View Future GrowthNOS Nova 과거 순이익 실적과거 기준 점검 0/6NOS Nova 의 수입은 연평균 -6.7%의 비율로 감소해 온 반면, Oil and Gas 산업은 연평균 10.4%의 비율로 증가했습니다. 매출은 연평균 76.3%의 비율로 증가해 왔습니다.핵심 정보-6.66%순이익 성장률-2.89%주당순이익(EPS) 성장률Oil and Gas 산업 성장률39.67%매출 성장률76.33%자기자본이익률-99.32%순이익률-600.13%다음 순이익 업데이트04 Sep 2026최근 과거 실적 업데이트공고 • Dec 19+ 4 more updatesHorisont Energi AS to Report First Half, 2025 Results on Aug 28, 2025Horisont Energi AS announced that they will report first half, 2025 results on Aug 28, 2025공고 • Dec 16+ 3 more updatesHorisont Energi AS to Report Q1, 2024 Results on May 15, 2024Horisont Energi AS announced that they will report Q1, 2024 results on May 15, 2024모든 업데이트 보기Recent updatesNew Risk • May 27New 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 Less than 1 year of cash runway based on free cash flow trend (-kr51m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 6.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (88% increase in shares outstanding). Revenue is less than US$1m (kr8.2m revenue, or US$879k). Market cap is less than US$10m (kr42.8m market cap, or US$4.62m).New Risk • Mar 10New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. 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 (-kr85m free cash flow). Earnings have declined by 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (88% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (kr53.9m market cap, or US$5.63m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (10% average weekly change).공고 • Feb 10+ 2 more updatesNOS Nova AS, Annual General Meeting, Mar 26, 2026NOS Nova AS, Annual General Meeting, Mar 26, 2026.New Risk • Jan 07New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 88% 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 Less than 1 year of cash runway based on free cash flow trend (-kr85m free cash flow). Earnings have declined by 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (88% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (kr61.1m market cap, or US$6.07m). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change).Board Change • Nov 22No independent directorsThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. No independent directors (3 non-independent directors). Board Observer Bjorn Simonsen is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors.공고 • Aug 29NOS Group acquired 48.52% stake in Horisont Energi AS (OB:HRGI).NOS Group acquired 48.52% stake in Horisont Energi AS (OB:HRGI) on August 28, 2025. Horisont Energi has for a considerable time been working actively to secure funding for its core projects without success. On August 21, the Board of Horisont Energi consequently decided to instigate a plan to wind down the day-to-day operations. NOS Group has expressed that it will continue the operations and has communicated ambitious plans to develop Horisont Energi AS further. The Board of Horisont Energi if of the view, that this is a good outcome for Horisont Energi AS, its employees and the other shareholders. The Board will cooperate closely with NOS Group to align plans and activities. NOS Group completed the acquisition of 48.52% stake in Horisont Energi AS (OB:HRGI) on August 28, 2025.공고 • Jun 12Horisont Energi Announces Additional DividendHorisont Energi AS at its AGM held on June 11, 2025 announced a distribution of additional dividend in the amount of NOK 11,162,990 is made based on the company's most recently approved annual financial statements for 2024. The dividend is distributed to 22,325,980 shares in the company and allocated at NOK 0.50 per share. The distribution will be made to those shareholders registered as owners of the individual shares on the date of the general meeting. The distribution shall, to the extent possible, be considered a repayment of tax-paid capital for each shareholder.공고 • May 30Horisont Energi as Proposes Extraordinary Dividend, Payable on June 25, 2025he Board of Horisont Energi AS has decided to propose an extraordinary dividend of NOK 0.50 per share based on the annual accounts for 2024. The proposal will be addressed at the Extraordinary General Meeting on June 11, 2025. Ex-date is June 12, 2025. Record date is June 13, 2025. Payment date is June 25, 2025.공고 • May 27Horisont Energi AS Proposes Cash DistributionHorisont Energi AS proposed a cash distribution of NOK 0.50 per share in Horisont Energi at its EGM to be held on 11 June 2025. The distribution will be made to those shareholders registered as owners of the individual shares on the date of the general meeting.공고 • Apr 10Horisont Energi AS Announces Committee Nomination ElectionsHorisont Energi AS at its general meeting held on 10 April 2025, approved the election of the nomination committee: The nomination committee shall consist of: Maria Fogelfors Wredmark (leader); Tor Morne and Dan Flolo.New Risk • Feb 19New 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 Less than 1 year of cash runway based on free cash flow trend (-kr140m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 34% per year over the past 5 years. Revenue is less than US$1m (kr5.0m revenue, or US$449k). Market cap is less than US$10m (kr22.3m market cap, or US$2.00m).