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Metacon

0.10 SEK-0.30 %21/10 10:31
Less than 1K followers

META

First North Stockholm

Industrial Goods & Services

Industrials

Overview
Financials & Estimates
Ownership
Short Selling
Investor views
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-0.30 %
-23.43 %
-45.70 %
-62.45 %
-75.11 %
-80.45 %
-75.97 %
-96.34 %
-56.84 %

Metacon is an energy technology company that develops and sells small and large energy systems for the production of hydrogen, electricity and heat. The company's offering includes electrolysis, reforming and combined energy systems, with customers in industry, transport and real estate. Metacon operates internationally. The company was founded in 2011 and is headquartered in Örebro.

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Market cap
174.54M SEK
Turnover
78.4K SEK
P/E (adj.) (26e)
-2.02
EV/EBIT (adj.) (26e)
-1.73
P/B (26e)
2.57
EV/S (26e)
0.59
Dividend yield-% (26e)
-
Coverage
Recommendation
Accumulate
Target price
0.15 SEK
Updated
2026-09-10
Disclaimer
Lucas Mattsson
Lucas Mattsson

Head of Equity Research, Sweden

Latest research

Latest analysis report

Released: 2026-09-10

Latest extensive report

Released: 2025-10-06

Revenue and EBIT-%
EPS and dividend
Financial calendar
Risk
Business risk
Valuation risk
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Forum discussions
Here is the company report from Lucas following Metacon’s Q2 results Although Metacon continued to execute on its order backlog in its Q2 report, we believe the key takeaways were the weak order intake and management’s comments on the slow development of the market. With the order...
8/13/2026, 5:50 AM
by Sijoittaja-alokas
2
Several pieces of news from Metacon this week If there is anything specific you are wondering about, you can always ask analyst @lucas.mattsson directly here in the thread.
7/3/2026, 9:45 AM
by Jesper Hagman
2
Here are Lucas’s comments regarding the recent press release. Metacon announced on Thursday that it has been granted a subsidy of up to SEK 111 million from Klimatklivet for the construction of a 10 MW electrolysis plant in Uppsala. In our view, the project strengthens the long-term...
7/3/2026, 5:41 AM
by Sijoittaja-alokas
2
Here are Lucas’s comments on Metacon’s new order. Inderes – 2 Jul 26 Metacon: DIFFERin T&K-tilaus vahvistaa suunnitteluosaamista - Inderes Erikoistuneen testausyksikön kehittäminen DIFFERille vahvistaa yhtiön sisäistä suunnittelu- ja reaktorisuunnitteluosaamista.
7/2/2026, 5:19 AM
by Sijoittaja-alokas
2
Here are Lucas’s comments regarding the preliminary results of Metacon’s offering Inderes – 29 Jun 26 Metacon: Annin alustava tulos 71 % enimmäisbruttovaroista - Inderes Merkintäoikeusannin odotetaan toteutuvan noin 71-prosenttisesti enimmäismäärästä eli noin 77 MSEK:iin ennen kuluja...
6/29/2026, 4:50 AM
by Sijoittaja-alokas
2
Here are Lucas’s comments on Metacon receiving EU funding for an AEM electrolysis R&D project Inderes – 8 Oct 26 Metaconille EU-rahoitus AEM-elektrolyysin T&K-hankkeelle - Inderes Julkinen rahoitus kattaa 80 % uudesta T&K-projektista, jonka tavoitteena on kehittää jalometallitonta...
10/8/2026, 5:55 AM
by Sijoittaja-alokas
1
Lucas’ comments on Metacon launching an electrolysis module that reduces footprint and balance-of-plant costs for large-scale hydrogen production plants Metacon announced on Tuesday the launch of a new 20 MW multi-level alkaline electrolysis module designed to reduce footprint and...
9/30/2026, 6:02 AM
by Sijoittaja-alokas
1
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
4/11
2026

Interim report Q3'26

10/2
2027

Annual report '26

Regulatory press release2026-10-09 11:49

Metacon AB: Metacon beviljas EU-finansiering för projekt inom produktion av grön vätgas med hög renhet från biogas

