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.

MPC Energy Solutions

Market Cap: NOK 290.4m

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

Scatec

Market Cap: NOK 19.7b

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.