Minesto Overview

  • Year Founded
  • 2007

Year Founded

  • Status
  • Public

  • Employees
  • 48

Employees

  • Stock Symbol
  • MINEST

Stock Symbol

  • Share Price
  • $0.32
  • (As of Thursday Closing)

Minesto General Information

Description

Minesto AB is a Sweden based company engaged in the production of tidal energy from the oceans. The main sources of the ocean energy include Tidal streams, Ocean currents, Tidal range (rise and fall), Waves, Ocean thermal energy and Salinity gradients.

Contact Information

Website
www.minesto.com
Ownership Status
Publicly Held
Financing Status
Formerly VC-backed
Corporate Office
  • J A Wettergrens gata 14
  • Västra Frölunda
  • 426 71 Gothenburg
  • Sweden
+46 031-29
Primary Industry
Alternative Energy Equipment
Stock Exchange
STO
Vertical(s)
Infrastructure, Climate Tech, Industrials
Corporate Office
  • J A Wettergrens gata 14
  • Västra Frölunda
  • 426 71 Gothenburg
  • Sweden
+46 031-29

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Minesto Stock Performance

As of 12-Jun-2025, Minesto’s stock price is $0.32. Its current market cap is $66.9M with 206M shares.

(As of Thursday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$0.32 $0.29 $0.12 - $0.49 $66.9M 206M 791K -$0.02

Minesto Financials Summary

As of 31-Mar-2025, Minesto has a trailing 12-month revenue of $14.1K.

In Thousands,
USD 		TTM 31-Mar-2025 FY 2024 31-Dec-2024 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022
EV 32,687 41,520 129,790 128,239
Revenue 14 7 37 0
EBITDA (3,403) (3,505) (2,662) (2,305)
Net Income (3,321) (3,414) (2,552) (8,323)
Total Assets 57,053 53,128 55,248 46,605
Total Debt 0 45 50 0
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Minesto Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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Minesto Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Minesto AB is a Sweden based company engaged in the production of tidal energy from the oceans. The main sources of the
Alternative Energy Equipment
Gothenburg, Sweden
48 As of 2024

Edinburgh, United Kingdom
 

New York, NY
 
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Minesto Competitors (8)

One of Minesto’s 8 competitors is Nova Innovation, a Private Equity-Backed company based in Edinburgh, United Kingdom.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Nova Innovation Private Equity-Backed Edinburgh, United Kingdom
Verdant Power Venture Capital-Backed New York, NY
Orbital Marine Power Venture Capital-Backed Kirkwall, United Kingdom
Tocardo Corporate Backed or Acquired Wieringerwerf, Netherlands
Eco Wave Power Formerly VC-backed Stockholm, Sweden
You’re viewing 5 of 8 competitors. Get the full list »

Minesto Patents

  • 85

    Total Documents Applications and Grants

  • Total Patents Families

  • 64

    Granted

  • 2

    Pending

  • Expiring in next 12 mo

Minesto Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20240318621-A1 Submersible power plant Pending 24-Jun-2021
EP-4359664-A1 Submersible power plant Active 24-Jun-2021
EP-4359664-B1 Submersible power plant Active 24-Jun-2021
US-20220049677-A1 Submersible power plant for producing electrical power Active 20-Dec-2018
US-11542908-B2 Submersible power plant for producing electrical power Active 20-Dec-2018 F03B13/10
To view Minesto’s complete patent history, request access »

Minesto Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Minesto Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Minesto ESG

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

Rank

Percentile

Electrical Equipment

Industry

Rank

Percentile

Electrical Equipment

Subindustry

Rank

Percentile

To view Minesto’s complete esg history, request access »

Minesto FAQs

  • When was Minesto founded?

    Minesto was founded in 2007.

  • Where is Minesto headquartered?

    Minesto is headquartered in Gothenburg, Sweden.

  • What is the size of Minesto?

    Minesto has 48 total employees.

  • What industry is Minesto in?

    Minesto’s primary industry is Alternative Energy Equipment.

  • Is Minesto a private or public company?

    Minesto is a Public company.

  • What is Minesto’s stock symbol?

    The ticker symbol for Minesto is MINEST.

  • What is the current stock price of Minesto?

    As of 12-Jun-2025 the stock price of Minesto is $0.32.

  • What is the current market cap of Minesto?

    The current market capitalization of Minesto is $66.9M.

  • What is Minesto’s current revenue?

    The trailing twelve month revenue for Minesto is $14.1K.

  • Who are Minesto’s competitors?

    Nova Innovation, Verdant Power, Orbital Marine Power, Tocardo, and Eco Wave Power are some of the 8 competitors of Minesto.

  • What is Minesto’s annual earnings per share (EPS)?

    Minesto’s EPS for 12 months was -$0.02.

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