Metacon
Regulatory press release2026-10-09 11:49

Metacon AB: Metacon receives EU funding for project targeting high-purity green hydrogen production from biogas

Metacon
Regulatory press release2026-10-08 13:57

Metacon AB: Metacon awarded EU funding for reforming-based biomethane-to-hydrogen pilot project in Crete

Metacon

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Regulatory press release2026-10-08 13:57

Metacon AB: Metacon beviljas EU-stöd för vätgasprojekt på Kreta inom reformering av biometan

Metacon
Analyst Comment2026-10-08 07:39 by
Lucas Mattsson

Metacon awarded EU funding for AEM electrolysis R&D project

Public funding covers 80% of a new R&D project to develop precious metal-free AEM electrolysis.

Metacon
Regulatory press release2026-10-07 14:59

Metacon AB: Metacon beviljas EU-bidrag för utveckling av nästa generations AEM-elektrolys

Metacon
Regulatory press release2026-10-07 14:59

Metacon AB: Metacon awarded EU funding for next-generation AEM electrolysis R&D project

Metacon
Metacon launches 20 MW module to lower infrastructure costs
Analyst Comment2026-09-30 06:50 by
Lucas Mattsson

Metacon launches 20 MW module to lower infrastructure costs

New 20 MW module design cuts infrastructure costs by up to 70% to improve hydrogen plant competitiveness.

Metacon
Regulatory press release2026-09-29 11:14

Metacon AB: Metacon lanserar elektrolysmodul på 20 MW som kraftigt minskar kostnader och ytbehov för stora vätgasanläggningar

Metacon
Regulatory press release2026-09-29 11:14

Metacon AB: Metacon launches 20 MW electrolyser module with major cost and footprint reductions for large hydrogen plants

Metacon
Analyst Comment2026-09-11 06:45 by
Lucas Mattsson

Metacon launches more efficient PERIC electrolyzer stacks

New stack designs boost operating current density by 17%, yet converting the sales pipeline remains the primary challenge.

Metacon
Regulatory press release2026-09-10 15:10

Metacon AB: Metacon launches next-generation PERIC electrolyser stacks on the European market

Metacon
Regulatory press release2026-09-10 15:10

Metacon AB: Metacon lanserar nästa generations elektrolysörstackar från PERIC på den europeiska marknaden

Metacon
Metacon: Visibility low, but the valuation is worth the risk
Research2026-09-10 06:30 by
Lucas Mattsson

Metacon: Visibility low, but the valuation is worth the risk

Given that the share price has fallen by roughly 35% since our last update, we believe the risk/reward has become more favorable, with the company now trading in the lower end of our fair value range.

Metacon
Regulatory press release2026-09-09 10:37

Metacon AB: Metacon utser Mattias Brodin till interim CFO

Metacon
Regulatory press release2026-09-09 10:37

Metacon AB: Metacon appoints Mattias Brodin as interim CFO

Metacon
Metacon: targets 35% fixed cost reduction by 2027
Analyst Comment2026-08-28 06:43 by
Lucas Mattsson

Metacon: targets 35% fixed cost reduction by 2027

In our view, this is a logical and necessary step to reduce cash burn and extend the company's financial runway.

Metacon
Regulatory press release2026-08-27 08:30

Metacon AB: Metacon implements cost efficiency improvements to achieve profitability faster

Metacon
Regulatory press release2026-08-27 08:30

Metacon AB: Metacon genomför kostnadseffektiviseringar för att snabbare nå lönsamhet

Metacon
Metacon Q2'26: Exekvering enligt plan, men nya ordrar dröjer6:25
Video2026-08-17 15:46 by
Jesper Hagman, Lucas Mattsson

Metacon Q2'26: Exekvering enligt plan, men nya ordrar dröjer

I analytikerintervjun diskuterar vi pipelinen, finansieringsbehovet och faktorerna bakom vår rekommendation efter Q2-rapporten.

Metacon