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Norwegian (OSEAX) Renewable Energy Industry Analysis
UpdatedAug 29, 2025
DataAggregated Company Financials
Companies6
- 7D3.2%
- 3M16.6%
- 1Y17.5%
- YTD17.7%
In the last week, the Renewable Energy industry is flat overall, with MPC Energy Solutions standing out by going down 3.5%. As for the the longer term, the industry is up 16% over the past 12 months. In the next few years, earnings are forecast to decline by 4.2% annually.
Industry Valuation and Performance
Has the Norwegian Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 29 Aug 2025 | NOK 21.7b | NOK 4.6b | NOK 2.2b | 6.4x | 9.7x | 4.8x |
| Sun, 27 Jul 2025 | NOK 21.4b | NOK 5.3b | NOK 2.0b | 7.6x | 10.6x | 4x |
| Tue, 24 Jun 2025 | NOK 19.7b | NOK 5.4b | NOK 2.3b | 6.4x | 8.4x | 3.7x |
| Thu, 22 May 2025 | NOK 19.5b | NOK 5.4b | NOK 2.3b | 6.3x | 8.4x | 3.6x |
| Sat, 19 Apr 2025 | NOK 17.4b | NOK 5.0b | NOK 1.5b | 9.1x | 11.3x | 3.5x |
| Mon, 17 Mar 2025 | NOK 17.5b | NOK 5.0b | NOK 1.5b | 9.6x | 11.4x | 3.5x |
| Wed, 12 Feb 2025 | NOK 17.8b | NOK 5.0b | NOK 1.4b | 7.6x | 12.4x | 3.5x |
| Fri, 10 Jan 2025 | NOK 18.3b | NOK 5.0b | NOK 2.0b | 6.3x | 9.4x | 3.6x |
| Sun, 08 Dec 2024 | NOK 18.2b | NOK 5.0b | NOK 2.0b | 6.1x | 9.3x | 3.6x |
| Tue, 05 Nov 2024 | NOK 19.2b | NOK 5.0b | NOK 1.9b | 6.2x | 9.9x | 3.8x |
| Thu, 03 Oct 2024 | NOK 17.1b | NOK 4.7b | NOK 34.1m | 42.3x | 503.1x | 3.7x |
| Sat, 31 Aug 2024 | NOK 17.1b | NOK 4.7b | NOK 27.1m | 42.1x | 632.7x | 3.7x |
| Mon, 29 Jul 2024 | NOK 18.0b | NOK 4.4b | NOK 645.8m | 20.9x | 27.9x | 4.1x |
| Wed, 26 Jun 2024 | NOK 18.0b | NOK 4.4b | NOK 650.8m | 20.6x | 27.7x | 4.1x |
| Fri, 24 May 2024 | NOK 15.7b | NOK 4.3b | NOK 748.1m | 14.1x | 21x | 3.6x |
| Sun, 21 Apr 2024 | NOK 13.8b | NOK 4.0b | NOK 683.0m | 13.2x | 20.2x | 3.5x |
| Tue, 19 Mar 2024 | NOK 13.8b | NOK 3.9b | NOK 721.1m | 13.3x | 19.1x | 3.5x |
| Thu, 15 Feb 2024 | NOK 14.6b | NOK 4.2b | NOK 896.8m | 12.1x | 16.3x | 3.5x |
| Sat, 13 Jan 2024 | NOK 15.7b | NOK 4.0b | NOK 95.1m | 7x | 165.4x | 3.9x |
| Mon, 11 Dec 2023 | NOK 16.0b | NOK 4.0b | NOK 89.1m | 6.5x | 179.8x | 4x |
| Wed, 08 Nov 2023 | NOK 13.9b | NOK 4.0b | NOK 88.5m | 6.7x | 157.1x | 3.4x |
| Fri, 06 Oct 2023 | NOK 13.0b | NOK 3.7b | NOK 399.4m | 129.9x | 32.5x | 3.5x |
| Sun, 03 Sep 2023 | NOK 14.8b | NOK 3.7b | NOK 401.4m | 161.5x | 36.9x | 4x |
| Tue, 01 Aug 2023 | NOK 17.6b | NOK 3.5b | -NOK 264,946,351.00 | 14.6x | -66.4x | 5x |
| Thu, 29 Jun 2023 | NOK 15.2b | NOK 3.5b | -NOK 264,105,249.00 | 16.1x | -57.7x | 4.4x |
| Sat, 27 May 2023 | NOK 15.9b | NOK 3.5b | -NOK 273,721,020.00 | 15.8x | -58.2x | 4.6x |
| Mon, 24 Apr 2023 | NOK 14.9b | NOK 3.3b | -NOK 1,371,650,305.00 | 25.7x | -10.9x | 4.5x |
| Wed, 22 Mar 2023 | NOK 14.3b | NOK 3.7b | -NOK 1,436,577,428.00 | 25.5x | -10x | 3.9x |
| Fri, 17 Feb 2023 | NOK 16.1b | NOK 3.6b | -NOK 1,494,132,118.00 | 56.9x | -10.8x | 4.4x |
| Sun, 15 Jan 2023 | NOK 18.6b | NOK 3.6b | -NOK 984,557,826.00 | 58.3x | -18.9x | 5.1x |
| Tue, 13 Dec 2022 | NOK 18.7b | NOK 3.6b | -NOK 983,192,976.00 | 66.1x | -19x | 5.2x |
| Thu, 10 Nov 2022 | NOK 19.9b | NOK 3.6b | -NOK 965,575,299.00 | 67.2x | -20.6x | 5.6x |
| Sat, 08 Oct 2022 | NOK 16.8b | NOK 3.6b | -NOK 1,148,249,452.00 | n/a | -14.6x | 4.7x |
| Mon, 05 Sep 2022 | NOK 21.8b | NOK 3.5b | -NOK 1,122,327,828.00 | n/a | -19.5x | 6.2x |
Price to Earnings Ratio
-19.5x
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 9.6x which is lower than its 3-year average PE of 49.3x.
- The 3-year average PS ratio of 4.1x is lower than the industry's current PS ratio of 4.7x.
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 8.7% 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 | -0.88% | |
| Utilities | 2.38% | |
| Renewable Energy | 3.16% | |
| Renewable Energy | 3.16% | |
| Independent Power Producers and Energy Traders | 0% | 0 |
Industry PE
- Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 49.3x.
- Analysts are expecting annual earnings decline of 4.2%, which is lower than the prior year's growth of 733.8% per year.
- Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 49.3x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Renewable Energy industry since they expect its earnings to decline by only 4.2% per year over the next 5 years, which isn't as bad as the other industries.
- This is a reversal from its past annual earnings growth rate of 734% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings decline by 4.2% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SCATC Scatec | NOK 107.20 | 4.2% +NOK 683.3m | 35.6% | PE6.8x | |
| CLOUD Cloudberry Clean Energy | NOK 13.68 | 1.3% +NOK 57.1m | 4.7% | PS11.3x | |
| EAM EAM Solar | NOK 1.45 | 8.0% +NOK 824.6k | -95.5% | PS0.6x |