Norwegian Undervalued Small Caps

AKVA group

Market Cap: NOK 3.7b

Designs, purchases, manufactures, assembles, sells, and installs technology products; and provides rental and consulting services for the aquaculture industry.

Norwegian Air Shuttle

Market Cap: NOK 16.1b

Provides air travel services in Norway and internationally.

Atea

Market Cap: NOK 16.0b

Provides IT infrastructure and related solutions for businesses and public sector organizations in the Nordic countries and Baltic regions.

Solstad Offshore

Market Cap: NOK 4.6b

Owns and operates offshore service vessels.

SpareBank 1 Nord-Norge

Market Cap: NOK 16.1b

Provides banking services in Northern Norway.

Bouvet

Market Cap: NOK 5.2b

Provides IT and digital communication consultancy services for public and private sectors in Norway, Sweden, and internationally.

Cambi

Market Cap: NOK 2.9b

Provides thermal hydrolysis solutions for sewage sludge and organic waste management in Europe, the Americas, Asia, Africa, and Oceania.

Odfjell Technology

Market Cap: NOK 2.7b

Operates as a supplier of offshore operations, well services technology, and engineering solutions in Norway, the United Kingdom, rest of Europe, Kuwait, Malaysia, rest of Asia, and internationally.

BW Energy

Market Cap: NOK 14.1b

Engages in the exploration and production of oil and gas properties.