Harju Elekter stock gets a new 4,000-square-meter factory boost

Published on 10/05/2026 at 23:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Harju Elekter stock is tied to a 4,000-square-meter Keila factory opened in October 2026. First-half revenue reached EUR 77.2 million, led by Finland.

Harju Elekter, EE3100004250, Illustration mit AI erstellt.

Harju Elekter stock was last at EUR 5.16 on Nasdaq Tallinn on September 30, 2026, down 0.77 percent, as the Estonian electrical-equipment group expanded capacity for data-center demand. Trade with Estonia reported in October 2026 that Harju Elekter had opened a 4,000-square-meter production unit at its Keila plant.

Data centers drive factory investment

The new unit is designed to produce electrical systems for data centers, extending the Keila site to 28,000 square meters. The expansion follows an investment of more than EUR 4 million in the building and equipment, according to Trade with Estonia.

The factory is intended to support substation and E-house orders. In July 2026, Harju Elekter signed a EUR 15.5 million contract with Siemens for E-House systems serving a data center under construction in Finland, the same report said.

Revenue remains concentrated in Scandinavia

Harju Elekter generated EUR 77.2 million of revenue in the first half of 2026, with Finland contributing EUR 31.0 million and Sweden EUR 14.1 million. The two markets therefore supplied EUR 45.1 million combined, or 58.4 percent of first-half revenue, based on figures reported by Trade with Estonia.

That geographic mix gives the factory expansion a direct operating rationale: the investment is aimed at export projects rather than only domestic demand. Harju Elekter said its Estonian and Swedish order books had grown since the start of 2026, while E-Houses represented a larger share of the Estonian unit's revenue.

Nasdaq Tallinn trading stays measured

Nasdaq Baltic identified Harju Elekter as HAE1T with ISIN EE3100004250 and described its core business as developing and manufacturing power-distribution and automation solutions. On September 30, 2026, the stock opened at EUR 5.20, reached a high of EUR 5.22, touched a low of EUR 5.16 and recorded 2,614 shares of volume on Nasdaq Tallinn.

Harju Elekter was last at EUR 5.16 on September 30, 2026 at 3:47 p.m. EEST on Nasdaq Tallinn. The combination of a new 4,000-square-meter facility, a EUR 15.5 million contract and EUR 77.2 million of first-half revenue gives the expansion story measurable operating anchors.