Privacy preferences
Inderes uses cookies to provide a better user experience and a personalised service. By consenting to the use of cookies, we can develop an even better service and will be able to provide content that is interesting to you.
  • Forum
  • Stock Markets
    • MarketsLive prices, indices, and market performance
    • Stock CalendarUpcoming earnings, listings, and corporate events
    • Dividends CalendarFuture and past dividends
  • Companies
    • CompaniesBrowse and filter the full list of listed companies
    • DiscoveryInspiration for your next investment
    • IPOsNew listings and upcoming public offerings
    • AGM InvitationsAnnual general meeting dates and shareholder info
  • Stock Research
    • ResearchExpert stock analysis and recommendations
    • ArticlesNews, insights, and market commentary
    • inderesTVVideo hub for stock research, analysis, and expert commentary
    • TranscriptsFull text records of earnings calls and investor meetings
    • Stock ComparisonCompare financials and performance across multiple stocks
    • Earnings SeasonCompare EPS estimates to reported results
    • Compound Interest CalculatorSee how your savings grow with the power of compound interest.
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer

Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Merus Power

6.16 EUR-0.65 %7.10, 17.25
2,365 following

MERUS

First North Finland

Electrical Equipment

Industrials

Overview
Financials & Estimates
Investor views
Compare
-0.65 %
+20.31 %
+20.31 %
+48.43 %
+40.96 %
+30.79 %
+25.46 %
-22.32 %
-9.95 %

Merus Power operates in the industrial sector. The company specializes in electrical engineering, designing technology for energy efficiency, operational and environmental performance. The company delivers battery energy storage systems, power quality solutions and services. The customer base consists of players in industry, power generation and renewable energy. The company operates on a global level with headquarters in Ylöjärvi.

Read more
Market cap
50.62M EUR
Turnover
8.16K EUR
P/E (adj.) (26e)
148.86
EV/EBIT (adj.) (26e)
34.24
P/B (26e)
4.71
EV/S (26e)
0.91
Dividend yield-% (26e)
-
Coverage
Recommendation
Reduce
Target price
6.50 EUR
Updated
30.09.2026
Disclaimer
Pauli Lohi
Pauli Lohi

Analyst

Latest research

Latest analysis report

Released: 01.10.2026

Latest extensive report

Released: 23.02.2026

Revenue and EBIT-%
EPS and dividend
Risk
Business risk
Valuation risk
Low
High
All
Research
Press releases
ShowingAll content types

Forum discussions
Merus Power Oyj Tiedotteet Archive - Merus Power Oyj Merus Powerin hallitus on vahvistanut yhtiön strategian ja taloudelliset tavoitteet vuosille 2027–2030. Uuden strategian tavoitteena on yhtiön nouseminen yhdeksi tärkeimmistä teknologiayhtiöistä, joka ratkaisee sähköjärjestelmien...
9/30/2026, 5:13 AM
by Cadel
11
I attended Merus Power’s Capital Markets Day yesterday and wrote an article about the company for Salkunrakentaja. Merus Power’s CMD: pedal to the metal The new strategy targets not only growth but also improving profitability Domestic market leader Power quality solutions provide...
10/1/2026, 8:29 AM
by Tomi Lindell
10
Merus Power’s CEO Kari Tuomala was interviewed by Pauli regarding the CMD Topics: (00:00) Introduction (00:15) Execution of strategy over the past 5 years (02:05) New strategy update (03:18) Revenue target for 2030 (04:48) Balancing growth and profitability (06:18) Financing growth...
9/30/2026, 12:46 PM
by Sijoittaja-alokas
6
Juho Toratti, too, has written about Merus. Key risks for Merus Power include increasing competition and falling battery prices. Intensifying competition could slow down international expansion, while improved battery availability and declining prices are tightening price competition...
10/2/2026, 9:58 PM
by Sijoittaja-alokas
4
Pauli on ehtinyt kirjoittelemaan jo kommenttinsa Meruksen uudesta strategiasta ja tavoitteita Merus Power julkisti keskiviikkoaamuna uuden strategiansa ja päivitetyt taloudelliset tavoitteensa vuosille 2027–2030. Yhtiön asettamat tavoitteet 160 MEUR:n liikevaihdosta ja yli 12 %:n...
9/30/2026, 6:37 AM
by Sijoittaja-alokas
4
Kiitos Tomi oikein erinomaisesta kirjoituksesta sekä tialanteen käsittelystä monipuolisesti. Vastaavat pitkälti omia näkemyksiäni myös. Tuot hyvin esille markkinan kasvumahdollisuuden sähkövarastoissa jatkossa datakeskusten ym myötä sekä sähkönlaaturatkaisujen myötä uusiutuvien kautta...
10/3/2026, 5:13 AM
by Janne
3
Merus kertoi uudesta strategiastaan sekä tavoitteistaan pääomamarkkinapäivillään ja Pauli teki sitten yhtiöstä uuden yhtiöraportin. Merus Power esitteli uuden kunnianhimoisen strategian. Näemme yhtiöllä suotuisan tulosnäkymän markkinakasvun, laajentumisen ja toiminnan skaalautumisen...
10/1/2026, 5:43 AM
by Sijoittaja-alokas
3
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Merus Power: CMD painted a bright picture, but valuation is strained
Research01.10.2026, 10.00 by
Pauli Lohi

Merus Power: CMD painted a bright picture, but valuation is strained

The share price already prices in a significant improvement in the margin level.

