Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  SolTech Energy Sweden AB (publ)    SOLT   SE0005392537

SOLTECH ENERGY SWEDEN AB (PUBL)

(SOLT)
  Report
SummaryChartsNewsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

SolTech Energy Sweden : Group signs two new orders in China that provide approx SEK 20.6 million during the contract period

10/28/2020 | 01:30am EST

Advanced Soltech's subsidiary in China, ASRE, has signed an order with WuHu YouJu Plastic Mold Co. Ltd., and an order with Anhui QianHong Household Products Co. Ltd. The orders concern the installation of a solar power plant of 0.8 megawatts (MW) and one of 0.4 megawatts (MW). They are estimated to provide a total annual revenue of approximately SEK 1.03 million, or approximately SEK 20.6 million during the agreements' 20-year term. The investments in the facilities, which will be owned by ASRE, amount to a total of apx. SEK 6.76 million and construction is scheduled to start in the fourth quarter of 2020.

Advanced Soltechs CEO Max Metelius comments:

- We see very strong demand for our offering, and we have a well functioning sales process that continues to deliver good projects to our portfolio of solar power projects. These projects show good profitability and are carried out completely without subsidies.

About the China venture

In China ASAB operates through, its wholly owned local subsidiaries Advanced Soltech Renewable Energy (Hangzhou) Co. Ltd, ASRE and Longrui Solar Energy (Suqian) Co. Ltd. The business model consists of financing, installing, owning and managing solar energy installations on customers' roofs in China. The customer does not pay for the plant, but instead undertakes to buy the electricity that the plant produces under a 20-year agreement. Current income comes from the sale of electricity to customers and from subsidies. The goal is to have an installed capacity of 1,000 megawatts (MW) by 2023, which is fully connected to the electricity grid by 2024. ASAB is 51% owned by Soltech Energy Sweden AB (publ) and 49% by Soltech's Chinese partner, Advanced Solar Power Hangzhou Inc.

© Modular Finance, source Nordic Press Releases

All news about SOLTECH ENERGY SWEDEN AB (PUBL)
11/12SOLTECH ENERGY SWEDEN : group signs order in China that provides approx SEK 19.6..
AQ
11/04SOLTECH ENERGY SWEDEN : group signs order in China that provide SEK 20.59 millio..
AQ
11/03SOLTECH ENERGY SWEDEN () : quarterly report for the period July - September 2020
AQ
10/28SOLTECH ENERGY SWEDEN : Group signs two new orders in China that provide approx ..
AQ
10/26SOLTECH ENERGY SWEDEN : group signs orders in China that provide approx. SEK 18...
AQ
09/29SOLTECH ENERGY SWEDEN : acquires Din Takläggare in Arvika
AQ
09/29SOLTECH ENERGY SWEDEN : Eurocommercial invests heavily in solar energy with Solt..
AQ
09/28SOLTECH ENERGY SWEDEN : acquires roofing companies in Växjö and in Kalmar
AQ
09/24SOLTECH ENERGY SWEDEN : subsidiary Advanced raises SEK 131.5 million in a new is..
AQ
09/16SOLTECH ENERGY SWEDEN : ASRE signs order in China that provide SEK 15 million du..
AQ
More news
Financials
Sales 2019 264 M 31,1 M 31,1 M
Net income 2019 -39,9 M -4,70 M -4,70 M
Net Debt 2019 756 M 89,0 M 89,0 M
P/E ratio 2019 -22,5x
Yield 2019 -
Capitalization 1 864 M 219 M 219 M
EV / Sales 2018 11,8x
EV / Sales 2019 6,77x
Nbr of Employees -
Free-Float 100,0%
Chart SOLTECH ENERGY SWEDEN AB (PUBL)
Duration : Period :
SolTech Energy Sweden AB (publ) Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SOLTECH ENERGY SWEDEN AB (PUBL)
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
 
Mean consensus -
Number of Analysts
Average target price
Last Close Price 26,76 
Spread / Highest target -
Spread / Average Target -
Spread / Lowest Target -
Managers
NameTitle
Stefan Ölander Chief Executive Officer & Director
Anna Kinberg Batra Chairman
Mats Bertil Holmfeldt Chief Financial Officer
Frederic Telander Director
Göran Starkebo Director