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Norwegian (OSEAX) Renewable Energy Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies7
  • 7D2.8%
  • 3M17.4%
  • 1Y29.5%
  • YTD9.8%

Over the last 7 days, the Renewable Energy industry has risen 2.8%, driven by gains from Scatec of 3.1%. This takes the industry's 12 month performance to a gain of 30%. Earnings are forecast to grow by 4.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Mar 2026NOK 25.3bNOK 4.4bNOK 899.6m64.1x28.1x5.7x
Wed, 28 Jan 2026NOK 24.8bNOK 4.4bNOK 690.3m50.9x35.9x5.6x
Fri, 26 Dec 2025NOK 22.5bNOK 4.4bNOK 683.9m51.5x33x5.1x
Sun, 23 Nov 2025NOK 21.2bNOK 4.4bNOK 684.7m49.4x30.9x4.8x
Tue, 21 Oct 2025NOK 21.0bNOK 4.5bNOK 2.2b6x9.5x4.6x
Thu, 18 Sep 2025NOK 20.8bNOK 4.5bNOK 2.2b6.3x9.4x4.6x
Sat, 16 Aug 2025NOK 20.4bNOK 5.3bNOK 2.1b7.3x10x3.9x
Mon, 14 Jul 2025NOK 21.6bNOK 5.4bNOK 2.3b7.1x9.2x4x
Wed, 11 Jun 2025NOK 19.4bNOK 5.4bNOK 2.3b6.3x8.3x3.6x
Fri, 09 May 2025NOK 19.5bNOK 5.0bNOK 1.5b10.4x13.1x3.9x
Sun, 06 Apr 2025NOK 16.6bNOK 5.0bNOK 1.5b8.9x10.8x3.3x
Tue, 04 Mar 2025NOK 17.7bNOK 5.0bNOK 1.5b9.6x11.4x3.6x
Thu, 30 Jan 2025NOK 18.0bNOK 5.0bNOK 2.0b6.2x9.2x3.6x
Sat, 28 Dec 2024NOK 18.3bNOK 5.0bNOK 2.0b6.4x9.4x3.6x
Mon, 25 Nov 2024NOK 17.9bNOK 5.0bNOK 2.0b6.1x9.2x3.5x
Wed, 23 Oct 2024NOK 18.6bNOK 4.7bNOK 319.3m23.1x58.2x4x
Fri, 20 Sep 2024NOK 16.9bNOK 4.7bNOK 35.5m42.4x475.4x3.6x
Sun, 18 Aug 2024NOK 17.4bNOK 4.8bNOK 253.5m42.4x68.8x3.6x
Tue, 16 Jul 2024NOK 19.6bNOK 4.4bNOK 826.8m19.8x23.8x4.4x
Thu, 13 Jun 2024NOK 16.8bNOK 4.4bNOK 649.7m18.9x25.9x3.8x
Sat, 11 May 2024NOK 15.9bNOK 4.4bNOK 751.9m14.2x21.1x3.6x
Mon, 08 Apr 2024NOK 15.0bNOK 4.0bNOK 685.7m14.3x21.8x3.8x
Wed, 06 Mar 2024NOK 14.1bNOK 4.0bNOK 723.2m13.5x19.5x3.6x
Fri, 02 Feb 2024NOK 16.1bNOK 4.2bNOK 897.8m13.2x17.9x3.9x
Sun, 31 Dec 2023NOK 17.1bNOK 4.0bNOK 96.2m7.5x177.9x4.3x
Tue, 28 Nov 2023NOK 14.6bNOK 4.0bNOK 82.7m6.6x176.9x3.6x
Thu, 26 Oct 2023NOK 12.6bNOK 3.7bNOK 397.2m133.2x31.8x3.4x
Sat, 23 Sep 2023NOK 14.1bNOK 3.7bNOK 401.2m153.8x35.2x3.8x
Mon, 21 Aug 2023NOK 15.9bNOK 3.6bNOK 9.9m5.6x1595.5x4.4x
Wed, 19 Jul 2023NOK 16.6bNOK 3.5b-NOK 255,479,338.0034.5x-64.9x4.7x
Fri, 16 Jun 2023NOK 15.8bNOK 3.5b-NOK 261,956,141.0015.7x-60.2x4.5x
Sun, 14 May 2023NOK 15.7bNOK 3.5b-NOK 285,115,315.0013.8x-55x4.5x
Tue, 11 Apr 2023NOK 15.8bNOK 3.7b-NOK 1,458,099,015.0027.2x-10.8x4.2x
Thu, 09 Mar 2023NOK 14.7bNOK 3.7b-NOK 1,435,696,139.0026.9x-10.2x4x
Price to Earnings Ratio

-10.2x


Total Market Cap: NOK 14.7bTotal Earnings: -NOK 1,435,696,139.00Total Revenue: NOK 3.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Renewable Energy Industry Price to Earnings3Y Average 56.3x202420252026
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 28.1x which is lower than its 3-year average PE of 56.3x.
  • The 3-year average PS ratio of 4.0x is lower than the industry's current PS ratio of 5.7x.
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 6.3% 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 Market0.60%
Utilities2.78%
Renewable Energy2.76%
Renewable Energy2.76%
Independent Power Producers and Energy Traders0%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 56.3x.
    • Analysts are expecting annual earnings growth of 4.0%, which is higher than its past year's earnings decline of 36.5% per year.
  • Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 56.3x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 4.0% over the next 5 years.
  • This is better than its past earnings decline of 36% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 4.0% 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
SCATC ScatecNOK 122.602.1%
+NOK 399.8m		55.6%PE18.8x
CLOUD Cloudberry Clean EnergyNOK 12.302.5%
+NOK 95.4m		4.1%PE64.1x
MGN MagnoraNOK 21.251.4%
+NOK 19.2m		-3.8%PE67.6x
NOFIN Nordic FinancialsNOK 1.700.6%
+NOK 193.0k		-95.4%PB1.1x

Latest News

MGN
NOK 21.25
Magnora
7D
1.4%
1Y
-3.8%
SCATC
NOK 122.60
Scatec
7D
2.1%
1Y
55.6%
CLOUD
NOK 12.30
Cloudberry Clean Energy
7D
2.5%
1Y
4.1%
EAM
NOK 1.34
EAM Solar
7D
-1.5%
1Y
-85.4%
NOFIN
NOK 1.70
Nordic Financials
7D
0.6%
1Y
-95.4%
ENERG
NOK 7.52
Energeia
7D
-2.3%
1Y
-69.9%
MPCES
NOK 13.30
MPC Energy Solutions
7D
-0.7%
1Y
35.7%