In this week’s analysis – a high risk stock with good opportunities!
Aksjeanalyser.com looks at a small but exciting company!
Absolicon Solar Collector AB (ticker on Spotlight SE: ABSL B)
The stock has doubled in two weeks recently (February 25 to March 10, 2026), but then had a sharp correction down again by around 75 percent from the peak on March 10, 2026.
Several positive technical signals have been triggered for the stock, and Aksjeanalyser.com believes it may now be at a very favorable level to buy, around the current price level.
Yes, clearly high risk, but also good opportunities for a new multiplication for this stock within a short period of time, such as Aksjeanalyser.com assesses it.
Briefly about the company
Absolicon Solar Collector AB (ticker on Spotlight SE: ABSL B)
Absolicon AB develops, manufactures, and supplies solar energy systems. The company generates renewable energy in various forms, such as thermal energy, solar electricity, solar cooling, solar heating, and solar steam. The company was founded by Bengt Joakim Bystroem on February 20, 2007, and is headquartered in Harnosand, Sweden.
Here’s a little more about the company from their website:
“Absolicon revolutionizes heat supply
The world is changing rapidly. At Absolicon, we are committed to the transition to renewable heat and envision a sustainable industry. We help industries transition away from fossil fuels by providing a profitable, easy-to-install, and emission-free energy solution using solar thermal resources. Our latest solar collector is the Absolicon T160. With an operating temperature of up to 160°C, the T160 can supply heat and steam to a wide range of processes and industry segments. Together with the T160 solar collector, Absolicon has developed a complete production line for our T160, with the capacity to produce one complete collector every 6 minutes.
Our production lines supply local markets with our high-quality solar collectors, minimizing transport and optimizing the logistics economy of the collectors. Absolicon was established in 2005 as a research and development company in solar technology. Today, Absolicon is a business company with more than a decade of operational experience from over 6,000 square meters of installed area in 20 installations around the world. The Absolicon T160 technology is certified with the Solar Keymark, and Absolicon has been awarded the Solar Impulse label twice. By developing, manufacturing and selling solar energy systems that generate renewable energy in various forms, we are committed to helping solve the world’s energy problem.”
For more information about the company, visit their websites here.
Feel free to also watch the video presentation here.
Technical Analysis of Absolicon
(ticker on Spotlight SE: ABSL B)
The Absolicon share has shown a very weak performance for several years, but has recently triggered several positive technical signals.
The share has broken out of the long-term downward trend, which the share has moved within since the beginning of 2023, when the share was around the SEK 100 level.
Furthermore, the stock has broken above both the 50-day and 200-day moving averages, and the 50-day moving average has broken above the 200-day moving average.
The ‘Golden Cross Signal’ signals that both the short-term and long-term trend for the stock have turned from negative to positive.
The stock doubled as many as six times in just about two weeks recently (February 25 to March 10, 2026), and the rise occurred on a sharp increase in volume. This provides further positive signals and supports the other positive technical signals that have now been triggered for the share.
The stock is now finding technical support around the SEK 4.00 level, and Aksjeanalyser.com finds the stock to be a very interesting and exciting buy candidate around the current price level.
The BEST model in Vikingen is also a buy signal for the Absolicon share. This popular and effective technical analysis model was developed by Peter Östevik. He finalized the BEST model around 2019, and after 30 years of experience in technical analysis and Vikingen Financial Software.
Yes, there is undoubtedly a high risk, but there are also good opportunities for this share to multiply again in a short period of time. Aksjeanalyser.com assesses it.
Based on this overall positive technical picture that Absolicon is now showing, we consider Aksjeanalyser.com the stock as a very exciting and interesting buy candidate and see a potential for the stock between SEK 15-18 in the short term (1-3 months).
What could possibly change the currently positive technical picture shown by the share would be if the share were to break down below the 50-day and 200-day moving averages (which are currently around SEK 3.40 and 3.00).
Some recent news about the company!
