Ocean Sun (OSUN) 주식 개요오션 선 AS는 태양광 패널을 이용한 부유식 발전 시스템을 개발합니다. 자세히 보기OSUN 펀더멘털 분석스노우플레이크 점수가치 평가0/6미래 성장0/6과거 실적0/6재무 건전성5/6배당0/6위험 분석지난 5년간 매년 수익이 4.4% 감소했습니다.지난 1년 동안 주주가 크게 희석되었습니다.지난 3개월 동안 주가 변동성이 Norwegian 시장과 비교했을 때 매우 높았습니다.의미 있는 시가총액이 없습니다(NOK46M)+ 위험 1건 추가모든 위험 점검 보기OSUN Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW482,854 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA482,854 investors already sharing narrativesYour Fair ValueNOK Current PriceNOK 0.524.6k% 고평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-22m7m2016201920222025202620282031Revenue NOK 6.9mEarnings NOK 386.6kAdvancedSet Fair ValueView all narrativesOcean Sun AS 경쟁사NRC GroupSymbol: OB:NRCMarket cap: NOK 1.3bInin GroupSymbol: OB:ININMarket cap: NOK 456.2mMoreldSymbol: OB:MORLDMarket cap: NOK 3.6bMulticonsultSymbol: OB:MULTIMarket cap: NOK 4.2b가격 이력 및 성과Ocean Sun 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가NOK 0.5252주 최고가NOK 3.2052주 최저가NOK 0.47베타0.281개월 변동-3.70%3개월 변동-64.01%1년 변동-60.46%3년 변동-91.59%5년 변동-97.69%IPO 이후 변동-96.53%최근 뉴스 및 업데이트New Risk • Jun 28New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (34% average weekly change). Earnings have declined by 4.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Revenue is less than US$1m (kr2.2m revenue, or US$225k). Market cap is less than US$10m (kr43.9m market cap, or US$4.42m).공고 • Jun 17Ocean Sun AS Receives EU Funding Of NOK 2.1 Million As Part Of Isla Bonita ProjectOcean Sun AS has been awarded EU funding of approximately NOK 2.1 million as part of the Isla Bonita project. The project aims to accelerate the transition towards sustainable, climate-resilient island communities by deploying and scaling innovative ocean- and water-related solutions. With an overall EU contribution of approximately EUR 13.5 million, the Isla Bonita project is coordinated by Plocan and brings together a broad consortium of research institutions, industry partners and public authorities to implement demonstration projects across several island regions in Europe. Ocean Sun will lead the La Palma demonstrator, a flagship initiative located at the port of Tazacorte in the Canary Islands. The demonstrator builds on the technical and operational learning from the BOOST project and represents the next step in Ocean Sun’s work to adapt floating solar technology for exposed coastal and island environments. The system will combine renewable energy from an Ocean Sun FPV installation with desalination technologies in an integrated solution. Located in the rough seas of La Palma, the 310 kWp FPV demonstrator will provide a relevant test site for further research, validation and operational improvement in exposed conditions. The integration with a desalination unit will also demonstrate a replicable model for island and coastal regions facing high electricity costs and water scarcity. Ocean Sun will be responsible for design and deployment of the floating solar system, implementation of an automated cleaning solution, and integration of a rainwater collection system for operational use. Ocean Sun’s allocated contribution is EUR 190,000 and excludes CAPEX related to the demonstrator. The EU support enables Ocean Sun and its partners to continue advancing floating solar in demanding marine environments, building on prior experience while further improving a solution already commercially available for island and resort markets seeking alternatives to expensive and volatile fossil fuels.공고 • May 23Ocean Sun AS has filed a Follow-on Equity Offering in the amount of NOK 20 million.Ocean Sun AS has filed a Follow-on Equity Offering in the amount of NOK 20 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 40,000,000 Price\Range: NOK 0.5 Transaction Features: Rights OfferingNew Risk • Apr 22New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr22m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 5.6% per year over the past 5 years. Revenue is less than US$1m (kr2.2m revenue, or US$236k). Market cap is less than US$10m (kr63.9m market cap, or US$6.87m).Reported Earnings • Mar 30Full year 2025 earnings releasedFull year 2025 results: Revenue: kr2.19m (down 70% from FY 2024). Net loss: kr20.7m (loss widened 22% from FY 2024).Reported Earnings • Feb 06Full year 2025 earnings releasedFull year 2025 results: Revenue: kr11.0m (up 53% from FY 2024). Net loss: kr20.7m (loss widened 22% from FY 2024).더 많은 업데이트 보기Recent updatesNew Risk • Jun 28New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (34% average weekly change). Earnings have declined by 4.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Revenue is less than US$1m (kr2.2m revenue, or US$225k). Market cap is less than US$10m (kr43.9m market cap, or US$4.42m).공고 • Jun 17Ocean Sun AS Receives EU Funding Of NOK 2.1 Million As Part Of Isla Bonita ProjectOcean Sun AS has been awarded EU funding of approximately NOK 2.1 million as part of the Isla Bonita project. The project aims to accelerate the transition towards sustainable, climate-resilient island communities by deploying and scaling innovative ocean- and water-related solutions. With an overall EU contribution of approximately EUR 13.5 million, the Isla Bonita project is coordinated by Plocan and brings together a broad consortium of research institutions, industry partners and public authorities to implement demonstration projects across several island regions in Europe. Ocean Sun will lead the La Palma demonstrator, a flagship initiative located at the port of Tazacorte in the Canary Islands. The demonstrator builds on the technical and operational learning from the BOOST project and represents the next step in Ocean Sun’s work to adapt floating solar technology for exposed coastal and island environments. The system will combine renewable energy from an Ocean Sun FPV installation with desalination technologies in an integrated solution. Located in the rough seas of La Palma, the 310 kWp FPV demonstrator will provide a relevant test site for further research, validation and operational improvement in exposed conditions. The integration with a desalination unit will also demonstrate a replicable model for island and coastal regions facing high electricity costs and water scarcity. Ocean Sun will be responsible for design and deployment of the floating solar system, implementation of an automated cleaning solution, and integration of a rainwater collection system for operational use. Ocean Sun’s allocated contribution is EUR 190,000 and excludes CAPEX related to the demonstrator. The EU support enables Ocean Sun and its partners to continue advancing floating solar in demanding marine environments, building on prior experience while further improving a solution already commercially available for island and resort markets seeking alternatives to expensive and volatile fossil fuels.