Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Portfolio
  • Forum
  • Q&A
  • About Us
    • Our Coverage
    • Team
Analyst Comment

Solar Foods launches Solein in the US

By Thomas WesterholmAnalyst
Solar Foods

Translation: Original published in Finnish on 11/20/2024 at 9:04 am EET.

Solar Foods announced in a press release this morning that it has begun marketing Solein in the United States. The company achieved self-affirmed GRAS (Generally recognized as safe) status for Solein in the US in September 2024. Since then, Solar Foods has registered its Factory 01 production facility in Vantaa, Finland, with the US Food and Drug Administration (FDA) and completed other requirements to commercialize Solein in the United States. 

The US is only the second market in which Solein can be sold (Singapore is the first), so the launch significantly increases Solein's sales potential.  The launch of Solein with Restaurant Olmsted is sure to generate positive media coverage for the company.  However, in order to generate significant revenue, the company will need to secure collaborations with large food manufacturers or restaurant chains, and this area of the news flow is of particular interest to us.

Solar Foods established in 2017 is a global leader in sustainable protein production, solving the global food production problem by offering a completely new alternative to existing animal and plant proteins. Solar Foods’ first product is the naturally occurring single-cell protein Solein®, which can be used as a food raw material with high protein content. In the long run, Solein production will improve global availability of protein and increase price and quality stability of food raw materials by disconnecting food production from agriculture.

Read more on company page

Key Estimate Figures2024-09-27

202324e25e
Revenue0.00.22.0
growth-%49.8 %2,937.2 %990.5 %
EBIT (adj.)-6.8-6.1-8.8
EBIT-% (adj.)-113,419.2 %-3,368.6 %-442.2 %
EPS (adj.)-0.37-0.31-0.39
Dividend0.000.000.00
Dividend %
P/E (adj.)-neg.neg.
EV/EBITDA-43.074.7

Forum discussions

Most likely, the sales dip caused by Springvest’s in-kind dividend has recovered. This bounce then perhaps caused speculation that the big players...
12/5/2025, 9:51 AM
2
What happened to this yesterday? The stock has been in a downward trend all autumn, and suddenly yesterday afternoon it started to rocket, ending...
12/5/2025, 4:35 AM
by Hapoel
1
Solar Foods adds new initiatives to the US market. This time, protein products with Pothos. Presumably, the direct impact of the cooperation...
11/19/2025, 11:43 AM
by Thomas Westerholm
5
Here are Thomas’s comments regarding this latest bar news. Solar Foods’ collaboration with Fermenta is a step towards strengthening Solein’s...
11/13/2025, 6:17 AM
by Sijoittaja-alokas
1
Fermenta Introduces Protein Bars Made from Solein® in the United States | Kauppalehti
11/12/2025, 7:57 AM
by Alamäki
2
I forgot to post earlier, but in the summer I got to taste a Solein protein bar. I liked it myself and it tasted just like a protein bar – except...
11/11/2025, 7:27 PM
13
Current status: During my visit to Solar Foods first factory, I was informed the main production has been deliberately shut down. Production...
11/10/2025, 7:56 AM
by Mika
5
Find us on social media
  • Inderes Forum
  • Youtube
  • Instagram
  • Facebook
  • X (Twitter)
Get in touch
  • info@inderes.se
  • +46 8 411 43 80
  • Vattugatan 17, 5tr
    111 52 Stockholm
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.