Solar Foods Oyj Class K
5.81
USD
+0.55
(+10.46%)
ISIN
FI4000577192
Return %
Stock
S&P 500
1Y
274.40
14.20
3Y
274.40
81.12
5Y
274.40
68.34
Capital Structure
EUR
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in mil. unless spec.Working Capital
EUR
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in mil. unless spec.Growth Rates
EUR
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in mil. unless spec.Semi-annual Revenue
EUR
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Rami Jokela
- Sector
- Health technology
- Industry
- Pharmaceuticals: other
- Address
- Lappeenranta Finland
- IPO Date
- Sep 10, 2024
- Website
- solarfoods.fi
- Similar Companies
- Business
- Solar Foods Oyj is a Finland-based food biotechnology company that specializes in the research, development, and commercial production of novel single-cell proteins through gas fermentation technology. The company manufactures sustainable food-grade proteins utilizing carbon dioxide, hydrogen, electricity, and mineral nutrients, decoupling nutrition production from traditional agriculture, arable land use, and climatic conditions. Its flagship product is Solein, a versatile, single-cell microbial protein ingredient comprising essential amino acids, iron, dietary fiber, and B-vitamins. The company's product and service portfolio comprises Solein bulk protein powder for industrial food manufacturing; specialized nutritional formulations for the health, active lifestyle, and performance nutrition segments, including ready-to-mix powders and ready-to-drink beverages; functional food matrices for dairy, egg, and meat alternatives, such as non-dairy beverages, yogurts, spreads, and mayonnaise; fortified dry ingredients for baked goods, pasta, snacks, and confectionery; and proprietary concept development, prototype formulation, and bioprocess application support services for commercial food brand partners. Founded in 2017 and headquartered in Vantaa, Finland, Solar Foods serves food manufacturers and consumer packaged goods enterprises across international markets, including Singapore, the United States, Japan, and the European Union. In recent developments, the company completed its public listing on the Nasdaq First North Growth Market Finland in September 2024 under the ticker symbol SFOODS. Solar Foods has achieved full operational scale-up at its commercial-scale demonstration facility, Factory 01, in Vantaa and secured 77.8 million euros in grant and loan financing to fund the planning and construction of Factory 02, an industrial-scale manufacturing plant located in Lappeenranta, Finland. The company has also expanded its global commercial footprint through product development partnerships with Ajinomoto, Ambrosia Collective, and Fermenta, secured energy infrastructure agreements with Fortum, obtained United States patent clearance for its production methodology, and advanced regulatory expansion through a U.S. Generally Recognized as Safe notification alongside European Union novel food approval filings.