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Norwegian (OSEAX) Renewable Energy Industry Analysis

UpdatedApr 11, 2026
DataAggregated Company Financials
Companies7
  • 7D1.7%
  • 3M20.1%
  • 1Y62.2%
  • YTD20.9%

Over the last 7 days, the Renewable Energy industry has risen 1.7%, driven by gains from Scatec of 1.9%. This means that the industry has gained 62% over the past year. Earnings are forecast to grow by 7.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 11 Apr 2026NOK 28.1bNOK 4.4bNOK 839.9m65.9x33.5x6.4x
Mon, 09 Mar 2026NOK 24.5bNOK 4.4bNOK 899.5m66.5x27.3x5.6x
Wed, 04 Feb 2026NOK 24.0bNOK 4.3bNOK 852.8m48.2x28.2x5.6x
Fri, 02 Jan 2026NOK 22.6bNOK 4.4bNOK 682.5m51.2x33.2x5.1x
Sun, 30 Nov 2025NOK 21.9bNOK 4.4bNOK 686.7m53.2x31.8x5x
Tue, 28 Oct 2025NOK 22.3bNOK 4.6bNOK 2.2b6.6x10.1x4.9x
Thu, 25 Sep 2025NOK 20.8bNOK 4.5bNOK 2.2b6.2x9.3x4.6x
Sat, 23 Aug 2025NOK 21.5bNOK 4.6bNOK 2.2b6.5x9.6x4.7x
Mon, 21 Jul 2025NOK 22.0bNOK 5.4bNOK 2.3b7.3x9.8x4.1x
Wed, 18 Jun 2025NOK 19.8bNOK 5.4bNOK 2.3b6.5x8.4x3.7x
Fri, 16 May 2025NOK 19.7bNOK 5.4bNOK 2.3b6.3x8.5x3.7x
Sun, 13 Apr 2025NOK 16.7bNOK 5.0bNOK 1.5b8.7x10.8x3.4x
Tue, 11 Mar 2025NOK 16.9bNOK 5.0bNOK 1.5b9.1x11x3.4x
Thu, 06 Feb 2025NOK 17.7bNOK 5.0bNOK 1.4b7.7x12.9x3.5x
Sat, 04 Jan 2025NOK 19.0bNOK 5.0bNOK 2.0b6.6x9.7x3.8x
Mon, 02 Dec 2024NOK 18.1bNOK 5.0bNOK 2.0b6.2x9.2x3.6x
Wed, 30 Oct 2024NOK 18.4bNOK 4.7bNOK 332.7m23x55.4x3.9x
Fri, 27 Sep 2024NOK 16.9bNOK 4.7bNOK 34.8m42x486.2x3.6x
Sun, 25 Aug 2024NOK 16.4bNOK 4.5bNOK 50.4m41.2x326.5x3.6x
Tue, 23 Jul 2024NOK 17.4bNOK 4.4bNOK 646.3m20.1x26.9x3.9x
Thu, 20 Jun 2024NOK 17.7bNOK 4.4bNOK 651.1m19.5x27.2x4x
Sat, 18 May 2024NOK 15.4bNOK 4.4bNOK 752.8m13.9x20.5x3.5x
Mon, 15 Apr 2024NOK 15.3bNOK 4.0bNOK 684.3m14.4x22.4x3.9x
Wed, 13 Mar 2024NOK 13.5bNOK 3.9bNOK 722.4m13.1x18.7x3.4x
Fri, 09 Feb 2024NOK 14.7bNOK 4.2bNOK 896.3m12.1x16.4x3.5x
Sun, 07 Jan 2024NOK 15.8bNOK 4.0bNOK 95.0m7.1x165.9x3.9x
Tue, 05 Dec 2023NOK 15.2bNOK 4.0bNOK 89.6m6.4x170.2x3.8x
Thu, 02 Nov 2023NOK 12.5bNOK 3.7bNOK 390.8m129.1x32x3.3x
Sat, 30 Sep 2023NOK 13.7bNOK 3.7bNOK 402.1m145.9x34.1x3.7x
Mon, 28 Aug 2023NOK 15.3bNOK 3.7bNOK 410.1m169.5x37.2x4.1x
Wed, 26 Jul 2023NOK 17.7bNOK 3.5b-NOK 255,230,604.0033.8x-69.3x5x
Fri, 23 Jun 2023NOK 15.6bNOK 3.5b-NOK 263,086,765.0015.9x-59.2x4.5x
Sun, 21 May 2023NOK 16.4bNOK 3.5b-NOK 294,055,350.0014.7x-55.6x4.7x
Tue, 18 Apr 2023NOK 16.1bNOK 3.7b-NOK 1,458,047,937.0026.4x-11x4.3x
Price to Earnings Ratio

-11x


Total Market Cap: NOK 16.1bTotal Earnings: -NOK 1,458,047,937.00Total Revenue: NOK 3.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Renewable Energy Industry Price to Earnings3Y Average 57.7x202420252026
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 33.5x which is lower than its 3-year average PE of 57.7x.
  • The 3-year average PS ratio of 4.1x is lower than the industry's current PS ratio of 6.4x.
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 6.0% 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-0.88%
Utilities1.55%
Renewable Energy1.66%
Renewable Energy1.66%
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 57.7x.
    • Analysts are expecting annual earnings growth of 7.6%, which is higher than its past year's earnings decline of 30.2% per year.
  • Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 57.7x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 7.6% over the next 5 years.
  • This is better than its past earnings decline of 30% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 7.6% 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 135.701.9%
+NOK 399.6m		88.5%PE22.2x
MGN MagnoraNOK 24.653.8%
+NOK 57.5m		20.5%PE78.4x
EAM EAM SolarNOK 3.0863.3%
+NOK 24.3m		-75.7%PS4.6x

Latest News

SCATC
NOK 135.70
Scatec
7D
1.9%
1Y
88.5%

SCATC: Long-Term PPAs And New Solar Projects Will Support Future Cash Flows

Analysts have kept their fair value estimate for Scatec steady at NOK 129.57 per share, with only very small tweaks to inputs such as the discount rate and future P/E assumptions. As a result, the overall price target remains effectively unchanged.
MGN
NOK 24.65
Magnora
7D
3.8%
1Y
20.5%

MGN: Nordic Data Center Expansion Will Support Future Upside Potential

Analysts have revised their outlook on Magnora, adjusting the NOK price target in line with updated assumptions that include a slightly lower discount rate, a neutral revenue growth view, a reduced profit margin expectation and a higher future P/E multiple. What's in the News Magnora ASA has secured land in northwestern Norway for a new 100 MW data center project, located next to a key substation where three 420 kV power lines meet, and supported by local authorities focused on attracting new business (Key Developments).
ENERG
NOK 7.66
Energeia
7D
-3.0%
1Y
-38.7%
CLOUD
NOK 13.14
Cloudberry Clean Energy
7D
-0.3%
1Y
14.7%
NOFIN
NOK 1.82
Nordic Financials
7D
-3.2%
1Y
-69.3%
EAM
NOK 3.08
EAM Solar
7D
63.3%
1Y
-75.7%
MPCES
NOK 13.05
MPC Energy Solutions
7D
-1.5%
1Y
51.7%