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Norwegian (OSEAX) Renewable Energy Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies8
- 7D-0.2%
- 3M-0.5%
- 1Y-2.3%
- YTD-2.2%
Over the last 7 days, the Renewable Energy industry has remained flat, although notably Magnora gained 7.9%. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to decline by 26% per year.
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 |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | NOK 18.1b | NOK 5.0b | NOK 2.0b | 6.4x | 9.3x | 3.6x |
| Tue, 19 Nov 2024 | NOK 17.9b | NOK 5.0b | NOK 2.0b | 6.1x | 9.2x | 3.5x |
| Thu, 17 Oct 2024 | NOK 18.1b | NOK 4.8b | NOK 326.0m | 22.3x | 55.6x | 3.8x |
| Sat, 14 Sep 2024 | NOK 17.2b | NOK 4.7b | NOK 33.4m | 42.7x | 516.1x | 3.7x |
| Mon, 12 Aug 2024 | NOK 17.6b | NOK 4.4b | NOK 609.0m | 20.7x | 28.9x | 4x |
| Wed, 10 Jul 2024 | NOK 19.1b | NOK 4.4b | NOK 829.3m | 19.6x | 23x | 4.3x |
| Fri, 07 Jun 2024 | NOK 17.5b | NOK 4.4b | NOK 649.0m | 19.6x | 27x | 4x |
| Sun, 05 May 2024 | NOK 15.4b | NOK 4.3b | NOK 751.7m | 13.8x | 20.4x | 3.5x |
| Tue, 02 Apr 2024 | NOK 14.9b | NOK 4.0b | NOK 701.2m | 14.4x | 21.2x | 3.8x |
| Thu, 29 Feb 2024 | NOK 13.5b | NOK 4.0b | NOK 728.4m | 13x | 18.5x | 3.4x |
| Sat, 27 Jan 2024 | NOK 15.9b | NOK 5.5b | NOK 898.1m | 13.1x | 17.7x | 2.9x |
| Mon, 25 Dec 2023 | NOK 16.3b | NOK 4.0b | NOK 95.7m | 6.8x | 170.7x | 4.1x |
| Wed, 22 Nov 2023 | NOK 14.5b | NOK 4.0b | NOK 82.7m | 6.5x | 175x | 3.6x |
| Fri, 20 Oct 2023 | NOK 13.1b | NOK 3.7b | NOK 398.6m | 139.9x | 32.9x | 3.5x |
| Sun, 17 Sep 2023 | NOK 14.4b | NOK 3.7b | NOK 400.7m | 156.3x | 36x | 3.9x |
| Tue, 15 Aug 2023 | NOK 16.2b | NOK 3.6b | -NOK 278,333,925.00 | 13x | -58.4x | 4.6x |
| Thu, 13 Jul 2023 | NOK 16.3b | NOK 3.5b | -NOK 255,710,734.00 | 34.3x | -63.8x | 4.6x |
| Sat, 10 Jun 2023 | NOK 17.0b | NOK 3.5b | -NOK 262,942,876.00 | 16.8x | -64.8x | 4.9x |
| Mon, 08 May 2023 | NOK 15.8b | NOK 3.4b | -NOK 401,669,959.00 | 25.8x | -39.4x | 4.6x |
| Wed, 05 Apr 2023 | NOK 15.9b | NOK 3.7b | -NOK 1,455,213,740.00 | 27.9x | -10.9x | 4.3x |
| Fri, 03 Mar 2023 | NOK 15.2b | NOK 3.7b | -NOK 1,435,451,159.00 | 26.4x | -10.6x | 4.1x |
| Sun, 29 Jan 2023 | NOK 18.5b | NOK 3.6b | -NOK 985,385,473.00 | 58.3x | -18.8x | 5.1x |
| Tue, 27 Dec 2022 | NOK 17.8b | NOK 3.6b | -NOK 982,349,303.00 | 59.3x | -18.1x | 4.9x |
| Thu, 24 Nov 2022 | NOK 18.3b | NOK 3.6b | -NOK 957,686,889.00 | 65.5x | -19.2x | 5.2x |
| Sat, 22 Oct 2022 | NOK 16.2b | NOK 3.6b | -NOK 1,147,546,101.00 | n/a | -14.1x | 4.6x |
| Mon, 19 Sep 2022 | NOK 21.4b | NOK 3.6b | -NOK 1,144,857,099.00 | n/a | -18.7x | 6x |
| Wed, 17 Aug 2022 | NOK 23.2b | NOK 3.4b | -NOK 1,111,388,373.00 | 16.6x | -20.8x | 6.8x |
| Fri, 15 Jul 2022 | NOK 20.4b | NOK 3.5b | -NOK 924,109,122.00 | 15.1x | -22.1x | 5.9x |
| Sun, 12 Jun 2022 | NOK 19.6b | NOK 3.5b | -NOK 896,422,044.00 | 16.3x | -21.8x | 5.7x |
| Tue, 10 May 2022 | NOK 20.2b | NOK 297.2m | -NOK 839,644,376.00 | 6.8x | -24x | 67.9x |
| Thu, 07 Apr 2022 | NOK 27.9b | NOK 3.3b | NOK 319.9m | 32.1x | 87.3x | 8.4x |
| Sat, 05 Mar 2022 | NOK 33.0b | NOK 3.3b | NOK 334.9m | 26.8x | 98.6x | 9.9x |
| Mon, 31 Jan 2022 | NOK 36.5b | NOK 3.1b | -NOK 331,155,799.00 | 6.5x | -110.1x | 11.7x |
| Wed, 29 Dec 2021 | NOK 49.8b | NOK 3.1b | -NOK 311,240,450.00 | 7.1x | -159.9x | 16x |
Price to Earnings Ratio
-159.9x
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 9.3x which is lower than its 3-year average PE of 47.0x.
- The 3-year average PS ratio of 5.3x is higher than the industry's current PS ratio of 3.6x.
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 18% 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 | -2.76% | |
| Utilities | -0.66% | |
| Renewable Energy | -0.23% | |
| Independent Power Producers and Energy Traders | 0% | |
| Renewable Energy | -0.23% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 47.0x.
- Analysts are expecting annual earnings decline of 25.8%, which is lower than the prior year's growth of 12.9% per year.
- Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 47.0x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Renewable Energy industry since they expect its earnings to decline by only 26% 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 13% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings decline by 26% 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 | |
|---|---|---|---|---|---|
| MGN Magnora | NOK 27.85 | 7.9% +NOK 132.4m | -11.3% | PE6.2x | |
| CLOUD Cloudberry Clean Energy | NOK 12.12 | 1.0% +NOK 34.6m | 15.6% | PS9.1x | |
| MPCES MPC Energy Solutions | NOK 9.54 | 2.6% +NOK 5.3m | -11.3% | PS1.7x | |
| NSOL Norsk Renewables | NOK 0.29 | 9.1% +NOK 5.0m | -81.8% | PS2.6x | |
| ENERG Energeia | NOK 0.63 | 5.9% +NOK 4.1m | -62.9% | PS1.1x |