공고 • May 23Ocean Sun AS has filed a Follow-on Equity Offering in the amount of NOK 20 million.Ocean Sun AS has filed a Follow-on Equity Offering in the amount of NOK 20 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 40,000,000 Price\Range: NOK 0.5 Transaction Features: Rights OfferingNew Risk • Apr 22New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr22m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 5.6% per year over the past 5 years. Revenue is less than US$1m (kr2.2m revenue, or US$236k). Market cap is less than US$10m (kr63.9m market cap, or US$6.87m).Reported Earnings • Mar 30Full year 2025 earnings releasedFull year 2025 results: Revenue: kr2.19m (down 70% from FY 2024). Net loss: kr20.7m (loss widened 22% from FY 2024).Reported Earnings • Feb 06Full year 2025 earnings releasedFull year 2025 results: Revenue: kr11.0m (up 53% from FY 2024). Net loss: kr20.7m (loss widened 22% from FY 2024).공고 • Dec 22Ocean Sun AS, Annual General Meeting, May 06, 2026Ocean Sun AS, Annual General Meeting, May 06, 2026.공고 • Dec 19+ 4 more updatesOcean Sun AS to Report Q1, 2026 Results on May 07, 2026Ocean Sun AS announced that they will report Q1, 2026 results on May 07, 2026공고 • Dec 03Ocean Sun AS has completed a Follow-on Equity Offering in the amount of NOK 8.99724 million.Ocean Sun AS has completed a Follow-on Equity Offering in the amount of NOK 8.99724 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 4,498,620 Price\Range: NOK 2 Transaction Features: Subsequent Direct ListingReported Earnings • Nov 09Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: kr2.36m (up 7.8% from 3Q 2024). Net loss: kr6.47m (loss widened 29% from 3Q 2024).Reported Earnings • Aug 28Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: kr2.34m (flat on 2Q 2024). Net loss: kr4.61m (loss widened 10% from 2Q 2024).Reported Earnings • May 09First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: kr1.45m (up 26% from 1Q 2024). Net loss: kr5.18m (loss widened 109% from 1Q 2024).Reported Earnings • Mar 31Full year 2024 earnings released: kr0.38 loss per share (vs kr0.41 loss in FY 2023)Full year 2024 results: kr0.38 loss per share (improved from kr0.41 loss in FY 2023). Revenue: kr7.21m (up 129% from FY 2023). Net loss: kr17.0m (loss narrowed 9.1% from FY 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings.New Risk • Mar 14New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 6.2% per year over the past 5 years. Revenue is less than US$1m (kr7.6m revenue, or US$712k). Market cap is less than US$10m (kr66.4m market cap, or US$6.21m).Reported Earnings • Feb 21Full year 2024 earnings releasedFull year 2024 results: Revenue: kr19.1m (up kr16.0m from FY 2023). Net loss: kr16.9m (loss narrowed 9.2% from FY 2023).공고 • Feb 11Ocean Sun Appoints Kristin Husby Mork as Chief Commercial Officer, Effective April 2025Ocean Sun announced the expansion of its leadership team with the appointment of Kristin Husby Mork as Chief Commercial Officer, effective April 2025. Kristin brings a wealth of experience in the energy sector, having served as Commercial Director at TechnipFMC, leading the New Energy discipline. Her role involved building up the New Energy business area, which focuses on CCS, floating offshore wind, and hydrogen. Prior to that, she was a project manager at Equinor, responsible for establishing Equinor's foothold in Asia with regards to offshore wind. Kristin's expertise in commercial strategy, project execution, and market positioning will be invaluable to Ocean Sun as continue to expand offerings. She holds an MBA in Finance from NHH and a M.Sc. in Mathematics, Physics, and Informatics from NTNU.공고 • Dec 18Ocean Sun AS, Annual General Meeting, May 06, 2025Ocean Sun AS, Annual General Meeting, May 06, 2025.공고 • Dec 17+ 4 more updatesOcean Sun AS to Report First Half, 2025 Results on Aug 28, 2025Ocean Sun AS announced that they will report first half, 2025 results on Aug 28, 2025Reported Earnings • Nov 08Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: kr2.61m (up 80% from 3Q 2023). Net loss: kr5.02m (loss widened 9.0% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings.New Risk • Sep 23New major risk - Revenue and earnings growthEarnings have declined by 8.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.8% per year over the past 5 years. Revenue is less than US$1m (kr6.2m revenue, or US$587k). Market cap is less than US$10m (kr90.0m market cap, or US$8.55m). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change).공고 • Aug 16Ocean Sun AS Announces the Appointments of David Knutsen as Chief Product Officer and Carl Petter Lehne as Chief Operating Officer, Effective October/November 2024Ocean Sun AS announced the expansion of its leadership team with the appointments of David Knutsen as Chief Product Officer (CPO) and Carl Petter Lehne as Chief Operating Officer (COO), effective October/November 2024. David Knutsen brings over a decade of experience in the maritime industry, having played a pivotal role in the development of the world’s first floating LNG transfer system as Co-founder and CTO of ECOnnect Energy AS. His expertise in marine technology and experience in product development and scaling innovative solutions will be invaluable to Ocean Sun as continue to expand offerings. David holds a Master’s degree in Marine Technology from the Norwegian University of Science and Technology (NTNU). Carl Petter Lehne joins Ocean Sun after a successful tenure at Metier, where he led the Industry and Infrastructure Group. With a rich background in managing complex infrastructure projects, including key roles at Multiconsult engineering projects, Carl Petter brings a deep understanding of best practices in project development, management and execution. His knowledge will be instrumental in guiding Ocean Sun through its current scale-up phase. Carl Petter holds a Master’s degree in Civil Engineering with a focus on Marine Technology and Geotechnical Engineering from the Technical University of Denmark (DTU).Buy Or Sell Opportunity • Aug 05Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 42% to kr2.07. The fair value is estimated to be kr2.