Powercell Sweden AB (publ)
STO:PCELL
Powercell Sweden AB (publ)
PowerCell Sweden AB engages in the development and production of power systems for stationary and mobile customer applications. The company is headquartered in Goeteborg, Vastra Gotalands and currently employs 83 full-time employees. The company went IPO on 2014-12-19. The company is engaged in the development, manufacture and sales of power systems with fuel cell and reformer technology. Its systems work both fossil and renewable fuels and convert them to hydrogen, which drives the power cells. The Company’s product offering comprises: Fuel Cell Stack, designed to work in the auxiliary power unit (APU) environment on reformate gas or hydrogen and varying from one to six kilowatts (kW); and PowerPac, a complete electric power-generating unit operating in the range between one and three kW, which uses low sulfur road diesel. The possible applications of its products include telecommunication, transport, power supply to buildings, and military.
PowerCell Sweden AB engages in the development and production of power systems for stationary and mobile customer applications. The company is headquartered in Goeteborg, Vastra Gotalands and currently employs 83 full-time employees. The company went IPO on 2014-12-19. The company is engaged in the development, manufacture and sales of power systems with fuel cell and reformer technology. Its systems work both fossil and renewable fuels and convert them to hydrogen, which drives the power cells. The Company’s product offering comprises: Fuel Cell Stack, designed to work in the auxiliary power unit (APU) environment on reformate gas or hydrogen and varying from one to six kilowatts (kW); and PowerPac, a complete electric power-generating unit operating in the range between one and three kW, which uses low sulfur road diesel. The possible applications of its products include telecommunication, transport, power supply to buildings, and military.
Strong Growth: PowerCell reported Q3 revenue growth of 90% year-on-year, and year-to-date revenue is up over 50%.
Solid Margins: Gross margin continued to improve, though not at record levels, and the company maintained positive EBITDA on a rolling 12-month basis.
Operational Resilience: PowerCell successfully delivered major projects on time and has demonstrated industrial stability and focused execution.
Marine & Power Generation: Continued commercial traction in the marine sector, breaking into the bulk carrier segment, and new orders in power generation, with expectations for power generation to become the largest segment.
Cost Discipline: Management emphasized growth without inflating the cost base and plans to run 2026 on a lower overhead cost base.
Data Center Opportunity: Significant interest from data center operators for fuel cell solutions; a more targeted product offering will be introduced in Q4.
Guidance on Cash Flow: Management feels comfortable regarding cash flow as large project deliveries are completed, triggering payments.
