change • Aug 26
Forecast breakeven date pushed back to 2026 The 2 analysts covering MPC Energy Solutions previously expected the company to break even in 2025. New consensus forecast suggests losses will reduce by 96% to 2025. The company is expected to make a profit of US$2.35m in 2026. Average annual earnings growth of 114% is required to achieve expected profit on schedule. Reported Earnings • Aug 03
Second quarter 2025 earnings released: US$0.064 loss per share (vs US$0.23 loss in 2Q 2024) Second quarter 2025 results: US$0.064 loss per share (improved from US$0.23 loss in 2Q 2024). Revenue: US$2.85m (down 5.2% from 2Q 2024). Net loss: US$1.42m (loss narrowed 72% from 2Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Renewable Energy industry in Europe. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Breakeven Date Change • Aug 01 The analyst covering MPC Energy Solutions previously expected the company to break even in 2025. New forecast suggests the company will make a profit of US$600.0k in 2025. Earnings growth of 70% is required to achieve expected profit on schedule.
Breakeven Date Change • May 04 The 2 analysts covering MPC Energy Solutions previously expected the company to break even in 2025. New consensus forecast suggests the company will make a profit of US$5.00m in 2025.
Reported Earnings • Apr 27
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: US$0.79 loss per share (further deteriorated from US$0.38 loss in FY 2023). Revenue: US$11.6m (up 28% from FY 2023). Net loss: US$17.5m (loss widened 106% from FY 2023). Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 105%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Renewable Energy industry in Norway. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 01
Third quarter 2024 earnings released: US$0.017 loss per share (vs US$0.10 loss in 3Q 2023) Third quarter 2024 results: US$0.017 loss per share (improved from US$0.10 loss in 3Q 2023). Revenue: US$3.34m (up 19% from 3Q 2023). Net loss: US$385.0k (loss narrowed 83% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. New Risk • Oct 14
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: -US$9.6m 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 (-US$9.6m free cash flow). Earnings have declined by 45% per year over the past 5 years. Minor Risk Market cap is less than US$100m (kr277.0m market cap, or US$25.7m). Recent Insider Transactions • Sep 01
Interim CEO recently bought kr51k worth of stock On the 28th of August, Stefan H. Meichsner bought around 5k shares on-market at roughly kr11.44 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Stefan H.'s only on-market trade for the last 12 months. Reported Earnings • Aug 01
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: US$0.23 loss per share (further deteriorated from US$0.067 loss in 2Q 2023). Revenue: US$3.01m (up 27% from 2Q 2023). Net loss: US$5.08m (loss widened 241% from 2Q 2023). Revenue missed analyst estimates by 25%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Renewable Energy industry in Norway. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$0.02 (vs US$0.048 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.02 (up from US$0.048 loss in 1Q 2023). Revenue: US$2.53m (up 51% from 1Q 2023). Net income: US$439.0k (up US$1.51m from 1Q 2023). Profit margin: 17% (up from net loss in 1Q 2023). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Renewable Energy industry in Norway. Reported Earnings • Apr 03
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: US$0.38 loss per share (further deteriorated from US$0.25 loss in FY 2022). Net loss: US$8.49m (loss widened 51% from FY 2022). Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 27%. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Renewable Energy industry in Norway. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Duyuru • Jan 19
MPC Energy Solutions N.V., Annual General Meeting, Apr 11, 2024 MPC Energy Solutions N.V., Annual General Meeting, Apr 11, 2024. Reported Earnings • Oct 29
Third quarter 2023 earnings released: US$0.10 loss per share (vs US$0.082 loss in 3Q 2022) Third quarter 2023 results: US$0.10 loss per share (further deteriorated from US$0.082 loss in 3Q 2022). Net loss: US$2.23m (loss widened 32% from 3Q 2022). Revenue is forecast to grow 79% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Renewable Energy industry in Norway. Duyuru • Oct 27
MPC Energy Solutions Provides Revenue Guidance for the 2023 MPC Energy Solutions provides revenue guidance for the 2023. The Company now projects to record USD 9 to 9.5 million in revenues. Reported Earnings • Aug 01
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: US$0.067 loss per share (further deteriorated from US$0.02 loss in 2Q 2022). Net loss: US$1.49m (loss widened 238% from 2Q 2022). Revenue exceeded analyst estimates by 37%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 77% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Renewable Energy industry in Norway. Duyuru • Jul 06
MPC Energy Solutions N.V. Announces CEO Changes MPC Energy Solutions informs that Martin Vogt has resigned CEO of the C Company and will step down from his position with immediate effect. Stefan H.A. Meichsner, the Company's Chief Financial Officer, will takeover the responsibilities and the Board of Directors will initiate a succession process for the CEO position. Major Estimate Revision • Apr 21
Consensus revenue estimates fall by 37% The consensus outlook for revenues in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from US$19.0m to US$12.0m. Forecast losses increased from -US$0.02 to -US$0.21 per share. Renewable Energy industry in Norway expected to see average net income growth of 20% next year. Consensus price target down from kr26.56 to kr23.06. Share price was steady at kr12.80 over the past week. Breakeven Date Change • Nov 16
Forecast breakeven date pushed back to 2024 The analyst covering MPC Energy Solutions previously expected the company to break even in 2023. New forecast suggests the company will make a profit of US$4.00m in 2024. Average annual earnings growth of 118% is required to achieve expected profit on schedule. Major Estimate Revision • Oct 14
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$5.00m to US$3.00m. EPS estimate unchanged from -US$0.29 per share at last update. Renewable Energy industry in Norway expected to see average net income growth of 22% next year. Consensus price target down from kr37.11 to kr25.62. Share price rose 3.1% to kr14.02 over the past week. Breakeven Date Change • Apr 27
Forecast to breakeven in 2023 The analyst covering MPC Energy Solutions expects the company to break even for the first time. New forecast suggests the company will make a profit of US$11.0m in 2023. Average annual earnings growth of 150% is required to achieve expected profit on schedule. Breakeven Date Change • Apr 22
Forecast to breakeven in 2023 The analyst covering MPC Energy Solutions expects the company to break even for the first time. New forecast suggests the company will make a profit of US$11.0m in 2023. Average annual earnings growth of 150% is required to achieve expected profit on schedule. Recent Insider Transactions • Jul 10
Member of the Supervisory Board recently bought kr335k worth of stock On the 9th of July, Kathryn Baker bought around 10k shares on-market at roughly kr33.53 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Duyuru • Feb 06
MPC Energy Solutions Closes Asset Development Agreement and Strategic Partnership for Projects in the Caribbean and Asia Pacific with Enernet Global MPC Energy Solutions has announced the closing of an asset development agreement and strategic partnership with Enernet Global. The new partnership provides the company with access to the growing microgrid sector in established and new markets. The news of the partnership follows an investment into Enernet Global that has seen MPC Energy Solutions become a minority shareholder of the company. Enernet Global will develop the asset pipeline and performs the construction management. MPC Energy Solutions will acquire the projects prior to construction start and remain the long-term asset owner. MPC Energy Solutions will have access to Enernet Global's project pipeline in target markets, which utilize a combination of solar PV, wind, battery, hydro, and/or combined heat and power technologies with clients (off-takers) from the corporate and utility sector. The partnership will also help MPC Energy Solutions further extend its pipeline of renewable energy projects in the Caribbean as well as enter the Asia-Pacific region, where it will look to grow its portfolio.