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 491% in a year. Earnings are forecast to grow by 34% in the next year.Buy Or Sell Opportunity • Jul 01Now 3.3% overvaluedOver the last 90 days, the stock has fallen 30% to kr2.44. The fair value is estimated to be kr2.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 491% in a year. Earnings are forecast to grow by 34% in the next year.Buy Or Sell Opportunity • Jun 19Now 21% overvaluedOver the last 90 days, the stock has fallen 31% to kr2.27. The fair value is estimated to be kr1.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 491% in a year. Earnings are forecast to grow by 34% in the next year.New Risk • Jun 14New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr105.7m (US$9.93m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Revenue is less than US$1m (kr4.3m revenue, or US$404k). Market cap is less than US$10m (kr105.7m market cap, or US$9.93m). Minor Risk Currently unprofitable and not forecast to become profitable next year (kr10m net loss next year).New Risk • May 16New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: kr15m Forecast net loss in 1 year: kr10m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (kr6.6m revenue, or US$614k). Minor Risks Currently unprofitable and not forecast to become profitable next year (kr10m net loss next year). Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (kr156.6m market cap, or US$14.6m).New Risk • May 03New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Revenue is less than US$1m (kr3.2m revenue, or US$290k). Minor Risk Market cap is less than US$100m (kr170.5m market cap, or US$15.7m).Reported Earnings • Apr 24Full year 2023 earnings: EPS in line with analyst expectations despite revenue beatFull year 2023 results: kr0.41 loss per share (further deteriorated from kr0.40 loss in FY 2022). Net loss: kr18.7m (loss widened 2.8% from FY 2022). Revenue exceeded analyst estimates by 64%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 89% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Construction industry in Norway. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings.공고 • Feb 16Ocean Sun AS Announces CEO ChangesOcean Sun AS announced that the director for North-East Asia, Kristian Tørvold is appointed to the role of CEO to the company, while the current CEO and founder, Børge Bjørneklett, leaves the company. The Board of Directors believe no-one is better positioned than Kristian Tørvold to lead the company in scaling up. As a member of Ocean Sun´s management team for 5 years, Kristian has played a leading role in building up the North-East Asia office before relocating to Norway. His understanding of the important Asian market, combined with his varied skills in operations and business development, make him very well qualified for leading Ocean Sun.Reported Earnings • Feb 08Full year 2023 earnings releasedFull year 2023 results: Net loss: kr18.4m (loss widened 1.3% from FY 2022). Revenue is forecast to grow 49% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Construction industry in Norway.New Risk • Feb 06New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Revenue is less than US$1m (kr2.8m revenue, or US$267k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr3.0m net loss in 2 years). Market cap is less than US$100m (kr173.6m market cap, or US$16.3m).공고 • Dec 22+ 5 more updatesOcean Sun AS to Report Q4, 2024 Results on Feb 13, 2025Ocean Sun AS announced that they will report Q4, 2024 results on Feb 13, 2025Reported Earnings • Nov 12Third quarter 2023 earnings releasedThird quarter 2023 results: kr0.10 loss per share. Net loss: kr4.60m (loss widened 5.0% from 3Q 2022). Revenue is forecast to grow 77% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Construction industry in Norway. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 53% per year, which means it is performing significantly worse than earnings.New Risk • Oct 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Revenue is less than US$1m (kr2.5m revenue, or US$226k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr8.1m net loss in 2 years). Market cap is less than US$100m (kr227.6m market cap, or US$20.6m).Recent Insider Transactions • Aug 30Chairman recently bought kr76k worth of stockOn the 28th of August, Thomas Julius Borseth bought around 14k shares on-market at roughly kr5.42 per share. This transaction increased Thomas Julius' direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Thomas Julius has been a buyer over the last 12 months, purchasing a net total of kr149k worth in shares.Reported Earnings • Aug 23Second quarter 2023 earnings: Revenues miss analyst expectationsSecond quarter 2023 results: Net loss: kr3.90m (loss narrowed 9.9% from 2Q 2022). Revenue missed analyst estimates by 36%. Revenue is forecast to grow 87% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Professional Services industry in Europe.Buying Opportunity • Jul 20Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 8.9%. The fair value is estimated to be kr7.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 139% over the last year. Earnings per share has grown by 3.3%. Revenue is forecast to grow by 909% in a year. Earnings is forecast to grow by 97% in the next year.분석 기사 • Jul 12Calculating The Intrinsic Value Of Ocean Sun AS (OB:OSUN)Key Insights Using the 2 Stage Free Cash Flow to Equity, Ocean Sun fair value estimate is kr7.52 Ocean Sun's kr6.42...Buying Opportunity • Jul 04Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be kr7.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 139% over the last year. Earnings per share has grown by 3.3%. Revenue is forecast to grow by 909% in a year. Earnings is forecast to grow by 97% in the next year.New Risk • Jun 14New major risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (kr2.8m revenue, or US$268k). Minor Risks Currently unprofitable and not forecast to become profitable next year (kr508k net loss next year). Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (kr292.4m market cap, or US$27.7m).공고 • May 06Ocean Sun AS Elects Erik Løkke-Øwre as A Member of the BoardOn 04 May 2023, Ocean Sun AS at its AGM, elected Erik Løkke-Øwre as a member of the Board for a period of one year.분석 기사 • Apr 21Ocean Sun (OB:OSUN) Is In A Strong Position To Grow Its BusinessEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...분석 기사 • Jan 04Here's Why We're Not At All Concerned With Ocean Sun's (OB:OSUN) Cash Burn SituationEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...공고 • Dec 17+ 4 more updatesOcean Sun AS to Report Q3, 2023 Results on Nov 08, 2023Ocean Sun AS announced that they will report Q3, 2023 results on Nov 08, 2023Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director May Salberg was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • Oct 08Chairman recently bought kr73k worth of stockOn the 6th of October, Thomas Borseth bought around 9k shares on-market at roughly kr8.38 per share. This transaction increased Thomas' direct individual holding by 3x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Thomas' only on-market trade for the last 12 months.Breakeven Date Change • Sep 06Forecast to breakeven in 2024The analyst covering Ocean Sun expects the company to break even for the first time. New forecast suggests losses will reduce by 67% per year to 2023. The company is expected to make a profit of kr4.00m in 2024. Average annual earnings growth of 98% is required to achieve expected profit on schedule.분석 기사 • Jun 14We're Not Worried About Ocean Sun's (OB:OSUN) Cash BurnEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...Reported Earnings • May 13First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: kr0.11 loss per share. Net loss: kr4.83m (loss widened 30% from 1Q 2021). Revenue missed analyst estimates by 14%. Earnings per share (EPS) exceeded analyst estimates by 100%. Over the next year, revenue is forecast to grow 2,762%, compared to a 11% growth forecast for the industry in Norway.Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Anne Skrivarhaug was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.분석 기사 • Mar 08We're Not Very Worried About Ocean Sun's (OB:OSUN) Cash Burn RateWe can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...Recent Insider Transactions • Oct 06Chief Operating Officer recently bought kr155k worth of stockOn the 4th of October, Nenad Keseric bought around 9k shares on-market at roughly kr16.96 per share. This was the largest purchase by an insider in the last 3 months. This was Nenad's only on-market trade for the last 12 months.분석 기사 • Jul 22We're Not Worried About Ocean Sun's (OB:OSUN) Cash BurnEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...Recent Insider Transactions • Jun 05Chairman recently bought kr102k worth of stockOn the 3rd of June, Thomas Borseth bought around 3k shares on-market at roughly kr34.00 per share. This was the largest purchase by an insider in the last 3 months. This was Thomas' only on-market trade for the last 12 months.Is New 90 Day High Low • Feb 05New 90-day high: kr57.50The company is up 106% from its price of kr27.90 on 06 November 2020. The Norwegian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 36% over the same period.공고 • Feb 04Ocean Sun as Announces Executive ChangesOcean Sun AS announced the appointment of Nenad Keseric as the new Chief Operating Officer of Ocean Sun. The present COO, Alexander Telje will take position as Chief Commercial Officer. Keseric holds a PhD degree in Energy Economics from Vienna University of Technology (TU Wien). He has more than 15 years of experience from the energy industry, most recently as operations manager of the floating wind turbines in Equinor. His CV also contains management experience from major international energy companies, such as Statkraft in Norway and Verbund in Austria. Nenad has also experience as a Board Member in the Marine Energy Test (MET) Centre at Karmøy where he has been representing Equinor since 2012. Nenad is expected to take up the COO role on 1 May 2021.공고 • Jan 20Ocean Sun and Fred Olsen Renewables to Test Offshore Floating Solar Power in the Atlantic OceanOcean Sun and Fred Olsen Renewables announced that they have been awarded EC-funds for a project under the Horizon 2020 program. The other partners in the consortium are Innosea, the Technological Institute of the Canary Islands and the Oceanic Platform of the Canary Islands. During the project the partners shall perform analyses, laboratory tests and build a full-scale 0,25MWp floating solar power unit in the sunniest part of Europe, off the coast of Gran Canaria. The offshore test location poses challenging sea conditions with up to 10m wave-heights and high winds. As such the project is an excellent opportunity for Ocean Sun to explore the outer limits of its technology. The project will also serve to qualify and certify Ocean Sun's patented floating solar technology for offshore applications in non-sheltered locations. The project has a duration of 30 months and a total budget of EUR 4 million. The project starts in January 2021 with design and tests in basin laboratory and will be followed by sea trials. Following the installation, all aspects of the system will be analyzed and a plan for further commercialization and large-scale deployments will be developed.주주 수익률OSUNNO ConstructionNO 시장7D0.4%0.2%1.4%1Y-60.5%7.2%17.8%전체 주주 수익률 보기수익률 대 산업: OSUN은 지난 1년 동안 7.2%의 수익을 기록한 Norwegian Construction 산업보다 저조한 성과를 냈습니다.수익률 대 시장: OSUN은 지난 1년 동안 17.8%를 기록한 Norwegian 시장보다 저조한 성과를 냈습니다.주가 변동성Is OSUN's price volatile compared to industry and market?OSUN volatilityOSUN Average Weekly Movement32.0%Construction Industry Average Movement3.4%Market Average Movement4.9%10% most volatile stocks in NO Market9.9%10% least volatile stocks in NO Market2.8%안정적인 주가: OSUN의 주가는 지난 3개월 동안 Norwegian 시장보다 변동성이 컸습니다.시간에 따른 변동성: OSUN의 주간 변동성은 지난 1년간 21%에서 32%로 증가했습니다.회사 소개설립직원 수CEO웹사이트201611Kristian Torvoldoceansun.noOcean Sun AS는 태양광 패널을 이용한 부유식 발전 시스템을 개발합니다. 이 시스템은 하나 또는 여러 개의 부유체를 나란히 고정하여 대규모 발전소를 건설하는 시스템으로 구성됩니다. 이 회사는 2016년에 설립되었으며 노르웨이 리사커에 본사를 두고 있습니다.더 보기Ocean Sun AS 기초 지표 요약Ocean Sun의 순이익과 매출은 시가총액과 어떻게 비교됩니까?OSUN 기초 통계시가총액NOK 46.39m순이익 (TTM)-NOK 21.85m매출 (TTM)NOK 2.23m20.9x주가매출비율(P/S)-2.1x주가수익비율(P/E)OSUN는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표OSUN 손익계산서 (TTM)매출NOK 2.23m매출원가NOK 310.00k총이익NOK 1.92m기타 비용NOK 23.77m순이익-NOK 21.85m최근 보고된 실적Mar 31, 2026다음 실적 발표일Aug 26, 2026주당순이익(EPS)-0.24총이익률86.12%순이익률-978.41%부채/자본 비율0%OSUN의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/03 16:59종가2026/08/03 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Ocean Sun AS는 1명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Magnus SolheimFearnley Securities
