Norwegian Utilities Potentially Undervalued Companies

Elmera Group

Market Cap: NOK 3.7b

Engages in the purchase, sale, and portfolio management of electrical power to households, private and public companies, and municipalities in Norway, Sweden, and Finland.

Skandia GreenPower

Market Cap: NOK 192.4m

Provides electricity and energy-saving services in Norway.

MPC Energy Solutions

Market Cap: NOK 291.5m

An independent power producer, develops, builds, owns, and operates renewable energy assets in Latin America and the Caribbean.

Scatec

Market Cap: NOK 18.5b

Provides renewable energy solutions worldwide.

Magnora

Market Cap: NOK 1.5b

Operates as a renewable energy development company in Norway, Sweden, South Africa and the United Kingdom.