Norwegian Strong Balance Sheet Stocks

Bonheur

Market Cap: NOK 10.2b

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

ContextVision

Market Cap: NOK 354.3m

A software company, provides image analysis and imaging for medical systems in South Korea, China, Japan, the United States, and internationally.

Norconsult

Market Cap: NOK 13.5b

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

Arendals Fossekompani

Market Cap: NOK 7.6b

An industrial investment company, provides cyber secure satellite and mobile communications in Norway, Europe, Asia, and North America.

Yara International

Market Cap: NOK 94.2b

Provides crop nutrition and industrial solutions in Norway, European Union, Europe, Africa, Asia, North and Latin America, Australia, and New Zealand.

ADS Maritime Holding

Market Cap: NOK 159.1m

Operates as a shipping investment company in Cyprus.

RomReal

Market Cap: NOK 95.1m

Engages in property investment and development in Romania.

Goodtech

Market Cap: NOK 280.9m

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

PCI Biotech Holding

Market Cap: NOK 55.8m

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

Norsk Hydro

Market Cap: NOK 127.3b

Engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities worldwide.

AMSC

Market Cap: NOK 105.6m

Does not have significant operations.

Lytix Biopharma

Market Cap: NOK 640.3m

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

Nordhealth

Market Cap: NOK 3.0b

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

Thor Medical

Market Cap: NOK 840.1m

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

Ocean Sun

Market Cap: NOK 62.7m

Develops floating power system with solar panels.

Pexip Holding

Market Cap: NOK 6.0b

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.

ABBH

Market Cap: NOK 1.6m

Operates as a property and investment company 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.

Hafnia

Market Cap: NOK 28.8b

Owns and operates oil product tankers in Bermuda.

ArcticZymes Technologies

Market Cap: NOK 978.0m

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 469.0m

Operates as a dry bulk shipping company.

Polaris Media

Market Cap: NOK 3.1b

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

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.

NorAm Drilling

Market Cap: NOK 1.2b

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

Nekkar

Market Cap: NOK 1.0b

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

Nel

Market Cap: NOK 4.5b

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

Nykode Therapeutics

Market Cap: NOK 558.4m

A clinical-stage biopharmaceutical company, discovers and develops novel immunotherapies for the treatment of cancer and autoimmune diseases.

Zelluna

Market Cap: NOK 300.7m

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

Petrolia

Market Cap: NOK 235.5m

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

Sentia

Market Cap: NOK 6.2b

Engages in the construction business in Norway and Sweden.

PetroNor E&P

Market Cap: NOK 1.5b

Operates as an independent oil and gas exploration and production company in in the Republic of the Congo, the Gambia, and Nigeria.

StandardCoin

Market Cap: NOK 103.4m

Operates platform supply vessels (PSVs).

Oncoinvent

Market Cap: NOK 136.3m

A clinical stage company, develops radiopharmaceutical therapies against cancer.

Gentian Diagnostics

Market Cap: NOK 866.7m

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

Borregaard

Market Cap: NOK 20.2b

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

Webstep

Market Cap: NOK 657.6m

Provides information technology (IT) consultancy services to public and private businesses in Norway and Sweden.