Orrön Energy AB (publ)

ORRON.ST

Renewable Utilities · Utilities

Price

kr 6.94

+0.08 (+1.17%)

Market Cap

kr 1.98B

Exchange

Stockholm Stock Exchange

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Mixed

Cash Flow

Weak

Stability

Mixed

Valuation

Data not available

Dividends

Good

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Winston Score History

The full picture

Orrön Energy is a Swedish renewable energy company that builds and operates wind and solar power plants. It sells the electricity these plants generate to utility companies, businesses, and energy markets, mainly across the Nordic region and parts of Europe. The company is majority-owned by Lundin Group, a well-known natural resources investment family, and focuses entirely on clean energy production.

Orrön makes money by generating electricity and selling it at market prices or through long-term contracts called power purchase agreements. It operates primarily in Sweden, Finland, and Norway, and is still in a growth phase, which explains why its operating costs currently exceed its revenues. The main growth driver is expanding its portfolio of wind and solar projects across Europe, but the biggest risk is that wholesale electricity prices in the Nordic market can be volatile, which makes future revenues hard to predict.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+35.9% YoY

YoY Growth Rate

Strong revenue growth

EPS Growth

+57.7% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

€0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

34.7%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

€65M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Strong grower

Orrön Energy AB (publ) is growing revenue at 36% year-over-year. The Winston Score penalises unprofitable companies, but revenue at this pace tells a different story — this is a company still in "build mode."

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

+0.3% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 285.1M (2021) → 285.9M (2025)

Score breakdown

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Quality

Profit per sale

Gross Margin

45.2%

Healthy — 45.2% gross margin

Profit after running costs

Operating Margin

-8.1%

Losing money on operations — -8.1%

Return on the money invested

ROCE

-1.7%

Weak — -1.7% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

+58.1%

Fast-growing sales (+58.1% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-35.5%

Burning cash (-35.5%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.34

Conservative — low debt load (0.34)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

32.42%

Healthy income — 32.42% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record

Dividend Growth

-55.6%

Dividend cut (-55.6% YoY) — warning sign

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