Merus Power
Merus Power CMD: Profitability in focus12:58
Video30.09.2026, 13.32 by
Pauli Lohi

Merus Power CMD: Profitability in focus

At the core of Merus Power's strategy update are, above all, profitability and a strong focus on the power quality market.

Merus Power
Merus Power shared its expected growth strategy for 2027–2030
Analyst Comment30.09.2026, 09.37 by
Pauli Lohi

Merus Power shared its expected growth strategy for 2027–2030

The financial targets clearly exceed our estimates.

Merus Power

Join Inderes community

Don't miss out - create an account and get all the possible benefits

Inderes account
Followings and notifications on followed companies
Analyst comments and recommendations
Stock comparison tool & other popular tools
Create account
Regulatory press release30.09.2026, 07.00

Merus Power announces its strategy and financial targets for 2027–2030

Merus Power
Merus Power CMD preview: Recharging the growth story
Analyst Comment24.09.2026, 07.55 by
Pauli Lohi

Merus Power CMD preview: Recharging the growth story

We expect profitable growth to continue and to be weighted outside of Finland.

Merus Power
Merus Power H1'26: Story progresses in both growth and profitability
Research21.08.2026, 12.06 by
Pauli Lohi

Merus Power H1'26: Story progresses in both growth and profitability

The improvement in gross margin in H1 supports the outlook for a profitability turnaround.

Merus Power
Regulatory press release20.08.2026, 08.00

Merus Power Plc’s half-year report January 1–June 30, 2026: Profitability improved, strong order intake

Merus Power
Merus Power H1'26 preview: Orders poured in during the first part of the year
Analyst Comment13.08.2026, 08.17 by
Pauli Lohi

Merus Power H1'26 preview: Orders poured in during the first part of the year

Focus on margin and market commentary.

Merus Power
Press release12.08.2026, 11.00

Merus Power strengthens its position in Poland’s growing energy storage market

Merus Power
Analyst Comment27.07.2026, 08.06 by
Pauli Lohi

Small order for Merus Power in power quality solutions

The first order to Argentina opens up a new market, but overall demand for power quality solutions has remained sluggish.

Merus Power
Press release24.07.2026, 11.00

Merus Power to deliver a STATCOM solution to Argentina, strengthening its position in industrial power quality solutions

Merus Power
Another substantial energy storage order for Merus Power
Analyst Comment01.07.2026, 08.14 by
Tommi Saarinen

Another substantial energy storage order for Merus Power

This is the company's third delivery to Exilion and the latest addition to the strong order flow seen early in the year.

Merus Power
Regulatory press release30.06.2026, 17.45

Insider Information: Merus Power signs over 8 million euro battery energy storage deal with Exilion – project strengthens the company’s position as a technology partner for hybrid power plants

Merus Power
Press release29.06.2026, 18.45

Merus Power is supplying Siemens Mobility Denmark with a power quality solution for a battery-powered train charging station

Merus Power
Significant electric storage order for Merus Power in Finland
Analyst Comment17.06.2026, 07.56 by
Petri Gostowski

Significant electric storage order for Merus Power in Finland

Merus Power announced on Tuesday that it had signed a contract worth approximately 10 MEUR with wpd Söderskogen Vindpark Oy.

Merus Power
Regulatory press release16.06.2026, 12.06

Insider information: Merus Power strengthens its position in the energy storage market with a €10 million agreement with wpd

Merus Power
Merus Power signed a cooperation agreement with a global battery manufacturer
Analyst Comment04.06.2026, 07.46 by
Petri Gostowski

Merus Power signed a cooperation agreement with a global battery manufacturer

Merus Power announced on Wednesday that it had signed a strategic cooperation agreement with global battery manufacturer CATL.

Merus Power
Press release03.06.2026, 11.57

Merus Power and CATL to collaborate on battery energy storage in Northern Europe.

Merus Power
Regulatory press release16.04.2026, 14.00

Merus Power Plc launched a new performance period in the share-based incentive plan for key employees

Merus Power
Analyst Comment24.03.2026, 08.52 by
Pauli Lohi

Merus Power: Small order recorded

The order is a small step toward achieving this year's growth guidance.

Merus Power