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Norwegian (OSEAX) Renewable Energy Industry Analysis

UpdatedDec 30, 2025
DataAggregated Company Financials
Companies7
  • 7D2.4%
  • 3M4.8%
  • 1Y6.3%
  • YTD4.9%

The Renewable Energy industry is up 2.4% in the last week, with Scatec up 2.3%. This means that the industry has gained 6.3% over the past year. Earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 31 Dec 2025NOK 22.8bNOK 4.4bNOK 683.1m52.3x33.3x5.2x
Fri, 28 Nov 2025NOK 21.6bNOK 4.4bNOK 686.1m50x31.4x4.9x
Sun, 26 Oct 2025NOK 22.3bNOK 4.6bNOK 2.2b6.6x10.1x4.9x
Tue, 23 Sep 2025NOK 20.5bNOK 4.5bNOK 2.2b6.1x9.2x4.5x
Thu, 21 Aug 2025NOK 21.4bNOK 5.8bNOK 2.4b6.7x9x3.7x
Sat, 19 Jul 2025NOK 22.0bNOK 5.4bNOK 2.3b7.3x9.4x4.1x
Mon, 16 Jun 2025NOK 19.5bNOK 5.4bNOK 2.3b6.4x8.3x3.6x
Wed, 14 May 2025NOK 19.8bNOK 5.5bNOK 2.4b6.4x8.4x3.6x
Fri, 11 Apr 2025NOK 16.5bNOK 5.0bNOK 1.5b8.8x10.8x3.3x
Sun, 09 Mar 2025NOK 16.9bNOK 5.0bNOK 1.5b9.1x11x3.4x
Tue, 04 Feb 2025NOK 18.2bNOK 7.2bNOK 1.4b7.6x13.3x2.5x
Thu, 02 Jan 2025NOK 18.4bNOK 5.0bNOK 2.0b6.4x9.4x3.7x
Sat, 30 Nov 2024NOK 18.1bNOK 5.0bNOK 2.0b6.2x9.2x3.6x
Mon, 28 Oct 2024NOK 18.8bNOK 4.7bNOK 332.2m23.7x56.6x4x
Wed, 25 Sep 2024NOK 16.8bNOK 4.7bNOK 36.6m41.5x457.6x3.6x
Fri, 23 Aug 2024NOK 16.5bNOK 4.5bNOK 48.3m40.8x342.3x3.6x
Sun, 21 Jul 2024NOK 17.5bNOK 4.4bNOK 646.8m20.3x27x4x
Tue, 18 Jun 2024NOK 17.5bNOK 4.4bNOK 650.1m19.5x27x4x
Thu, 16 May 2024NOK 15.4bNOK 4.4bNOK 753.3m13.9x20.5x3.5x
Sat, 13 Apr 2024NOK 15.3bNOK 4.0bNOK 684.3m14.4x22.4x3.9x
Mon, 11 Mar 2024NOK 14.2bNOK 3.9bNOK 723.2m13.8x19.7x3.6x
Wed, 07 Feb 2024NOK 15.1bNOK 4.2bNOK 896.6m12.5x16.8x3.6x
Fri, 05 Jan 2024NOK 15.7bNOK 4.0bNOK 95.0m7x165.4x3.9x
Sun, 03 Dec 2023NOK 14.9bNOK 4.0bNOK 91.3m6.5x163.2x3.7x
Tue, 31 Oct 2023NOK 12.5bNOK 3.7bNOK 391.4m131.3x31.9x3.3x
Thu, 28 Sep 2023NOK 13.4bNOK 3.7bNOK 401.6m141.3x33.4x3.6x
Sat, 26 Aug 2023NOK 15.3bNOK 3.7bNOK 408.3m169.5x37.4x4.1x
Mon, 24 Jul 2023NOK 17.3bNOK 3.5b-NOK 255,386,184.0035.1x-67.9x4.9x
Wed, 21 Jun 2023NOK 16.4bNOK 3.5b-NOK 263,699,466.0016.3x-62.2x4.7x
Fri, 19 May 2023NOK 16.1bNOK 3.5b-NOK 287,070,788.0014.2x-56.2x4.7x
Sun, 16 Apr 2023NOK 16.4bNOK 3.7b-NOK 1,457,002,357.0026.7x-11.3x4.4x
Tue, 14 Mar 2023NOK 14.1bNOK 3.7b-NOK 1,436,287,947.0024.2x-9.8x3.8x
Thu, 09 Feb 2023NOK 17.9bNOK 3.6b-NOK 1,495,671,868.0059x-12x4.9x
Sat, 07 Jan 2023NOK 17.8bNOK 3.6b-NOK 984,856,666.0058.4x-18.1x4.9x
Price to Earnings Ratio

-18.1x


Total Market Cap: NOK 17.8bTotal Earnings: -NOK 984,856,666.00Total Revenue: NOK 3.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Renewable Energy Industry Price to Earnings3Y Average 53.7x20242025
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 33.3x which is lower than its 3-year average PE of 53.6x.
  • The 3-year average PS ratio of 4.0x is lower than the industry's current PS ratio of 5.2x.
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 6.8% 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 Market0.94%
Utilities2.51%
Renewable Energy2.40%
Renewable Energy2.40%
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 53.6x.
    • Analysts are expecting annual earnings growth of 26.9%, 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 53.6x.
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?

CompanyLast Price7D1YValuation
SCATC ScatecNOK 106.200.8%
+NOK 127.1m		33.6%PE19x
MGN MagnoraNOK 19.620.5%
+NOK 6.4m		-29.3%PS24.3x
MPCES MPC Energy SolutionsNOK 13.350.8%
+NOK 2.2m		39.1%PS2.7x
ENERG EnergeiaNOK 7.701.3%
+NOK 930.1k		-95.3%PS1.2x

Latest News

ENERG
NOK 7.70
Energeia
7D
1.3%
1Y
-95.3%
CLOUD
NOK 12.86
Cloudberry Clean Energy
7D
-0.9%
1Y
2.7%
MPCES
NOK 13.35
MPC Energy Solutions
7D
0.8%
1Y
39.1%
SCATC
NOK 106.20
Scatec
7D
0.8%
1Y
33.6%

SCATC: New Long-Term Power Contracts Will Support Future Cash Flow Visibility

Narrative Update on Scatec Analysts have raised their price target on Scatec to NOK 121, reflecting a more positive outlook supported by recent rating upgrades and confidence in the company’s long term growth and profitability profile. Analyst Commentary Bullish analysts view the recent upgrade and higher price target as a reflection of improving execution and a clearer path to long term value creation.
EAM
NOK 0.94
EAM Solar
7D
-0.2%
1Y
-68.9%
NOFIN
NOK 1.76
Nordic Financials
7D
-3.3%
1Y
-97.1%
MGN
NOK 19.62
Magnora
7D
0.5%
1Y
-29.3%