공고 • Feb 13Horisont Energi AS Announces Board and Committee ChangesHorisont Energi AS announced the following changes to the Board of Directors of Horisont Energi: Dr. Gabriël Clemens stepped down, effective 12 February, as E.ON Energy Projects GmbH’s representative in Horisont Energi AS and consequently as Chair of the Board. Dr. Clemens will leave E.ON to take up the position as CEO of MVV Energie AG, Mannheim, from April 1, 2025. E.ON Energy Projects GmbH has in accordance with the by-laws in Horisont Energi AS appointed Frode Sigurd Berg to the board in Horisont Energi AS, effective 12 February 2025. Leif Chr. Salomonsen who has served as deputy Chair of the Board has informed the Company that he wants to resign from his board duties effective 12 February, for private reasons. The Board of Horisont Energi AS constituted Frode Sigurd Berg as new Chair in a board meeting convened on 12 February 2025. Mr. Berg is currently a professional board member and has served at several boards in Norway and abroad, both as board member and chair. Mr. Berg has extensive experience with change management and strategic processes. Following on February 13, 2025 announcement, the now Board consists of: Frode Sigurd Berg (chair), Silje Augustson (board member), Rolf Magne Larsen (board member), Rob Stevens (board member), Celine Claire Laure Pithoud (employee elected board member), Rainer Bayerke (deputy for the E.ON appointed representative). Frode Sigurd Berg is currently the Chair of the nomination/election committee in Horisont Energi. He has stepped out from this role, and the work to find his replacement in the committee will start immediately. The new member of the committee will be formally appointed in the Annual General Meeting 27 May 2025.공고 • Dec 19+ 4 more updatesHorisont Energi AS to Report First Half, 2025 Results on Aug 28, 2025Horisont Energi AS announced that they will report first half, 2025 results on Aug 28, 2025New Risk • Aug 01New 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 Less than 1 year of cash runway based on free cash flow trend (-kr179m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 47% per year over the past 5 years. Revenue is less than US$1m (kr5.4m revenue, or US$494k). Market cap is less than US$10m (kr93.5m market cap, or US$8.59m).공고 • May 30Horisont Energi AS Announces Board and Committee AppointmentsHorisont Energi AS at its Annual General Meeting held on May 29, 2024, approved election of Celine Pithoud (employee elected board member); Rainer Bayerke (personal deputy to Dr. Gabriël Clemens); and Hilde Alexandersen (employee elected personal deputy to Celine Pithoud). The nomination committee shall consist of: Frode Berg (chair); Tor Mørne and Mia Fogelfors Wredmark.New Risk • Mar 19New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr194m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-kr194m free cash flow). Earnings have declined by 58% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (kr88.6m market cap, or US$8.33m). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change).New Risk • Jan 17New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr99.1m (US$9.43m) 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 Revenue is less than US$1m. Market cap is less than US$10m (kr99.1m market cap, or US$9.43m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr68m net loss in 2 years). Share price has been volatile over the past 3 months (9.9% average weekly change).공고 • Dec 16+ 3 more updatesHorisont Energi AS to Report Q1, 2024 Results on May 15, 2024Horisont Energi AS announced that they will report Q1, 2024 results on May 15, 2024New Risk • Dec 11New minor 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 8.7% 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. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr68m net loss in 2 years). Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (kr143.8m market cap, or US$13.1m).공고 • Oct 13Horisont Energi AS Announces Resignation of Beatriz Malo de Molina as Board MemberHorisont Energi AS announced changes to the Board of Directors. As a result of a new professional engagement, board member Ms. Beatriz Malo de Molina in September informed the board that she could regretfully no longer retain her directorship in the Company beyond the time required to nominate a replacement.New Risk • Oct 05New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr109.4m (US$9.98m) 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 Revenue is less than US$1m. Market cap is less than US$10m (kr109.4m market cap, or US$9.98m). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (kr54m net loss in 2 years).Breakeven Date Change • Sep 10No longer forecast to breakevenThe analyst covering Horisont Energi no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr201.0m in 2023. New forecast suggests the company will make a loss of kr81.0m in 2025.Price Target Changed • Mar 14Price target decreased by 81% to kr22.00Down from kr116, the current price target is provided by 1 analyst. New target price is 122% above last closing price of kr9.92. Stock is down 86% over the past year. The company is forecast to post a net loss per share of kr5.19 next year compared to a net loss per share of kr3.30 last year.Recent Insider Transactions • Feb 03Director recently sold kr275k worth of stockOn the 1st of February, Oystein Spetalen sold around 14k shares on-market at roughly kr19.32 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.공고 • Feb 02Horisont Energi Announces Change in Board of DirectorsThe board in Horisont Energi has been informed by Mr. Øyein Stray Spetetalen that he resigns from his position as a member of the board of directors of the Company effective immediately.공고 • Dec 22+ 4 more updatesHorisont Energi AS, Annual General Meeting, May 25, 2023Horisont Energi AS, Annual General Meeting, May 25, 2023.Board Change • Nov 16No independent directorsThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. No independent directors (5 non-independent directors). Director Oystein Spetalen is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors.Board Change • Apr 27No independent directorsThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. No independent directors (5 non-independent directors). Director Oystein Spetalen is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors.Recent Insider Transactions • Jan 15Director recently sold kr400k worth of stockOn the 13th of January, Rolf Larsen sold around 4k shares on-market at roughly kr100.00 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr51m more than they bought in the last 12 months.Recent Insider Transactions • Sep 16Director recently sold kr51m worth of stockOn the 13th of September, Oystein Spetalen sold around 854k shares on-market at roughly kr59.30 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.매출 및 비용 세부 내역NOS Nova가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이OB:NOSN 매출, 비용 및 순이익 (NOK Millions)날짜매출순이익일반관리비연구개발비31 Dec 258-4939030 Sep 258-6249030 Jun 250-8360031 Mar 250-9562031 Dec 244-11068030 Sep 245-10885030 Jun 240-12487031 Mar 245-15387031 Dec 230-19379030 Sep 230-22663030 Jun 230-20254031 Mar 230-17446031 Dec 220-13441030 Sep 220-10025030 Jun 220-10217031 Mar 220-7913031 Dec 210-529030 Sep 210-368031 Dec 200-460양질의 수익: NOSN 은(는) 현재 수익성이 없습니다.이익 마진 증가: NOSN는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: NOSN은 수익성이 없으며 지난 5년 동안 손실이 연평균 6.7% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 NOSN의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: NOSN은 수익성이 없어 지난 해 수익 성장률을 Oil and Gas 업계(-8%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: NOSN는 현재 수익성이 없으므로 자본 수익률이 음수(-99.32%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YEnergy 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/07/28 04:59종가2026/07/28 00:00수익2025/12/31연간 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 소스NOS Nova 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.분석가기관Espen FjermestadFearnley Securities
공고 • Dec 19+ 4 more updatesHorisont Energi AS to Report First Half, 2025 Results on Aug 28, 2025Horisont Energi AS announced that they will report first half, 2025 results on Aug 28, 2025
공고 • Dec 16+ 3 more updatesHorisont Energi AS to Report Q1, 2024 Results on May 15, 2024Horisont Energi AS announced that they will report Q1, 2024 results on May 15, 2024
New Risk • May 27New 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 Less than 1 year of cash runway based on free cash flow trend (-kr51m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 6.7% per year over the past 5 years. Shareholders have been substantially diluted in the past year (88% increase in shares outstanding). Revenue is less than US$1m (kr8.2m revenue, or US$879k). Market cap is less than US$10m (kr42.8m market cap, or US$4.62m).
New Risk • Mar 10New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. 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 (-kr85m free cash flow). Earnings have declined by 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (88% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (kr53.9m market cap, or US$5.63m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (10% average weekly change).
공고 • Feb 10+ 2 more updatesNOS Nova AS, Annual General Meeting, Mar 26, 2026NOS Nova AS, Annual General Meeting, Mar 26, 2026.
New Risk • Jan 07New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 88% 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 Less than 1 year of cash runway based on free cash flow trend (-kr85m free cash flow). Earnings have declined by 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (88% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (kr61.1m market cap, or US$6.07m). Minor Risk Share price has been volatile over the past 3 months (8.7% average weekly change).