UNIDO grants Absolicon SEK 9 million for solar thermal plant in South Africa
26 Feb. 09:33 ∙ Cision
The United Nations agency UNIDO has granted funding for the “Coal Zero by Green Steam” project where Absolicon will deliver a solar thermal field to South Africa worth approximately SEK 9 million. The entire project is worth USD 2.95 million (approx. SEK 26.5 million), where the solar collectors are combined with energy storage and other energy technology to supply steam to a food industry. Southern Africa faces major challenges with energy supply. With the “Coal Zero by Green Steam” project, UNIDO is financing a system that will supply steam around the clock to a food industry in South Africa. It combines several technologies – solar thermal, thermal energy storage, heat pumps and mechanical steam compression. The project aims to demonstrate a scalable solution for the production of low-carbon process steam 24 hours a day for industries.
Within the project, Absolicon is responsible for the delivery of a 1.4 MW (2,000 m²) solar collector field with the Absolicon T160 solar collector as well as system support for the integration of the solar thermal field. The solar collectors are central to the project’s emission reductions and energy efficiency.
The budgeted value of Absolicon’s delivery in the project application amounts to approximately SEK 9 million and the project is expected to fully finance the company’s materials and work. Revenue recognition is expected to take place gradually during the implementation of the project, which is expected to last for approximately 18 months from the planned start of construction in spring 2026.
In the project, there is a commitment for Absolicon, if it fails to find a financial actor to finance the heat purchase agreement, to take on the role of financier under certain conditions and finance up to approximately 20% of its costs, which are then repaid over a longer period of time.
The project is carried out by an international consortium of industrial and academic partners and is intended to serve as a reference plant for fossil-free industrial heat in emerging markets.
The project is an important reference for Absolicon’s investment in fossil-free process steam for industrial markets globally.
Source: Kalqyl:
Absolicon: Report comment Q4’25
March 5 14:20 ∙ MFN
Net sales amounted to SEK 0.6 million (1.2) and other operating income to SEK 1.4 million (2.6), resulting in total operating income of SEK 2.1 million (3.2). EBITDA amounted to SEK -1.9 million (-4.3) and EBIT to SEK -3.1 million (-5.4). Profit for the period was SEK -3.0 million (-10.3) and earnings per share were SEK -0.4 (-1.3). Cash flow from operating activities was SEK -1.7 million (-4.3) and cash flow for the period was SEK -1.8 million (5.5). Cash and cash equivalents amounted to SEK 1.7 million (13.5).
Commercial update:
At the end of Q4’25, Absolicon had two active processes with cooperation agreements for the purchase of a production line, where the projects are developing at different rates and with varying visibility. Phoenix Solar Thermal in Canada remains at the forefront and, together with customers in the US and Canada in areas such as the food industry, has identified project volumes that are deemed to justify a production line in the western US. The dialog includes technical feasibility studies as well as commercial terms and localization of production capacity. In Zimbabwe, the process with ZESA is continuing after Absolicon was the sole bidder in a public tender, but formal decisions are still pending. No new progress has been reported from Creative Power Solutions in Egypt and Nett Zero Heat in Australia, and these processes are not currently considered to be on their way to payment. In addition, there are ongoing dialogues with other potential partners internationally.
The cost base continues to be reduced
During the quarter, Absolicon continued to work on several project and research collaborations that contribute both revenue and cost recovery. The recently approved industrial project in South Africa amounts to approximately SEK 9 million over 18 months, while the EU projects SolarOpt and VHT-Storage together are expected to generate around SEK 5.6 million in the coming years. The payment structure in these projects means that a larger part of the financing is normally received early in the project period, which strengthens liquidity in the short term.
Outlook
The company is still facing a crucial period where payments from production lines need to be realized. Cash flows need to be strengthened in the near term, otherwise there is a high risk of an issue. Our forecast reflects a scenario where payments from Phoenix are received in Q3’26, while payments from another project are received in Q3’27. The estimate is based on Absolicon managing to maintain a low cost level and revenues gradually increasing, mainly driven by payments from sold production lines and project revenues. With a sales price of approximately SEK 45 million per production line and a communicated gross margin of 50.0%, we believe that Absolicon has the potential to achieve profitability if payments are realized. However, there is still considerable uncertainty.
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