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Norwegian (OSEAX) Renewable Energy Industry Analysis

UpdatedSep 16, 2025
DataAggregated Company Financials
Companies7
  • 7D-0.9%
  • 3M13.7%
  • 1Y5.1%
  • YTD7.9%

The Renewable Energy industry has stayed flat over the last week. The past year has been better, since the industry has gained 4.0% in that time. As for the next few years, earnings are forecast to decline by 4.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Sep 2025NOK 21.1bNOK 4.5bNOK 2.2b6.3x9.5x4.6x
Thu, 14 Aug 2025NOK 20.3bNOK 5.3bNOK 2.1b7.2x9.9x3.8x
Sat, 12 Jul 2025NOK 21.7bNOK 5.4bNOK 2.3b7.2x9.3x4x
Mon, 09 Jun 2025NOK 19.3bNOK 5.4bNOK 2.3b6.2x8.2x3.6x
Wed, 07 May 2025NOK 18.6bNOK 5.0bNOK 1.5b9.8x12.5x3.7x
Fri, 04 Apr 2025NOK 17.5bNOK 4.9bNOK 1.5b9.6x11.4x3.5x
Sun, 02 Mar 2025NOK 18.0bNOK 5.0bNOK 1.5b9.8x11.7x3.6x
Tue, 28 Jan 2025NOK 17.4bNOK 5.0bNOK 2.0b6.1x8.9x3.4x
Thu, 26 Dec 2024NOK 18.3bNOK 5.0bNOK 2.0b6.4x9.4x3.6x
Sat, 23 Nov 2024NOK 17.9bNOK 5.0bNOK 2.0b6.1x9.2x3.5x
Mon, 21 Oct 2024NOK 18.3bNOK 4.7bNOK 318.9m22.8x57.3x3.9x
Wed, 18 Sep 2024NOK 17.5bNOK 4.7bNOK 34.0m43.2x514.1x3.8x
Fri, 16 Aug 2024NOK 17.9bNOK 4.4bNOK 609.7m20.9x29.4x4.1x
Sun, 14 Jul 2024NOK 19.8bNOK 4.4bNOK 827.7m20.2x24x4.5x
Tue, 11 Jun 2024NOK 17.2bNOK 4.4bNOK 649.2m19x26.4x3.9x
Thu, 09 May 2024NOK 15.9bNOK 4.4bNOK 645.3m17.2x24.6x3.6x
Sat, 06 Apr 2024NOK 14.9bNOK 4.0bNOK 685.7m14.3x21.8x3.8x
Mon, 04 Mar 2024NOK 14.1bNOK 4.0bNOK 723.9m13.7x19.5x3.6x
Wed, 31 Jan 2024NOK 15.6bNOK 4.2bNOK 897.9m12.8x17.3x3.7x
Fri, 29 Dec 2023NOK 17.1bNOK 4.0bNOK 96.0m7.6x178.5x4.3x
Sun, 26 Nov 2023NOK 14.5bNOK 4.0bNOK 82.3m6.5x175.5x3.6x
Tue, 24 Oct 2023NOK 12.3bNOK 3.7bNOK 397.9m129.5x31x3.3x
Thu, 21 Sep 2023NOK 14.5bNOK 3.7bNOK 401.2m158.6x36.2x3.9x
Sat, 19 Aug 2023NOK 15.9bNOK 3.8bNOK 10.0m5.6x1579.7x4.1x
Mon, 17 Jul 2023NOK 16.8bNOK 3.5b-NOK 255,491,194.0034.5x-65.6x4.7x
Wed, 14 Jun 2023NOK 15.9bNOK 3.5b-NOK 262,188,663.0016.3x-60.8x4.6x
Fri, 12 May 2023NOK 15.5bNOK 3.4b-NOK 402,147,082.0027.7x-38.5x4.5x
Sun, 09 Apr 2023NOK 15.8bNOK 3.7b-NOK 1,458,099,015.0027.2x-10.8x4.2x
Tue, 07 Mar 2023NOK 15.2bNOK 3.7b-NOK 1,433,291,545.0027.1x-10.6x4.1x
Thu, 02 Feb 2023NOK 18.0bNOK 3.6b-NOK 987,848,036.0056.5x-18.2x4.9x
Sat, 31 Dec 2022NOK 17.7bNOK 3.6b-NOK 982,097,293.0060.2x-18x4.9x
Mon, 28 Nov 2022NOK 18.4bNOK 3.6b-NOK 970,610,028.0066.5x-19x5.1x
Wed, 26 Oct 2022NOK 15.8bNOK 3.6b-NOK 1,146,534,289.00n/a-13.8x4.5x
Fri, 23 Sep 2022NOK 19.9bNOK 3.6b-NOK 1,145,448,561.00n/a-17.4x5.6x
Price to Earnings Ratio

-17.4x


Total Market Cap: NOK 19.9bTotal Earnings: -NOK 1,145,448,561.00Total Revenue: NOK 3.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Renewable Energy Industry Price to Earnings3Y Average 49.8x202320242025
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 9.5x which is lower than its 3-year average PE of 49.8x.
  • The 3-year average PS ratio of 4.1x is lower than the industry's current PS ratio of 4.6x.
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 8.5% 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 Market1.81%
Utilities-0.50%
Renewable Energy-0.94%
Independent Power Producers and Energy Traders0%0
Renewable Energy-0.94%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 49.8x.
    • Analysts are expecting annual earnings decline of 4.3%, 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 49.8x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Renewable Energy industry since they expect its earnings to decline by only 4.3% 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 4.3% 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 22.651.6%
+NOK 22.4m		-6.2%PE6x
CLOUD Cloudberry Clean EnergyNOK 13.800.3%
+NOK 12.7m		13.1%PS11.4x
NOFIN Nordic FinancialsNOK 0.0120.8%
+NOK 339.3k		-96.9%PB6.5x

Latest News

EAM
NOK 1.62
EAM Solar
7D
-49.4%
1Y
-91.7%
CLOUD
NOK 13.80
Cloudberry Clean Energy
7D
0.3%
1Y
13.1%
ENERG
NOK 0.06
Energeia
7D
-21.1%
1Y
-92.5%
SCATC
NOK 103.20
Scatec
7D
-1.2%
1Y
23.1%
MPCES
NOK 8.92
MPC Energy Solutions
7D
-6.1%
1Y
-28.1%
MGN
NOK 22.65
Magnora
7D
1.6%
1Y
-6.2%
NOFIN
NOK 0.012
Nordic Financials
7D
0.8%
1Y
-96.9%