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Norwegian (OSEAX) Renewable Energy Industry Analysis
UpdatedDec 13, 2025
DataAggregated Company Financials
Companies7
- 7D-0.1%
- 3M-3.3%
- 1Y10.6%
- YTD0.6%
Last week, the Renewable Energy industry hasn't moved much but Nordic Financials is up 5.3% in that time. The past year has been better, since the industry has gained 11% in that time. As for the next few years, earnings are expected to grow by 27% per annum.
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, 14 Dec 2025 | NOK 21.8b | NOK 4.4b | NOK 681.7m | 49.9x | 32x | 4.9x |
| Tue, 11 Nov 2025 | NOK 22.1b | NOK 4.3b | NOK 686.5m | 50x | 32.2x | 5.1x |
| Thu, 09 Oct 2025 | NOK 21.0b | NOK 4.5b | NOK 2.2b | 6.2x | 9.5x | 4.6x |
| Sat, 06 Sep 2025 | NOK 21.3b | NOK 4.6b | NOK 2.2b | 6.2x | 9.5x | 4.7x |
| Mon, 04 Aug 2025 | NOK 20.9b | NOK 5.3b | NOK 2.1b | 7.4x | 10.2x | 3.9x |
| Wed, 02 Jul 2025 | NOK 21.2b | NOK 5.4b | NOK 2.3b | 6.8x | 9x | 4x |
| Fri, 30 May 2025 | NOK 19.6b | NOK 5.4b | NOK 2.3b | 6.3x | 8.4x | 3.7x |
| Sun, 27 Apr 2025 | NOK 18.3b | NOK 5.0b | NOK 1.5b | 9.6x | 12.2x | 3.6x |
| Tue, 25 Mar 2025 | NOK 17.6b | NOK 5.0b | NOK 1.5b | 9.6x | 11.4x | 3.6x |
| Thu, 20 Feb 2025 | NOK 17.5b | NOK 5.0b | NOK 1.6b | 9.3x | 11.2x | 3.5x |
| Sat, 18 Jan 2025 | NOK 17.9b | NOK 5.0b | NOK 2.0b | 6.2x | 9.2x | 3.5x |
| Mon, 16 Dec 2024 | NOK 18.1b | NOK 5.0b | NOK 2.0b | 6.2x | 9.3x | 3.6x |
| Wed, 13 Nov 2024 | NOK 18.1b | NOK 5.2b | NOK 1.9b | 6.1x | 9.3x | 3.5x |
| Fri, 11 Oct 2024 | NOK 16.9b | NOK 4.7b | NOK 32.8m | 42.2x | 513.8x | 3.6x |
| Sun, 08 Sep 2024 | NOK 16.4b | NOK 4.7b | NOK 32.5m | 40.4x | 503.5x | 3.5x |
| Tue, 06 Aug 2024 | NOK 16.6b | NOK 4.4b | NOK 605.5m | 19.3x | 27.4x | 3.7x |
| Thu, 04 Jul 2024 | NOK 19.1b | NOK 4.4b | NOK 830.1m | 19.5x | 23x | 4.3x |
| Sat, 01 Jun 2024 | NOK 17.5b | NOK 4.3b | NOK 747.1m | 15.8x | 23.4x | 4x |
| Mon, 29 Apr 2024 | NOK 15.0b | NOK 4.0b | NOK 685.7m | 14.1x | 21.9x | 3.8x |
| Wed, 27 Mar 2024 | NOK 14.8b | NOK 3.9b | NOK 717.2m | 14.3x | 20.7x | 3.8x |
| Fri, 23 Feb 2024 | NOK 14.2b | NOK 4.0b | NOK 729.2m | 13.6x | 19.5x | 3.6x |
| Sun, 21 Jan 2024 | NOK 14.2b | NOK 4.0b | NOK 93.2m | 6.5x | 152.2x | 3.5x |
| Tue, 19 Dec 2023 | NOK 16.2b | NOK 4.0b | NOK 94.0m | 6.7x | 172.1x | 4x |
| Thu, 16 Nov 2023 | NOK 14.1b | NOK 4.0b | NOK 81.6m | 6.7x | 173.4x | 3.5x |
| Sat, 14 Oct 2023 | NOK 12.4b | NOK 3.7b | NOK 399.6m | 130.1x | 31.1x | 3.3x |
| Mon, 11 Sep 2023 | NOK 14.4b | NOK 3.7b | NOK 401.5m | 156.5x | 35.9x | 3.9x |
| Wed, 09 Aug 2023 | NOK 16.4b | NOK 3.6b | -NOK 277,031,316.00 | 13x | -59.1x | 4.6x |
| Fri, 07 Jul 2023 | NOK 15.0b | NOK 3.5b | -NOK 263,925,259.00 | 14.6x | -56.8x | 4.3x |
| Sun, 04 Jun 2023 | NOK 16.2b | NOK 3.5b | -NOK 264,808,313.00 | 15.1x | -61.3x | 4.7x |
| Tue, 02 May 2023 | NOK 14.9b | NOK 3.3b | -NOK 1,372,496,054.00 | 26x | -10.9x | 4.5x |
| Thu, 30 Mar 2023 | NOK 14.2b | NOK 3.7b | -NOK 1,438,809,785.00 | 27.5x | -9.9x | 3.8x |
| Sat, 25 Feb 2023 | NOK 15.6b | NOK 3.7b | -NOK 1,433,821,487.00 | 26.2x | -10.9x | 4.2x |
| Mon, 23 Jan 2023 | NOK 18.1b | NOK 3.6b | -NOK 985,007,158.00 | 58.3x | -18.3x | 5x |
| Wed, 21 Dec 2022 | NOK 17.7b | NOK 3.6b | -NOK 982,818,365.00 | 60.8x | -18x | 4.9x |
Price to Earnings Ratio
-18x
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 32.0x which is lower than its 3-year average PE of 52.8x.
- The 3-year average PS ratio of 4.0x is lower than the industry's current PS ratio of 4.9x.
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 6.9% 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 | 0.31% | |
| Utilities | 0.32% | |
| Renewable Energy | -0.14% | |
| Independent Power Producers and Energy Traders | 0% | 0 |
| Renewable Energy | -0.14% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 52.8x.
- Analysts are expecting annual earnings growth of 27.0%, which is higher than its past year's earnings decline of 53.0% per year.
- Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 52.8x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 27% over the next 5 years.
- This is better than its past earnings decline of 53% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings grow by 27% 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 | |
|---|---|---|---|---|---|
| NOFIN Nordic Financials | NOK 1.88 | 5.3% +NOK 1.9m | -98.7% | PB1.2x | |
| EAM EAM Solar | NOK 0.89 | 6.0% +NOK 1.0m | -70.8% | PS1.1x |