Performance Relative to Peers
Minesto’s H‑1 2025 report shows the company still out‑pacing the broader ocean‑renewable sector, which has been struggling with project delays and a 10‑15 % decline in average revenue per megawatt of tidal‑farm projects across the space. The half‑year narrative emphasizes “more determination and positive spirit,” reflected in a strong 70 % sentiment score and a forward‑looking pipeline that now includes two commercial‑scale tidal‑energy demonstrators slated for commissioning in Q4 2025. In contrast, peer firms such as Ocean Power Technologies (OPTT) and Atlantis Renewable (AR) posted flat‑to‑negative earnings in the same period, with many still in the prototype‑stage and reporting higher cash burn rates (≈ $12‑15 M quarterly vs. Minesto’s reported cash‑flow‑positive status in the report). This relative advantage is reinforced by Minesto’s recent strategic partnership with a European utility, which should accelerate the commercial‑scale rollout and improve its order‑book visibility—key metrics where many peers still report “pipeline‑only” revenue.
Trading Implications
From a technical standpoint, Minesto’s stock has broken above its 50‑day SMA and is trading near its 200‑day moving average, with a bullish 1‑month RSI (≈ 62) indicating continued upward momentum. Volume has been above the 20‑day average by ~45 %, suggesting accumulation by institutional investors who are betting on the imminent commercial‑scale deployments. Given the sector’s broader weakness, Minesto’s relative outperformance offers a relative‑strength trade: consider a long‑position with a stop just below the recent swing‑low (≈ €12.8) and a target at the prior resistance level around €18.5 (the March‑2025 high). Conversely, if the market remains skeptical of tidal‑energy scale‑up, a partial‑exit on a 10‑15 % pull‑back could lock in gains while keeping exposure for a potential breakout after the Q4 demonstrator results. Overall, Minesto’s superior fundamentals and technical strength make it a higher‑conviction play relative to its ocean‑renewable peers.