New Risk • Jun 28New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (34% average weekly change). Earnings have declined by 4.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Revenue is less than US$1m (kr2.2m revenue, or US$225k). Market cap is less than US$10m (kr43.9m market cap, or US$4.42m).
공고 • Jun 17Ocean Sun AS Receives EU Funding Of NOK 2.1 Million As Part Of Isla Bonita ProjectOcean Sun AS has been awarded EU funding of approximately NOK 2.1 million as part of the Isla Bonita project. The project aims to accelerate the transition towards sustainable, climate-resilient island communities by deploying and scaling innovative ocean- and water-related solutions. With an overall EU contribution of approximately EUR 13.5 million, the Isla Bonita project is coordinated by Plocan and brings together a broad consortium of research institutions, industry partners and public authorities to implement demonstration projects across several island regions in Europe. Ocean Sun will lead the La Palma demonstrator, a flagship initiative located at the port of Tazacorte in the Canary Islands. The demonstrator builds on the technical and operational learning from the BOOST project and represents the next step in Ocean Sun’s work to adapt floating solar technology for exposed coastal and island environments. The system will combine renewable energy from an Ocean Sun FPV installation with desalination technologies in an integrated solution. Located in the rough seas of La Palma, the 310 kWp FPV demonstrator will provide a relevant test site for further research, validation and operational improvement in exposed conditions. The integration with a desalination unit will also demonstrate a replicable model for island and coastal regions facing high electricity costs and water scarcity. Ocean Sun will be responsible for design and deployment of the floating solar system, implementation of an automated cleaning solution, and integration of a rainwater collection system for operational use. Ocean Sun’s allocated contribution is EUR 190,000 and excludes CAPEX related to the demonstrator. The EU support enables Ocean Sun and its partners to continue advancing floating solar in demanding marine environments, building on prior experience while further improving a solution already commercially available for island and resort markets seeking alternatives to expensive and volatile fossil fuels.
공고 • May 23Ocean Sun AS has filed a Follow-on Equity Offering in the amount of NOK 20 million.Ocean Sun AS has filed a Follow-on Equity Offering in the amount of NOK 20 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 40,000,000 Price\Range: NOK 0.5 Transaction Features: Rights Offering
New Risk • Apr 22New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr22m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 5.6% per year over the past 5 years. Revenue is less than US$1m (kr2.2m revenue, or US$236k). Market cap is less than US$10m (kr63.9m market cap, or US$6.87m).
Reported Earnings • Mar 30Full year 2025 earnings releasedFull year 2025 results: Revenue: kr2.19m (down 70% from FY 2024). Net loss: kr20.7m (loss widened 22% from FY 2024).
Reported Earnings • Feb 06Full year 2025 earnings releasedFull year 2025 results: Revenue: kr11.0m (up 53% from FY 2024). Net loss: kr20.7m (loss widened 22% from FY 2024).
New Risk • Jun 28New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (34% average weekly change). Earnings have declined by 4.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Revenue is less than US$1m (kr2.2m revenue, or US$225k). Market cap is less than US$10m (kr43.9m market cap, or US$4.42m).
공고 • Jun 17Ocean Sun AS Receives EU Funding Of NOK 2.1 Million As Part Of Isla Bonita ProjectOcean Sun AS has been awarded EU funding of approximately NOK 2.1 million as part of the Isla Bonita project. The project aims to accelerate the transition towards sustainable, climate-resilient island communities by deploying and scaling innovative ocean- and water-related solutions. With an overall EU contribution of approximately EUR 13.5 million, the Isla Bonita project is coordinated by Plocan and brings together a broad consortium of research institutions, industry partners and public authorities to implement demonstration projects across several island regions in Europe. Ocean Sun will lead the La Palma demonstrator, a flagship initiative located at the port of Tazacorte in the Canary Islands. The demonstrator builds on the technical and operational learning from the BOOST project and represents the next step in Ocean Sun’s work to adapt floating solar technology for exposed coastal and island environments. The system will combine renewable energy from an Ocean Sun FPV installation with desalination technologies in an integrated solution. Located in the rough seas of La Palma, the 310 kWp FPV demonstrator will provide a relevant test site for further research, validation and operational improvement in exposed conditions. The integration with a desalination unit will also demonstrate a replicable model for island and coastal regions facing high electricity costs and water scarcity. Ocean Sun will be responsible for design and deployment of the floating solar system, implementation of an automated cleaning solution, and integration of a rainwater collection system for operational use. Ocean Sun’s allocated contribution is EUR 190,000 and excludes CAPEX related to the demonstrator. The EU support enables Ocean Sun and its partners to continue advancing floating solar in demanding marine environments, building on prior experience while further improving a solution already commercially available for island and resort markets seeking alternatives to expensive and volatile fossil fuels.