Board Change • Nov 22No independent directorsThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. No independent directors (3 non-independent directors). Board Observer Bjorn Simonsen is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors.
공고 • Aug 29NOS Group acquired 48.52% stake in Horisont Energi AS (OB:HRGI).NOS Group acquired 48.52% stake in Horisont Energi AS (OB:HRGI) on August 28, 2025. Horisont Energi has for a considerable time been working actively to secure funding for its core projects without success. On August 21, the Board of Horisont Energi consequently decided to instigate a plan to wind down the day-to-day operations. NOS Group has expressed that it will continue the operations and has communicated ambitious plans to develop Horisont Energi AS further. The Board of Horisont Energi if of the view, that this is a good outcome for Horisont Energi AS, its employees and the other shareholders. The Board will cooperate closely with NOS Group to align plans and activities. NOS Group completed the acquisition of 48.52% stake in Horisont Energi AS (OB:HRGI) on August 28, 2025.
공고 • Jun 12Horisont Energi Announces Additional DividendHorisont Energi AS at its AGM held on June 11, 2025 announced a distribution of additional dividend in the amount of NOK 11,162,990 is made based on the company's most recently approved annual financial statements for 2024. The dividend is distributed to 22,325,980 shares in the company and allocated at NOK 0.50 per share. The distribution will be made to those shareholders registered as owners of the individual shares on the date of the general meeting. The distribution shall, to the extent possible, be considered a repayment of tax-paid capital for each shareholder.
공고 • May 30Horisont Energi as Proposes Extraordinary Dividend, Payable on June 25, 2025he Board of Horisont Energi AS has decided to propose an extraordinary dividend of NOK 0.50 per share based on the annual accounts for 2024. The proposal will be addressed at the Extraordinary General Meeting on June 11, 2025. Ex-date is June 12, 2025. Record date is June 13, 2025. Payment date is June 25, 2025.
공고 • May 27Horisont Energi AS Proposes Cash DistributionHorisont Energi AS proposed a cash distribution of NOK 0.50 per share in Horisont Energi at its EGM to be held on 11 June 2025. The distribution will be made to those shareholders registered as owners of the individual shares on the date of the general meeting.
공고 • Apr 10Horisont Energi AS Announces Committee Nomination ElectionsHorisont Energi AS at its general meeting held on 10 April 2025, approved the election of the nomination committee: The nomination committee shall consist of: Maria Fogelfors Wredmark (leader); Tor Morne and Dan Flolo.
New Risk • Feb 19New 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 Less than 1 year of cash runway based on free cash flow trend (-kr140m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 34% per year over the past 5 years. Revenue is less than US$1m (kr5.0m revenue, or US$449k). Market cap is less than US$10m (kr22.3m market cap, or US$2.00m).
공고 • Feb 13Horisont Energi AS Announces Board and Committee ChangesHorisont Energi AS announced the following changes to the Board of Directors of Horisont Energi: Dr. Gabriël Clemens stepped down, effective 12 February, as E.ON Energy Projects GmbH’s representative in Horisont Energi AS and consequently as Chair of the Board. Dr. Clemens will leave E.ON to take up the position as CEO of MVV Energie AG, Mannheim, from April 1, 2025. E.ON Energy Projects GmbH has in accordance with the by-laws in Horisont Energi AS appointed Frode Sigurd Berg to the board in Horisont Energi AS, effective 12 February 2025. Leif Chr. Salomonsen who has served as deputy Chair of the Board has informed the Company that he wants to resign from his board duties effective 12 February, for private reasons. The Board of Horisont Energi AS constituted Frode Sigurd Berg as new Chair in a board meeting convened on 12 February 2025. Mr. Berg is currently a professional board member and has served at several boards in Norway and abroad, both as board member and chair. Mr. Berg has extensive experience with change management and strategic processes. Following on February 13, 2025 announcement, the now Board consists of: Frode Sigurd Berg (chair), Silje Augustson (board member), Rolf Magne Larsen (board member), Rob Stevens (board member), Celine Claire Laure Pithoud (employee elected board member), Rainer Bayerke (deputy for the E.ON appointed representative). Frode Sigurd Berg is currently the Chair of the nomination/election committee in Horisont Energi. He has stepped out from this role, and the work to find his replacement in the committee will start immediately. The new member of the committee will be formally appointed in the Annual General Meeting 27 May 2025.
