Norwegian Potentially Undervalued Companies

Energeia

Market Cap: NOK 46.4m

Develops, operates, and owns solar PV power plants in Norway and the Netherlands.

Gentian Diagnostics

Market Cap: NOK 709.4m

Researches, develops, and produces biochemical reagents for use in medical diagnostics and research worldwide.

Borregaard

Market Cap: NOK 17.3b

Engages in the development, production, and marketing of specialized biomaterials and biochemicals in Norway, rest of Europe, the United States, Asia, and internationally.

Nykode Therapeutics

Market Cap: NOK 752.4m

A clinical-stage biopharmaceutical company, discovers and develops novel immunotherapies.

Himalaya Shipping

Market Cap: NOK 2.8b

Provides dry bulk shipping services worldwide.

Paratus Energy Services

Market Cap: NOK 6.8b

Through its subsidiaries, owns and manages jack-up drilling rigs under contracts in Mexico.

Jacktel

Market Cap: NOK 549.1m

Provides offshore accommodation services in Norway.

Arribatec Group

Market Cap: NOK 168.3m

A software and consulting company, provides digital business solutions in Norway, Europe, the Americas, and internationally.

Smartoptics Group

Market Cap: NOK 2.1b

Provides optical networking solutions and devices worldwide.

LINK Mobility Group Holding

Market Cap: NOK 6.2b

Provides mobile and communication-platform-as-a-service solutions.

HydrogenPro

Market Cap: NOK 414.1m

Engages in designing and delivering hydrogen technology and systems in Norway, Europe, the United States, and the Asia Pacific.

Xplora Technologies

Market Cap: NOK 1.2b

An information technology company, develops wearable smart devices and services for kids and families in Norway and internationally.

Odfjell Drilling

Market Cap: NOK 14.5b

Owns and operates mobile offshore drilling units primarily in Norway and Namibia.

Napatech

Market Cap: NOK 1.8b

Provides programmable smart network interface cards and infrastructure processing units for cloud, enterprise, and telecom datacenter networks in the Americas and internationally.

Carasent

Market Cap: NOK 1.6b

A technology company, engages in developing software for the health and care sector.

Sparebanken Vest

Market Cap: NOK 16.4b

A financial services company, provides banking and financing services in the counties of Vestland and Rogaland, Norway.

Nordic Semiconductor

Market Cap: NOK 25.7b

A fabless semiconductor company, designs, sells, and delivers integrated circuits (ICs) and related products and services for use in short- and long- range wireless applications in Europe, the Americas, and the Asia Pacific.

Borgestad

Market Cap: NOK 599.6m

Develops, manufactures, distributes, delivers, and installs refractory products in Norway.

Rana Gruber

Market Cap: NOK 2.5b

Engages in the mining, processing, and sale of iron ore concentrate.

Reach Subsea

Market Cap: NOK 2.4b

Provides subsea services in Norway and internationally.

P/F Bakkafrost

Market Cap: NOK 31.9b

Produces and sells salmon products in North America, Western Europe, Eastern Europe, Asia, and internationally.

Kitron

Market Cap: NOK 9.2b

Operates as an electronics manufacturing services company in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, China, Malaysia, and the United States.

Edda Wind

Market Cap: NOK 2.3b

Develops, builds, owns, operates, and charters out purpose-built service operation vessels (SOVs) and commissioning service operation vessels (CSOVs) for offshore wind farms worldwide.