Norwegian Capital Goods Potentially Undervalued Companies

Cadeler

Market Cap: NOK 18.3b

Engages in offshore wind farm installation, operations, and maintenance services in Denmark.

Hexagon Composites

Market Cap: NOK 3.1b

Provides alternative fuel systems and solutions to commercial vehicles and gas distribution companies worldwide.

Scana

Market Cap: NOK 749.2m

Provides technology and services for the offshore and energy industries in Norway, other European countries, the United States, Asia, and Africa.

NRC Group

Market Cap: NOK 1.5b

Operates as a rail infrastructure company in Norway, Sweden, and Finland.

Cambi

Market Cap: NOK 3.1b

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

Etman International

Market Cap: NOK 87.8m

Through its subsidiaries, manufactures and sells electrical products for the professional and residential construction markets in Scandinavia.

AKVA group

Market Cap: NOK 3.5b

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

Eqva

Market Cap: NOK 393.7m

Provides technical solutions and services to maritime and land based industries in Norway and internationally.

Goodtech

Market Cap: NOK 258.0m

Provides control systems, digitization, and production solutions for production companies in Norway, Sweden, Finland, Europe, and internationally.

Moreld

Market Cap: NOK 3.0b

Provides integrated solutions for the energy, marine, and industrial sectors in Norway and internationally.

Nekkar

Market Cap: NOK 989.6m

Operates as an industrial company builder in Europe, Turkey, Asia, Australia, New Zealand, North America, the United Arab Emirates, Africa, the United States, South America, India, Norway, and internationally.

HAV Group

Market Cap: NOK 238.0m

Through its subsidiaries, provides technology and services for maritime and marine industries worldwide.

Multiconsult

Market Cap: NOK 4.8b

Engages in the provision of engineering design, consultancy, and architecture services in Norway, Sweden, Denmark, Poland, and internationally.

Inin Group

Market Cap: NOK 291.1m

An investment company, focuses on the infrastructure and industry services in Norway, Sweden, and internationally.

Bonheur

Market Cap: NOK 9.7b

Engages in the renewable energy, wind service, and cruise businesses in the United Kingdom, Norway, Europe, Asia, the Americas, Africa, and Internationally.

Integrated Wind Solutions

Market Cap: NOK 1.9b

Through its subsidiaries, provides offshore wind services in the United Kingdom, the Netherlands, Taiwan, Poland, Belgium, Greece, France, Denmark, Norway, and internationally.

Otovo

Market Cap: NOK 300.1m

Operates an online marketplace for solar installations in Norway.

Hexagon Purus

Market Cap: NOK 701.9m

Provides hydrogen and battery energy storage solutions.