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Norwegian (OSEAX) Renewable Energy Industry Analysis

UpdatedFeb 10, 2026
DataAggregated Company Financials
Companies7
  • 7D0.7%
  • 3M8.8%
  • 1Y12.9%
  • YTD4.8%

In the last week, Renewable Energy has been flat. The past year has been better, since the industry has gained 12% in that time. Earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Feb 2026NOK 24.0bNOK 4.3bNOK 853.7m47.9x28.2x5.6x
Thu, 08 Jan 2026NOK 22.6bNOK 4.4bNOK 682.7m50.3x33.1x5.1x
Sat, 06 Dec 2025NOK 21.9bNOK 4.4bNOK 686.3m49.9x31.9x5x
Mon, 03 Nov 2025NOK 22.8bNOK 4.4bNOK 587.0m19.1x38.8x5.2x
Wed, 01 Oct 2025NOK 20.3bNOK 4.5bNOK 2.2b6x9.1x4.5x
Fri, 29 Aug 2025NOK 21.7bNOK 4.6bNOK 2.2b6.4x9.7x4.8x
Sun, 27 Jul 2025NOK 21.4bNOK 5.3bNOK 2.0b7.6x10.6x4x
Tue, 24 Jun 2025NOK 19.7bNOK 5.4bNOK 2.3b6.4x8.4x3.7x
Thu, 22 May 2025NOK 19.5bNOK 5.4bNOK 2.3b6.3x8.4x3.6x
Sat, 19 Apr 2025NOK 17.4bNOK 5.0bNOK 1.5b9.1x11.3x3.5x
Mon, 17 Mar 2025NOK 17.5bNOK 5.0bNOK 1.5b9.6x11.4x3.5x
Wed, 12 Feb 2025NOK 17.8bNOK 5.0bNOK 1.4b7.6x12.4x3.5x
Fri, 10 Jan 2025NOK 18.3bNOK 5.0bNOK 2.0b6.3x9.4x3.6x
Sun, 08 Dec 2024NOK 18.2bNOK 5.0bNOK 2.0b6.1x9.3x3.6x
Tue, 05 Nov 2024NOK 19.2bNOK 5.0bNOK 1.9b6.2x9.9x3.8x
Thu, 03 Oct 2024NOK 17.1bNOK 4.7bNOK 34.1m42.3x503.1x3.7x
Sat, 31 Aug 2024NOK 17.1bNOK 4.7bNOK 27.1m42.1x632.7x3.7x
Mon, 29 Jul 2024NOK 18.0bNOK 4.4bNOK 645.8m20.9x27.9x4.1x
Wed, 26 Jun 2024NOK 18.0bNOK 4.4bNOK 650.8m20.6x27.7x4.1x
Fri, 24 May 2024NOK 15.7bNOK 4.3bNOK 748.1m14.1x21x3.6x
Sun, 21 Apr 2024NOK 13.8bNOK 4.0bNOK 683.0m13.2x20.2x3.5x
Tue, 19 Mar 2024NOK 13.8bNOK 3.9bNOK 721.1m13.3x19.1x3.5x
Thu, 15 Feb 2024NOK 14.6bNOK 4.2bNOK 896.8m12.1x16.3x3.5x
Sat, 13 Jan 2024NOK 15.7bNOK 4.0bNOK 95.1m7x165.4x3.9x
Mon, 11 Dec 2023NOK 16.0bNOK 4.0bNOK 89.1m6.5x179.8x4x
Wed, 08 Nov 2023NOK 13.9bNOK 4.0bNOK 88.5m6.7x157.1x3.4x
Fri, 06 Oct 2023NOK 13.0bNOK 3.7bNOK 399.4m129.9x32.5x3.5x
Sun, 03 Sep 2023NOK 14.8bNOK 3.7bNOK 401.4m161.5x36.9x4x
Tue, 01 Aug 2023NOK 17.6bNOK 3.5b-NOK 264,946,351.0014.6x-66.4x5x
Thu, 29 Jun 2023NOK 15.2bNOK 3.5b-NOK 264,105,249.0016.1x-57.7x4.4x
Sat, 27 May 2023NOK 15.9bNOK 3.5b-NOK 273,721,020.0015.8x-58.2x4.6x
Mon, 24 Apr 2023NOK 14.9bNOK 3.3b-NOK 1,371,650,305.0025.7x-10.9x4.5x
Wed, 22 Mar 2023NOK 14.3bNOK 3.7b-NOK 1,436,577,428.0025.5x-10x3.9x
Fri, 17 Feb 2023NOK 16.1bNOK 3.6b-NOK 1,494,132,118.0056.9x-10.8x4.4x
Price to Earnings Ratio

-10.8x


Total Market Cap: NOK 16.1bTotal Earnings: -NOK 1,494,132,118.00Total Revenue: NOK 3.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Renewable Energy Industry Price to Earnings3Y Average 55.6x202420252026
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 27.9x which is lower than its 3-year average PE of 55.5x.
  • The 3-year average PS ratio of 4.0x is lower than the industry's current PS ratio of 5.5x.
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 5.7% 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 Market3.32%
Utilities0.90%
Renewable Energy0.72%
Renewable Energy0.72%
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 55.5x.
    • Analysts are expecting annual earnings growth of 16.9%, which is higher than its past year's earnings decline of 20.2% per year.
  • Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 55.5x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings decline of 20% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 17% 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 116.000.3%
+NOK 47.7m		48.7%PE17.6x
MPCES MPC Energy SolutionsNOK 13.801.8%
+NOK 5.6m		46.8%PS2.9x
ENERG EnergeiaNOK 7.500.4%
+NOK 297.6k		-96.6%PS1.1x

Latest News

SCATC
NOK 116.00
Scatec
7D
0.3%
1Y
48.7%

SCATC: Long-Term African PPAs And Lower Risk Assumptions Will Support Future Cash Flows

Analysts now place Scatec's fair value at €130.13, up from €123.25, citing a lower assumed discount rate and a reduced future P/E multiple as the key drivers of the revised price target. What's in the News Scatec issued new production guidance for full year 2026, estimating proportionate power production of 5.2 to 5.6 TWh (Corporate guidance).
EAM
NOK 2.24
EAM Solar
7D
-2.3%
1Y
-9.4%
CLOUD
NOK 12.04
Cloudberry Clean Energy
7D
-1.5%
1Y
2.0%
NOFIN
NOK 1.73
Nordic Financials
7D
-0.06%
1Y
-97.1%
MGN
NOK 20.70
Magnora
7D
-2.1%
1Y
-19.6%
ENERG
NOK 7.50
Energeia
7D
0.4%
1Y
-96.6%
MPCES
NOK 13.80
MPC Energy Solutions
7D
1.8%
1Y
46.8%