Soltec shares hit March low after first-half loss, revenue slumps

On Friday, Soltec Power Holdings shares hovered near €0.74, down from a peak of 7.5% earlier in the day, marking their lowest level since March 4. The shares underperformed the wider London market, which had closed 0.24% lower the previous session. Soltec disclosed a first-half net loss of €28.2 million and revenue of €9 million, results hampered by minimal commercial activity in 2024 and 2025 and the company's unfinished financial restructuring.

A significant chunk of the loss stemmed from the Energy division, which reported an €25.7 million loss, including €16 million from impairments and valuation adjustments on projects under development for sale. Despite the setbacks, Soltec's Industrial division, now the core of the company's strategy, managed a near €1 million profit.

The pre-earnings consensus workbook provided by the company does not include a populated 1H26 revenue or profit consensus for the 1H26 period, so the results cannot be deemed a beat or miss against that dataset. Soltec has cut structural costs by over 50% as it pivots towards a more specialized business centered on solar trackers and less capital-intensive operations.

Its commercial pipeline has rebounded to over 44 GW across 420 projects in 26 countries, with more than 20 projects in final award stages. Moreover, the company has bolstered its commercial organization in EMEA, Latin America, and North America as it resumes tendering and project activity post-financial restructuring.