공고 • May 23Ocean Sun AS has filed a Follow-on Equity Offering in the amount of NOK 20 million.Ocean Sun AS has filed a Follow-on Equity Offering in the amount of NOK 20 million. Security Name: Common Shares Security Type: Common Stock Securities Offered: 40,000,000 Price\Range: NOK 0.5 Transaction Features: Rights Offering
New Risk • Apr 22New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr22m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 5.6% per year over the past 5 years. Revenue is less than US$1m (kr2.2m revenue, or US$236k). Market cap is less than US$10m (kr63.9m market cap, or US$6.87m).
Reported Earnings • Mar 30Full year 2025 earnings releasedFull year 2025 results: Revenue: kr2.19m (down 70% from FY 2024). Net loss: kr20.7m (loss widened 22% from FY 2024).
Reported Earnings • Feb 06Full year 2025 earnings releasedFull year 2025 results: Revenue: kr11.0m (up 53% from FY 2024). Net loss: kr20.7m (loss widened 22% from FY 2024).
공고 • Dec 22Ocean Sun AS, Annual General Meeting, May 06, 2026Ocean Sun AS, Annual General Meeting, May 06, 2026.
공고 • Dec 19+ 4 more updatesOcean Sun AS to Report Q1, 2026 Results on May 07, 2026Ocean Sun AS announced that they will report Q1, 2026 results on May 07, 2026
공고 • Dec 03Ocean Sun AS has completed a Follow-on Equity Offering in the amount of NOK 8.99724 million.Ocean Sun AS has completed a Follow-on Equity Offering in the amount of NOK 8.99724 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 4,498,620 Price\Range: NOK 2 Transaction Features: Subsequent Direct Listing
Reported Earnings • Nov 09Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: kr2.36m (up 7.8% from 3Q 2024). Net loss: kr6.47m (loss widened 29% from 3Q 2024).
Reported Earnings • Aug 28Second quarter 2025 earnings releasedSecond quarter 2025 results: Revenue: kr2.34m (flat on 2Q 2024). Net loss: kr4.61m (loss widened 10% from 2Q 2024).
Reported Earnings • May 09First quarter 2025 earnings releasedFirst quarter 2025 results: Revenue: kr1.45m (up 26% from 1Q 2024). Net loss: kr5.18m (loss widened 109% from 1Q 2024).
Reported Earnings • Mar 31Full year 2024 earnings released: kr0.38 loss per share (vs kr0.41 loss in FY 2023)Full year 2024 results: kr0.38 loss per share (improved from kr0.41 loss in FY 2023). Revenue: kr7.21m (up 129% from FY 2023). Net loss: kr17.0m (loss narrowed 9.1% from FY 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 54% per year, which means it is significantly lagging earnings.
New Risk • Mar 14New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 6.2% per year over the past 5 years. Revenue is less than US$1m (kr7.6m revenue, or US$712k). Market cap is less than US$10m (kr66.4m market cap, or US$6.21m).
Reported Earnings • Feb 21Full year 2024 earnings releasedFull year 2024 results: Revenue: kr19.1m (up kr16.0m from FY 2023). Net loss: kr16.9m (loss narrowed 9.2% from FY 2023).
공고 • Feb 11Ocean Sun Appoints Kristin Husby Mork as Chief Commercial Officer, Effective April 2025Ocean Sun announced the expansion of its leadership team with the appointment of Kristin Husby Mork as Chief Commercial Officer, effective April 2025. Kristin brings a wealth of experience in the energy sector, having served as Commercial Director at TechnipFMC, leading the New Energy discipline. Her role involved building up the New Energy business area, which focuses on CCS, floating offshore wind, and hydrogen. Prior to that, she was a project manager at Equinor, responsible for establishing Equinor's foothold in Asia with regards to offshore wind. Kristin's expertise in commercial strategy, project execution, and market positioning will be invaluable to Ocean Sun as continue to expand offerings. She holds an MBA in Finance from NHH and a M.Sc. in Mathematics, Physics, and Informatics from NTNU.
공고 • Dec 18Ocean Sun AS, Annual General Meeting, May 06, 2025Ocean Sun AS, Annual General Meeting, May 06, 2025.
공고 • Dec 17+ 4 more updatesOcean Sun AS to Report First Half, 2025 Results on Aug 28, 2025Ocean Sun AS announced that they will report first half, 2025 results on Aug 28, 2025
Reported Earnings • Nov 08Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: kr2.61m (up 80% from 3Q 2023). Net loss: kr5.02m (loss widened 9.0% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 53% per year, which means it is significantly lagging earnings.
New Risk • Sep 23New major risk - Revenue and earnings growthEarnings have declined by 8.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.8% per year over the past 5 years. Revenue is less than US$1m (kr6.2m revenue, or US$587k). Market cap is less than US$10m (kr90.0m market cap, or US$8.55m). Minor Risk Share price has been volatile over the past 3 months (11% average weekly change).
