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P2 Solar

PTOS
35
Electrical Equipment & Parts · Industrials
Winston Score
35
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Aug 23, 2026 · filings through Mar 31, 2026
How the score breaks down
Quality
Good
Growth
Mixed
Cash Flow
Weak
Stability
Data not available
Valuation
Weak

Winston Score History

The full picture

P2 Solar, Inc. is a small company in the solar energy industry that works on developing thin-film solar panel technology. Thin-film solar panels are a type of solar cell that can be made thinner and potentially cheaper than traditional silicon panels. The company targets markets where lightweight or flexible solar materials could be used, such as building materials or portable power applications.

P2 Solar generates revenue through its solar technology development efforts, though its deeply negative operating margin suggests it spends far more than it earns and is not yet a profitable business. The company appears to operate primarily in the United States and is very small, with a market cap near zero, meaning it has little financial scale compared to major solar manufacturers. The biggest risk facing P2 Solar is its ability to secure enough funding to continue operations, as companies at this stage often struggle to survive without consistent outside investment or a clear path to commercial revenue.

Growth Profile

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

Revenue Growth

+43.7% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-68.8% YoY

YoY Growth Rate

Earnings declining

Insider Activity

81.1%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~0 months

$14 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Revenue accelerating

P2 Solar grew revenue 44% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

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.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
195.5%
Premium pricing power — 195.5% gross margin
Profit after running costs
Operating Margin
11762.8%
Excellent — 11762.8% operating margin
Return on the money invested
ROCE
N/A
Data not available

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Growth

Sales growth
Sales YoY
-65.2%
Shrinking sales (-65.2% YoY)
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
-765.9%
Burning cash (-765.9%)

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
N/A
Data not available
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
109.0x
no trend
Expensive — P/E 109.0

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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