Norwegian Strong Balance Sheet Stocks

Goodtech

Market Cap: NOK 250.6m

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

Bonheur

Market Cap: NOK 9.5b

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

Arendals Fossekompani

Market Cap: NOK 7.4b

An industrial investment company, engages in the production of renewable hydro power plants in Norway, Europe, Asia, and North America.

RomReal

Market Cap: NOK 96.0m

Engages in property investment and development in Romania.

Lytix Biopharma

Market Cap: NOK 667.6m

A clinical stage biotech company, develops novel cancer immunotherapies for cancer therapy in the United States.

PCI Biotech Holding

Market Cap: NOK 63.1m

A biopharmaceutical company, focuses on the development of technologies and novel therapies through its photochemical technology platform.

ContextVision

Market Cap: NOK 368.3m

A software company, engages in the provision of image analysis and imaging for medical systems in Asia, Europe, and America.

ADS Maritime Holding

Market Cap: NOK 153.4m

Operates as a shipping investment company in Cyprus.

Norconsult

Market Cap: NOK 13.6b

Provides consultancy services with focus on community planning, engineering design, and architecture in the Nordics and internationally.

AMSC

Market Cap: NOK 105.2m

Does not have significant operations.

Ocean Sun

Market Cap: NOK 59.8m

Develops floating power system with solar panels.

Pexip Holding

Market Cap: NOK 6.3b

A video technology company, provides end-to-end video conferencing platform and digital infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Nordhealth

Market Cap: NOK 3.0b

Provides healthcare software solutions in Norway, Finland, Sweden, Denmark, Germany, and internationally.

Thor Medical

Market Cap: NOK 884.7m

Produces and supplies alpha-particle emitters for cancer therapy in Norway.

Europris

Market Cap: NOK 14.0b

Operates as a discount variety retailer in Norway.

Aker Clean Hydrogen

Market Cap: NOK 2.7b

Aker Clean Hydrogen AS develops, builds, owns, and operates clean hydrogen, ammonia, and methanol facilities worldwide.

ABBH

Market Cap: NOK 1.6m

Operates as a property and investment company in Norway.

Polaris Media

Market Cap: NOK 3.0b

Operates as a media house and printing company in Norway and Sweden.

ArcticZymes Technologies

Market Cap: NOK 822.2m

A life sciences company, develops, manufactures, and commercializes recombinant enzymes for use in molecular research, in vitro diagnostics, and biomanufacturing in Norway, Germany, Lithuania, France, Italy, the United Kingdom, rest of Europe, the United States, and internationally.

Western Bulk Chartering

Market Cap: NOK 458.9m

Operates as a dry bulk shipping company.

NorAm Drilling

Market Cap: NOK 1.0b

Together with its subsidiary, owns and operates AC driven rigs for the drilling of horizontal wells in the United States.

Hafnia

Market Cap: NOK 28.7b

Owns and operates oil product tankers in Bermuda.

Vistin Pharma

Market Cap: NOK 1.1b

Through its subsidiary, Vistin Pharma AS, engages in the production and sale of active pharmaceutical ingredients (APIs) worldwide.

Nykode Therapeutics

Market Cap: NOK 566.2m

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

Petrolia

Market Cap: NOK 247.9m

Engages in the rental and sale of energy service equipment to energy industry in Norway, rest of Europe, Asia, and Australia.

Nel

Market Cap: NOK 4.4b

A hydrogen company, provides solutions to produce, store, and distribute hydrogen from renewable energy in Norway and internationally.

Oncoinvent

Market Cap: NOK 178.9m

A clinical stage company, develops radiopharmaceutical therapies against cancer.

Borregaard

Market Cap: NOK 18.8b

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

Nekkar

Market Cap: NOK 1.0b

Provides technologies, software, and automation solutions to offshore energy, renewables, and aquaculture industries.

Gentian Diagnostics

Market Cap: NOK 931.5m

Develops, manufactures, and sells biochemical reagents for use in medical diagnostics and research in the United States, Asia, and Europe.

Standard Supply

Market Cap: NOK 69.9m

Operates platform supply vessels (PSVs).

PetroNor E&P

Market Cap: NOK 1.6b

Operates as an independent oil and gas exploration and production company in countries offshore of West Africa.

Zelluna

Market Cap: NOK 266.1m

Develops T-cell receptor (TCR) cellular immunotherapy products for the treatment of solid cancers.

Treasure

Market Cap: NOK 6.1b

Through its 11% interest in Hyundai Glovis Co.

S.D. Standard ETC

Market Cap: NOK 946.7m

An investment holding company, focuses on energy, transport, and commodities segments.

Napatech

Market Cap: NOK 2.6b

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