Soltec (BME:SOL) Stock Faces Pressure As Core Losses Deepen

Soltec Power Holdings walks into this earnings season with a discounted P/E of 11.3x and a share price that has been sliding over the past week, month and quarter. The market clearly remains cautious. The fresh H1 2026 numbers underline why. The business posted total revenue of €10.93 million yet booked a net loss from ongoing activity of €34.33 million, while profit came mainly from €6.22 million of earnings tied to discontinued operations. For a solar equipment specialist that only recently turned profitable on a trailing basis, this kind of profit squeeze is what investors are reacting to.

Interested in Soltec Power Holdings but uneasy about the recent losses and reliance on discontinued operations for profit? Compare this setup with a curated group of sturdier balance sheets and consistent fundamentals in our list of solid balance sheet and fundamentals stocks (202 results).

H1 2026 Earnings Summary

• Total Revenue (H1 2026 vs H1 2025): €10.93 million vs. €74.221 million (revenue declined sharply year on year)
• Net Income from Continuing Operations (H1 2026 vs H1 2025): loss of €34.328 million vs. loss of €9.31 million (loss from ongoing activity widened)
• Basic EPS (H1 2026 vs H1 2025): loss of €0.06 per share vs. loss of €0.102293 per share (per share loss narrowed)
• Earnings from Discontinued Operations (H1 2026 vs H1 2025): profit of €6.22 million vs. loss of €12.412 million (swing to positive contribution from discontinued lines)

Prefer visual charts instead of another wall of earnings tables and income statement line items? See Soltec Power Holdings' recent results put into context with a full valuation snapshot in the company report for Soltec Power Holdings.

Soltec bullish story meets tougher earnings reality

For anyone leaning bullish on Soltec Power Holdings as a global solar enabler, these H1 2026 figures are a reality check. The group is still loss making in its core operations, with the income statement helped by €6.22 million from discontinued lines rather than the ongoing tracker and project activity. Revenue of €10.93 million sits far below the prior period and recent share price performance has trended lower over 7, 30 and 90 days. The long term transition story remains in place, although the latest numbers are not yet reflected in the financials.

Bearish concerns around core earnings gain traction

The downbeat angle on Soltec Power Holdings finds more support in these results. Losses from continuing operations widened to €34.33 million while revenue dropped sharply against H1 2025, pointing to pressure on the underlying equipment and development business. Profit relies on discontinued operations, which are by definition not a recurring driver. The share price has also fallen over the past week, month and quarter. For now, anyone concerned about execution across projects and geographies is likely to see those concerns echoed in the current financial profile.

After a year of shareholder dilution, negative equity and losses from core activity, it is worth asking whether these issues are isolated or part of a broader structural pattern. Review the full risk analysis for Soltec Power Holdings which shows 4 important warning signs

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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