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Norwegian (OSEAX) Renewable Energy Industry Analysis

UpdatedFeb 01, 2025
DataAggregated Company Financials
Companies8
  • 7D4.4%
  • 3M-2.8%
  • 1Y2.6%
  • YTD-2.8%

The Renewable Energy industry is up 4.7% in the last week, with Scatec up 5.0%. Meanwhile, MPC Energy Solutions actually underperformed within the industry, shrinking 5.3% in the last week. Overall in the last year, the industry is flat. Looking forward, earnings are forecast to decline by 31% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 01 Feb 2025NOK 18.2bNOK 5.0bNOK 2.0b6.3x9.3x3.6x
Mon, 30 Dec 2024NOK 18.3bNOK 5.0bNOK 2.0b6.4x9.4x3.6x
Wed, 27 Nov 2024NOK 17.7bNOK 5.0bNOK 2.0b6.1x9.1x3.5x
Fri, 25 Oct 2024NOK 18.8bNOK 4.7bNOK 319.0m23.5x58.8x4x
Sun, 22 Sep 2024NOK 16.5bNOK 4.7bNOK 35.5m41.5x464.9x3.5x
Tue, 20 Aug 2024NOK 17.1bNOK 4.7bNOK 255.1m41.4x67.2x3.7x
Thu, 18 Jul 2024NOK 17.5bNOK 4.4bNOK 648.6m20.2x27x4x
Sat, 15 Jun 2024NOK 17.5bNOK 4.4bNOK 649.2m19.6x27x4x
Mon, 13 May 2024NOK 15.9bNOK 4.4bNOK 751.9m14.2x21.1x3.6x
Wed, 10 Apr 2024NOK 15.7bNOK 4.0bNOK 686.3m14.8x22.9x4x
Fri, 08 Mar 2024NOK 14.0bNOK 3.9bNOK 723.4m13.6x19.4x3.6x
Sun, 04 Feb 2024NOK 15.8bNOK 4.2bNOK 896.2m13x17.6x3.8x
Tue, 02 Jan 2024NOK 17.1bNOK 4.0bNOK 96.2m7.5x177.9x4.3x
Thu, 30 Nov 2023NOK 14.7bNOK 4.0bNOK 82.7m6.4x177.7x3.6x
Sat, 28 Oct 2023NOK 12.7bNOK 3.7bNOK 397.3m133.9x31.9x3.4x
Mon, 25 Sep 2023NOK 14.1bNOK 3.7bNOK 401.0m153.8x35.2x3.8x
Wed, 23 Aug 2023NOK 14.9bNOK 3.7bNOK 409.0m164.4x36.4x4x
Fri, 21 Jul 2023NOK 17.4bNOK 3.5b-NOK 255,556,524.0034.5x-68.2x4.9x
Sun, 18 Jun 2023NOK 15.7bNOK 3.5b-NOK 262,549,612.0015.8x-59.9x4.5x
Tue, 16 May 2023NOK 15.9bNOK 3.5b-NOK 284,464,913.0013.9x-55.8x4.6x
Thu, 13 Apr 2023NOK 16.5bNOK 3.7b-NOK 1,458,232,138.0027x-11.3x4.4x
Sat, 11 Mar 2023NOK 14.2bNOK 3.7b-NOK 1,436,168,859.0025.1x-9.9x3.8x
Mon, 06 Feb 2023NOK 18.1bNOK 4.4b-NOK 1,495,126,087.0057.8x-12.1x4.1x
Wed, 04 Jan 2023NOK 17.7bNOK 3.6b-NOK 984,768,651.0059.8x-18x4.9x
Fri, 02 Dec 2022NOK 19.4bNOK 3.6b-NOK 979,072,411.0066.4x-19.8x5.4x
Sun, 30 Oct 2022NOK 16.4bNOK 3.6b-NOK 1,077,911,148.0062.2x-15.2x4.5x
Tue, 27 Sep 2022NOK 19.3bNOK 3.6b-NOK 1,148,022,926.00n/a-16.8x5.4x
Thu, 25 Aug 2022NOK 22.6bNOK 3.5b-NOK 1,144,464,622.00n/a-19.7x6.4x
Sat, 23 Jul 2022NOK 21.3bNOK 3.5b-NOK 922,835,978.0015x-23.1x6.2x
Mon, 20 Jun 2022NOK 18.9bNOK 3.5b-NOK 923,308,696.0014.4x-20.4x5.4x
Wed, 18 May 2022NOK 20.1bNOK 3.4b-NOK 840,873,465.006.7x-23.9x6x
Fri, 15 Apr 2022NOK 26.5bNOK 3.3bNOK 319.7m30.4x82.8x8x
Sun, 13 Mar 2022NOK 39.7bNOK 3.3bNOK 335.0m31.9x118.6x12x
Tue, 08 Feb 2022NOK 35.0bNOK 3.2bNOK 372.9m29x93.8x11x
Price to Earnings Ratio

93.8x


Total Market Cap: NOK 35.0bTotal Earnings: NOK 372.9mTotal Revenue: NOK 3.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Renewable Energy Industry Price to Earnings3Y Average 52.7x202320242025
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 9.2x which is lower than its 3-year average PE of 52.6x.
  • The 3-year average PS ratio of 4.9x is higher than the industry's current PS ratio of 3.6x.
Past Earnings Growth
  • The earnings for companies in the Renewable Energy industry have grown 74% per year over the last three years.
  • Revenues for these companies have grown 16% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Norwegian Utilities industry?

NO Market1.61%
Utilities-0.28%
Renewable Energy4.40%
Renewable Energy4.40%
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 52.6x.
    • Analysts are expecting annual earnings decline of 31.4%, 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 52.6x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Renewable Energy industry since they expect its earnings to decline by only 31% 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 31% 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 79.355.0%
+NOK 604.3m		2.9%PE6.7x
CLOUD Cloudberry Clean EnergyNOK 12.203.4%
+NOK 115.5m		22.9%PS9.1x
MGN MagnoraNOK 26.352.7%
+NOK 44.8m		-8.7%PE5.8x
ENERG EnergeiaNOK 0.646.7%
+NOK 4.7m		-54.0%PS1.1x
NSOL Norsk RenewablesNOK 0.1714.7%
+NOK 4.5m		-86.2%PS1.5x
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SCATC

NOK 79.35

Scatec

7D

5.0%

1Y

2.9%

ENERG

NOK 0.64

Energeia

7D

6.7%

1Y

-54.0%

ALT

NOK 1.00

Alternus Energy Group

7D

5.8%

1Y

-87.8%

EAM

NOK 0.081

EAM Solar

7D

0.2%

1Y

-99.5%

CLOUD

NOK 12.20

Cloudberry Clean Energy

7D

3.4%

1Y

22.9%

MPCES

NOK 9.36

MPC Energy Solutions

7D

-5.3%

1Y

-14.1%

NOFIN

NOK 0.36

Nordic Financials

7D

45.6%

1Y

-84.4%

NSOL

NOK 0.17

Norsk Renewables

7D

14.7%

1Y

-86.2%

MGN

NOK 26.35

Magnora

7D

2.7%

1Y

-8.7%