공고 • Aug 16Ocean Sun AS Announces the Appointments of David Knutsen as Chief Product Officer and Carl Petter Lehne as Chief Operating Officer, Effective October/November 2024Ocean Sun AS announced the expansion of its leadership team with the appointments of David Knutsen as Chief Product Officer (CPO) and Carl Petter Lehne as Chief Operating Officer (COO), effective October/November 2024. David Knutsen brings over a decade of experience in the maritime industry, having played a pivotal role in the development of the world’s first floating LNG transfer system as Co-founder and CTO of ECOnnect Energy AS. His expertise in marine technology and experience in product development and scaling innovative solutions will be invaluable to Ocean Sun as continue to expand offerings. David holds a Master’s degree in Marine Technology from the Norwegian University of Science and Technology (NTNU). Carl Petter Lehne joins Ocean Sun after a successful tenure at Metier, where he led the Industry and Infrastructure Group. With a rich background in managing complex infrastructure projects, including key roles at Multiconsult engineering projects, Carl Petter brings a deep understanding of best practices in project development, management and execution. His knowledge will be instrumental in guiding Ocean Sun through its current scale-up phase. Carl Petter holds a Master’s degree in Civil Engineering with a focus on Marine Technology and Geotechnical Engineering from the Technical University of Denmark (DTU).
Buy Or Sell Opportunity • Aug 05Now 23% undervalued after recent price dropOver the last 90 days, the stock has fallen 42% to kr2.07. The fair value is estimated to be kr2.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 491% in a year. Earnings are forecast to grow by 34% in the next year.
Buy Or Sell Opportunity • Jul 01Now 3.3% overvaluedOver the last 90 days, the stock has fallen 30% to kr2.44. The fair value is estimated to be kr2.36, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 491% in a year. Earnings are forecast to grow by 34% in the next year.
Buy Or Sell Opportunity • Jun 19Now 21% overvaluedOver the last 90 days, the stock has fallen 31% to kr2.27. The fair value is estimated to be kr1.88, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 491% in a year. Earnings are forecast to grow by 34% in the next year.
New Risk • Jun 14New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr105.7m (US$9.93m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Revenue is less than US$1m (kr4.3m revenue, or US$404k). Market cap is less than US$10m (kr105.7m market cap, or US$9.93m). Minor Risk Currently unprofitable and not forecast to become profitable next year (kr10m net loss next year).
New Risk • May 16New minor risk - ProfitabilityThe company is currently unprofitable and not forecast to become profitable over the next year. Trailing 12-month net loss: kr15m Forecast net loss in 1 year: kr10m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (kr6.6m revenue, or US$614k). Minor Risks Currently unprofitable and not forecast to become profitable next year (kr10m net loss next year). Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (kr156.6m market cap, or US$14.6m).
New Risk • May 03New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Revenue is less than US$1m (kr3.2m revenue, or US$290k). Minor Risk Market cap is less than US$100m (kr170.5m market cap, or US$15.7m).
Reported Earnings • Apr 24Full year 2023 earnings: EPS in line with analyst expectations despite revenue beatFull year 2023 results: kr0.41 loss per share (further deteriorated from kr0.40 loss in FY 2022). Net loss: kr18.7m (loss widened 2.8% from FY 2022). Revenue exceeded analyst estimates by 64%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 89% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Construction industry in Norway. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings.
공고 • Feb 16Ocean Sun AS Announces CEO ChangesOcean Sun AS announced that the director for North-East Asia, Kristian Tørvold is appointed to the role of CEO to the company, while the current CEO and founder, Børge Bjørneklett, leaves the company. The Board of Directors believe no-one is better positioned than Kristian Tørvold to lead the company in scaling up. As a member of Ocean Sun´s management team for 5 years, Kristian has played a leading role in building up the North-East Asia office before relocating to Norway. His understanding of the important Asian market, combined with his varied skills in operations and business development, make him very well qualified for leading Ocean Sun.
Reported Earnings • Feb 08Full year 2023 earnings releasedFull year 2023 results: Net loss: kr18.4m (loss widened 1.3% from FY 2022). Revenue is forecast to grow 49% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Construction industry in Norway.
New Risk • Feb 06New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Revenue is less than US$1m (kr2.8m revenue, or US$267k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr3.0m net loss in 2 years). Market cap is less than US$100m (kr173.6m market cap, or US$16.3m).
공고 • Dec 22+ 5 more updatesOcean Sun AS to Report Q4, 2024 Results on Feb 13, 2025Ocean Sun AS announced that they will report Q4, 2024 results on Feb 13, 2025
Reported Earnings • Nov 12Third quarter 2023 earnings releasedThird quarter 2023 results: kr0.10 loss per share. Net loss: kr4.60m (loss widened 5.0% from 3Q 2022). Revenue is forecast to grow 77% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Construction industry in Norway. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 53% per year, which means it is performing significantly worse than earnings.
New Risk • Oct 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Norwegian stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Revenue is less than US$1m (kr2.5m revenue, or US$226k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr8.1m net loss in 2 years). Market cap is less than US$100m (kr227.6m market cap, or US$20.6m).
Recent Insider Transactions • Aug 30Chairman recently bought kr76k worth of stockOn the 28th of August, Thomas Julius Borseth bought around 14k shares on-market at roughly kr5.42 per share. This transaction increased Thomas Julius' direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Thomas Julius has been a buyer over the last 12 months, purchasing a net total of kr149k worth in shares.
Reported Earnings • Aug 23Second quarter 2023 earnings: Revenues miss analyst expectationsSecond quarter 2023 results: Net loss: kr3.90m (loss narrowed 9.9% from 2Q 2022). Revenue missed analyst estimates by 36%. Revenue is forecast to grow 87% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Professional Services industry in Europe.
