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Norwegian (OSEAX) Renewable Energy Industry Analysis

UpdatedNov 05, 2025
DataAggregated Company Financials
Companies7
  • 7D-0.5%
  • 3M-3.0%
  • 1Y-2.1%
  • YTD1.6%

Last week, the Renewable Energy industry hasn't moved much but Magnora is up 7.1% in that time. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 34% annually.

Industry Valuation and Performance

Has the Norwegian Renewable Energy Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 05 Nov 2025NOK 22.0bNOK 4.4bNOK 586.0m18.5x37.6x5x
Fri, 03 Oct 2025NOK 20.4bNOK 4.5bNOK 2.2b6x9.2x4.5x
Sun, 31 Aug 2025NOK 21.5bNOK 4.6bNOK 2.2b6.4x9.6x4.7x
Tue, 29 Jul 2025NOK 21.2bNOK 5.3bNOK 2.0b7.5x10.5x4x
Thu, 26 Jun 2025NOK 20.1bNOK 5.4bNOK 2.3b6.5x8.6x3.7x
Sat, 24 May 2025NOK 19.4bNOK 5.3bNOK 2.3b6.2x8.3x3.6x
Mon, 21 Apr 2025NOK 17.4bNOK 5.0bNOK 1.5b9.1x11.3x3.5x
Wed, 19 Mar 2025NOK 17.7bNOK 5.0bNOK 1.5b9.8x11.5x3.6x
Fri, 14 Feb 2025NOK 17.6bNOK 5.0bNOK 1.4b7.5x12.3x3.5x
Sun, 12 Jan 2025NOK 18.0bNOK 5.0bNOK 2.0b6.2x9.2x3.6x
Tue, 10 Dec 2024NOK 18.3bNOK 5.0bNOK 2.0b6.2x9.4x3.6x
Thu, 07 Nov 2024NOK 18.2bNOK 5.1bNOK 1.9b5.9x9.4x3.6x
Sat, 05 Oct 2024NOK 16.9bNOK 4.7bNOK 33.9m41.5x500.5x3.6x
Mon, 02 Sep 2024NOK 17.1bNOK 4.7bNOK 34.6m42.1x496x3.7x
Wed, 31 Jul 2024NOK 18.0bNOK 4.4bNOK 646.6m20.9x27.8x4.1x
Fri, 28 Jun 2024NOK 17.7bNOK 4.4bNOK 650.2m20.5x27.3x4x
Sun, 26 May 2024NOK 15.5bNOK 4.3bNOK 746.2m14x20.8x3.6x
Tue, 23 Apr 2024NOK 13.8bNOK 4.0bNOK 683.0m13.2x20.2x3.5x
Thu, 21 Mar 2024NOK 14.5bNOK 3.9bNOK 721.8m13.8x20.1x3.7x
Sat, 17 Feb 2024NOK 14.8bNOK 4.2bNOK 729.4m14.1x20.3x3.5x
Mon, 15 Jan 2024NOK 15.7bNOK 4.0bNOK 95.1m7x165.4x3.9x
Wed, 13 Dec 2023NOK 15.2bNOK 4.0bNOK 88.2m6.3x172.6x3.8x
Fri, 10 Nov 2023NOK 13.7bNOK 4.0bNOK 89.1m6.7x153.9x3.4x
Sun, 08 Oct 2023NOK 11.9bNOK 3.7bNOK 399.7m122.7x29.8x3.2x
Tue, 05 Sep 2023NOK 14.6bNOK 3.7bNOK 401.6m160.5x36.5x3.9x
Thu, 03 Aug 2023NOK 17.3bNOK 3.6b-NOK 276,855,920.0014.4x-62.5x4.9x
Sat, 01 Jul 2023NOK 15.6bNOK 3.5b-NOK 263,735,759.0015.8x-59.1x4.5x
Mon, 29 May 2023NOK 15.9bNOK 3.5b-NOK 273,654,892.0015.8x-58.3x4.6x
Wed, 26 Apr 2023NOK 14.5bNOK 3.3b-NOK 1,372,630,333.0025.4x-10.6x4.4x
Fri, 24 Mar 2023NOK 14.4bNOK 3.7b-NOK 1,435,008,565.0026x-10x3.9x
Sun, 19 Feb 2023NOK 16.2bNOK 3.7b-NOK 1,433,872,621.0028.1x-11.3x4.4x
Tue, 17 Jan 2023NOK 18.8bNOK 3.6b-NOK 985,194,332.0058.1x-19.1x5.2x
Thu, 15 Dec 2022NOK 19.6bNOK 3.6b-NOK 980,756,779.0066x-20x5.4x
Sat, 12 Nov 2022NOK 19.6bNOK 3.6b-NOK 964,358,957.0066.9x-20.3x5.5x
Price to Earnings Ratio

-20.3x


Total Market Cap: NOK 19.6bTotal Earnings: -NOK 964,358,957.00Total Revenue: NOK 3.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Renewable Energy Industry Price to Earnings3Y Average 51.1x202320242025
Current Industry PE
  • Investors are pessimistic on the Norwegian Renewable Energy industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 38.3x which is lower than its 3-year average PE of 51.0x.
  • The 3-year average PS ratio of 4.0x is lower than the industry's current PS ratio of 5.1x.
Past Earnings Growth
  • Total earnings for the Renewable Energy industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 7.1% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the Norwegian Utilities industry?

NO Market-1.63%
Utilities-0.94%
Renewable Energy-0.53%
Independent Power Producers and Energy Traders0%0
Renewable Energy-0.53%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 51.0x.
    • Analysts are expecting annual earnings growth of 34.1%, which is higher than its past year's earnings decline of 53.0% per year.
  • Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 51.0x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 34% over the next 5 years.
  • This is better than its past earnings decline of 53% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 34% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MGN MagnoraNOK 19.961.6%
+NOK 20.5m		-11.5%PS24.7x
MPCES MPC Energy SolutionsNOK 9.346.9%
+NOK 13.4m		-18.1%PS1.8x

Latest News

SCATC
NOK 103.40
Scatec
7D
-0.4%
1Y
24.6%
EAM
NOK 1.07
EAM Solar
7D
-6.9%
1Y
-96.4%
MGN
NOK 19.96
Magnora
7D
1.6%
1Y
-11.5%
NOFIN
NOK 1.91
Nordic Financials
7D
-3.1%
1Y
-97.9%
ENERG
NOK 0.03
Energeia
7D
-11.8%
1Y
-96.1%
CLOUD
NOK 12.56
Cloudberry Clean Energy
7D
-1.9%
1Y
5.5%
MPCES
NOK 9.34
MPC Energy Solutions
7D
6.9%
1Y
-18.1%