공고 • Dec 19+ 4 more updatesHorisont Energi AS to Report First Half, 2025 Results on Aug 28, 2025Horisont Energi AS announced that they will report first half, 2025 results on Aug 28, 2025
New Risk • Aug 01New 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 Less than 1 year of cash runway based on free cash flow trend (-kr179m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 47% per year over the past 5 years. Revenue is less than US$1m (kr5.4m revenue, or US$494k). Market cap is less than US$10m (kr93.5m market cap, or US$8.59m).
공고 • May 30Horisont Energi AS Announces Board and Committee AppointmentsHorisont Energi AS at its Annual General Meeting held on May 29, 2024, approved election of Celine Pithoud (employee elected board member); Rainer Bayerke (personal deputy to Dr. Gabriël Clemens); and Hilde Alexandersen (employee elected personal deputy to Celine Pithoud). The nomination committee shall consist of: Frode Berg (chair); Tor Mørne and Mia Fogelfors Wredmark.
New Risk • Mar 19New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr194m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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 (-kr194m free cash flow). Earnings have declined by 58% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (kr88.6m market cap, or US$8.33m). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change).
New Risk • Jan 17New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr99.1m (US$9.43m) 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 Revenue is less than US$1m. Market cap is less than US$10m (kr99.1m market cap, or US$9.43m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr68m net loss in 2 years). Share price has been volatile over the past 3 months (9.9% average weekly change).
공고 • Dec 16+ 3 more updatesHorisont Energi AS to Report Q1, 2024 Results on May 15, 2024Horisont Energi AS announced that they will report Q1, 2024 results on May 15, 2024
New Risk • Dec 11New minor 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 8.7% 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. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (kr68m net loss in 2 years). Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (kr143.8m market cap, or US$13.1m).
공고 • Oct 13Horisont Energi AS Announces Resignation of Beatriz Malo de Molina as Board MemberHorisont Energi AS announced changes to the Board of Directors. As a result of a new professional engagement, board member Ms. Beatriz Malo de Molina in September informed the board that she could regretfully no longer retain her directorship in the Company beyond the time required to nominate a replacement.
New Risk • Oct 05New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: kr109.4m (US$9.98m) 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 Revenue is less than US$1m. Market cap is less than US$10m (kr109.4m market cap, or US$9.98m). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (kr54m net loss in 2 years).
Breakeven Date Change • Sep 10No longer forecast to breakevenThe analyst covering Horisont Energi no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of kr201.0m in 2023. New forecast suggests the company will make a loss of kr81.0m in 2025.
Price Target Changed • Mar 14Price target decreased by 81% to kr22.00Down from kr116, the current price target is provided by 1 analyst. New target price is 122% above last closing price of kr9.92. Stock is down 86% over the past year. The company is forecast to post a net loss per share of kr5.19 next year compared to a net loss per share of kr3.30 last year.
Recent Insider Transactions • Feb 03Director recently sold kr275k worth of stockOn the 1st of February, Oystein Spetalen sold around 14k shares on-market at roughly kr19.32 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
공고 • Feb 02Horisont Energi Announces Change in Board of DirectorsThe board in Horisont Energi has been informed by Mr. Øyein Stray Spetetalen that he resigns from his position as a member of the board of directors of the Company effective immediately.
공고 • Dec 22+ 4 more updatesHorisont Energi AS, Annual General Meeting, May 25, 2023Horisont Energi AS, Annual General Meeting, May 25, 2023.
Board Change • Nov 16No independent directorsThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. No independent directors (5 non-independent directors). Director Oystein Spetalen is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors.
Board Change • Apr 27No independent directorsThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. No independent directors (5 non-independent directors). Director Oystein Spetalen is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors.
Recent Insider Transactions • Jan 15Director recently sold kr400k worth of stockOn the 13th of January, Rolf Larsen sold around 4k shares on-market at roughly kr100.00 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of kr51m more than they bought in the last 12 months.
Recent Insider Transactions • Sep 16Director recently sold kr51m worth of stockOn the 13th of September, Oystein Spetalen sold around 854k shares on-market at roughly kr59.30 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.