Buying Opportunity • Jul 20Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 8.9%. The fair value is estimated to be kr7.45, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 139% over the last year. Earnings per share has grown by 3.3%. Revenue is forecast to grow by 909% in a year. Earnings is forecast to grow by 97% in the next year.
분석 기사 • Jul 12Calculating The Intrinsic Value Of Ocean Sun AS (OB:OSUN)Key Insights Using the 2 Stage Free Cash Flow to Equity, Ocean Sun fair value estimate is kr7.52 Ocean Sun's kr6.42...
Buying Opportunity • Jul 04Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 12%. The fair value is estimated to be kr7.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 139% over the last year. Earnings per share has grown by 3.3%. Revenue is forecast to grow by 909% in a year. Earnings is forecast to grow by 97% in the next year.
New Risk • Jun 14New major risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Norwegian stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (kr2.8m revenue, or US$268k). Minor Risks Currently unprofitable and not forecast to become profitable next year (kr508k net loss next year). Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (kr292.4m market cap, or US$27.7m).
공고 • May 06Ocean Sun AS Elects Erik Løkke-Øwre as A Member of the BoardOn 04 May 2023, Ocean Sun AS at its AGM, elected Erik Løkke-Øwre as a member of the Board for a period of one year.
분석 기사 • Apr 21Ocean Sun (OB:OSUN) Is In A Strong Position To Grow Its BusinessEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
분석 기사 • Jan 04Here's Why We're Not At All Concerned With Ocean Sun's (OB:OSUN) Cash Burn SituationEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
공고 • Dec 17+ 4 more updatesOcean Sun AS to Report Q3, 2023 Results on Nov 08, 2023Ocean Sun AS announced that they will report Q3, 2023 results on Nov 08, 2023
Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director May Salberg was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • Oct 08Chairman recently bought kr73k worth of stockOn the 6th of October, Thomas Borseth bought around 9k shares on-market at roughly kr8.38 per share. This transaction increased Thomas' direct individual holding by 3x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Thomas' only on-market trade for the last 12 months.
Breakeven Date Change • Sep 06Forecast to breakeven in 2024The analyst covering Ocean Sun expects the company to break even for the first time. New forecast suggests losses will reduce by 67% per year to 2023. The company is expected to make a profit of kr4.00m in 2024. Average annual earnings growth of 98% is required to achieve expected profit on schedule.
분석 기사 • Jun 14We're Not Worried About Ocean Sun's (OB:OSUN) Cash BurnEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Reported Earnings • May 13First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: kr0.11 loss per share. Net loss: kr4.83m (loss widened 30% from 1Q 2021). Revenue missed analyst estimates by 14%. Earnings per share (EPS) exceeded analyst estimates by 100%. Over the next year, revenue is forecast to grow 2,762%, compared to a 11% growth forecast for the industry in Norway.
Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Anne Skrivarhaug was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
분석 기사 • Mar 08We're Not Very Worried About Ocean Sun's (OB:OSUN) Cash Burn RateWe can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining...
Recent Insider Transactions • Oct 06Chief Operating Officer recently bought kr155k worth of stockOn the 4th of October, Nenad Keseric bought around 9k shares on-market at roughly kr16.96 per share. This was the largest purchase by an insider in the last 3 months. This was Nenad's only on-market trade for the last 12 months.
분석 기사 • Jul 22We're Not Worried About Ocean Sun's (OB:OSUN) Cash BurnEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
Recent Insider Transactions • Jun 05Chairman recently bought kr102k worth of stockOn the 3rd of June, Thomas Borseth bought around 3k shares on-market at roughly kr34.00 per share. This was the largest purchase by an insider in the last 3 months. This was Thomas' only on-market trade for the last 12 months.
Is New 90 Day High Low • Feb 05New 90-day high: kr57.50The company is up 106% from its price of kr27.90 on 06 November 2020. The Norwegian market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 36% over the same period.
공고 • Feb 04Ocean Sun as Announces Executive ChangesOcean Sun AS announced the appointment of Nenad Keseric as the new Chief Operating Officer of Ocean Sun. The present COO, Alexander Telje will take position as Chief Commercial Officer. Keseric holds a PhD degree in Energy Economics from Vienna University of Technology (TU Wien). He has more than 15 years of experience from the energy industry, most recently as operations manager of the floating wind turbines in Equinor. His CV also contains management experience from major international energy companies, such as Statkraft in Norway and Verbund in Austria. Nenad has also experience as a Board Member in the Marine Energy Test (MET) Centre at Karmøy where he has been representing Equinor since 2012. Nenad is expected to take up the COO role on 1 May 2021.
공고 • Jan 20Ocean Sun and Fred Olsen Renewables to Test Offshore Floating Solar Power in the Atlantic OceanOcean Sun and Fred Olsen Renewables announced that they have been awarded EC-funds for a project under the Horizon 2020 program. The other partners in the consortium are Innosea, the Technological Institute of the Canary Islands and the Oceanic Platform of the Canary Islands. During the project the partners shall perform analyses, laboratory tests and build a full-scale 0,25MWp floating solar power unit in the sunniest part of Europe, off the coast of Gran Canaria. The offshore test location poses challenging sea conditions with up to 10m wave-heights and high winds. As such the project is an excellent opportunity for Ocean Sun to explore the outer limits of its technology. The project will also serve to qualify and certify Ocean Sun's patented floating solar technology for offshore applications in non-sheltered locations. The project has a duration of 30 months and a total budget of EUR 4 million. The project starts in January 2021 with design and tests in basin laboratory and will be followed by sea trials. Following the installation, all aspects of the system will be analyzed and a plan for further commercialization and large-scale deployments will be developed.
