Capital Goods Norwegian Community

In my view, the share still looks attractive. The upside is not dramatic, but neither is the downside at current levels (price currently NOK 16.38).Read more

Cadeler runs specialized ships that help build offshore wind farms, and demand looks set to climb as more countries push big clean-energy buildouts. With more ships coming and years of work already booked, it may be better insulated than many heavy-equipment businesses—though delivery hiccups and merger integration could still trip it up.Read more

AutoStore sells a compact, modular warehouse system that helps companies fit more storage into the same space, and the long-term case depends on faster adoption as online shopping keeps pushing warehouses to do more with less. A recent slowdown in new orders raises a key question: is this just a temporary pause, or a sign that growth could take longer to return?Read more

Key Takeaways Market optimism may be overestimating sustained revenue and margin growth, ignoring uncertainties in demand, political shifts, and execution challenges on backlog conversion. Rising regulatory scrutiny and potential budget shifts toward sustainability could dampen long-term defense order flow, compressing margins and restricting earnings growth.Read more

Catalysts Industry Tailwinds: Continued global demand for wastewater treatment driven by urbanisation, water scarcity, and stricter environmental regulations. A rising focus on circular economies that value resource recovery from organic waste.Read more

Tomra built its business on collecting and sorting packaging, but falling plastic use and new recycling approaches could shrink demand while cheaper rivals put pressure on pricing. At the same time, new deposit return programs, stricter recycling rules, and fresh products could still keep growth alive if the company executes well.Read more

Kongsberg could be set up for a long stretch of steadier sales as more allied countries upgrade their defense systems and the company builds deeper ties with naval and air forces. At the same time, its push into software-driven ships, greener tech, and connected services may open new growth paths—but it also raises questions about cyber threats, big spending needs, and reliance on European defense budgets.Read more

Offshore wind projects are getting bigger and more complex, and there may not be enough of the specialized ships needed to build them, which could put Cadeler in a strong spot to stay busy and command better pricing. But some recent momentum comes from one-off payments tied to canceled or delayed projects, and further delays or policy shifts could leave new ships underused and squeeze results.Read more

Norconsult is riding a wave of Nordic infrastructure upgrades and the shift toward cleaner energy, which could keep its pipeline of work strong and push it into more profitable projects. But its dependence on government spending at home, rising staffing costs, and the challenge of blending in recent acquisitions could still knock it off course.Read more