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Norwegian (OSEAX) Renewable Energy Industry Analysis

UpdatedJul 25, 2026
DataAggregated Company Financials
Companies7
  • 7D-0.2%
  • 3M-16.1%
  • 1Y-8.0%
  • YTD-6.9%

Last week, the Renewable Energy industry hasn't moved much but Magnora is up 5.7% in that time. As for the longer term, the industry has declined 7.3% in the last year. As for the next few years, earnings are expected to grow by 46% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 25 Jul 2026NOK 21.8bNOK 4.4bNOK 32.0m24.5x681.9x5x
Mon, 22 Jun 2026NOK 21.4bNOK 4.4bNOK 31.2m21x688.3x4.9x
Wed, 20 May 2026NOK 23.4bNOK 4.4bNOK 34.9m24.4x669.9x5.4x
Fri, 17 Apr 2026NOK 26.1bNOK 4.4bNOK 842.4m65x31x5.9x
Sun, 15 Mar 2026NOK 25.1bNOK 4.4bNOK 896.9m68.3x28x5.7x
Tue, 10 Feb 2026NOK 24.0bNOK 4.3bNOK 853.7m47.9x28.2x5.6x
Thu, 08 Jan 2026NOK 22.6bNOK 4.4bNOK 682.7m50.3x33.1x5.1x
Sat, 06 Dec 2025NOK 21.9bNOK 4.4bNOK 686.3m49.9x31.9x5x
Mon, 03 Nov 2025NOK 22.8bNOK 4.4bNOK 587.0m19.1x38.8x5.2x
Wed, 01 Oct 2025NOK 20.3bNOK 4.5bNOK 2.2b6x9.1x4.5x
Fri, 29 Aug 2025NOK 21.7bNOK 4.6bNOK 2.2b6.4x9.7x4.8x
Sun, 27 Jul 2025NOK 21.4bNOK 5.3bNOK 2.0b7.6x10.6x4x
Tue, 24 Jun 2025NOK 19.7bNOK 5.4bNOK 2.3b6.4x8.4x3.7x
Thu, 22 May 2025NOK 19.5bNOK 5.4bNOK 2.3b6.3x8.4x3.6x
Sat, 19 Apr 2025NOK 17.4bNOK 5.0bNOK 1.5b9.1x11.3x3.5x
Mon, 17 Mar 2025NOK 17.5bNOK 5.0bNOK 1.5b9.6x11.4x3.5x
Wed, 12 Feb 2025NOK 17.8bNOK 5.0bNOK 1.4b7.6x12.4x3.5x
Fri, 10 Jan 2025NOK 18.3bNOK 5.0bNOK 2.0b6.3x9.4x3.6x
Sun, 08 Dec 2024NOK 18.2bNOK 5.0bNOK 2.0b6.1x9.3x3.6x
Tue, 05 Nov 2024NOK 19.2bNOK 5.0bNOK 1.9b6.2x9.9x3.8x
Thu, 03 Oct 2024NOK 17.1bNOK 4.7bNOK 34.1m42.3x503.1x3.7x
Sat, 31 Aug 2024NOK 17.1bNOK 4.7bNOK 27.1m42.1x632.7x3.7x
Mon, 29 Jul 2024NOK 18.0bNOK 4.4bNOK 645.8m20.9x27.9x4.1x
Wed, 26 Jun 2024NOK 18.0bNOK 4.4bNOK 650.8m20.6x27.7x4.1x
Fri, 24 May 2024NOK 15.7bNOK 4.3bNOK 748.1m14.1x21x3.6x
Sun, 21 Apr 2024NOK 13.8bNOK 4.0bNOK 683.0m13.2x20.2x3.5x
Tue, 19 Mar 2024NOK 13.8bNOK 3.9bNOK 721.1m13.3x19.1x3.5x
Thu, 15 Feb 2024NOK 14.6bNOK 4.2bNOK 896.8m12.1x16.3x3.5x
Sat, 13 Jan 2024NOK 15.7bNOK 4.0bNOK 95.1m7x165.4x3.9x
Mon, 11 Dec 2023NOK 16.0bNOK 4.0bNOK 89.1m6.5x179.8x4x
Wed, 08 Nov 2023NOK 13.9bNOK 4.0bNOK 88.5m6.7x157.1x3.4x
Fri, 06 Oct 2023NOK 13.0bNOK 3.7bNOK 399.4m129.9x32.5x3.5x
Sun, 03 Sep 2023NOK 14.8bNOK 3.7bNOK 401.4m161.5x36.9x4x
Tue, 01 Aug 2023NOK 17.6bNOK 3.5b-NOK 264,946,351.0014.6x-66.4x5x
Price to Earnings Ratio

-66.4x


Total Market Cap: NOK 17.6bTotal Earnings: -NOK 264,946,351.00Total Revenue: NOK 3.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Renewable Energy Industry Price to Earnings3Y Average 106.5x202420252026
Current Industry PE
  • Investors are optimistic on the Norwegian Renewable Energy industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 694x which is higher than its 3-year average PE of 106x.
  • The 3-year average PS ratio of 4.2x is lower than the industry's current PS ratio of 5.0x.
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 7.2% 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 Market3.10%
Utilities-0.094%
Renewable Energy-0.24%
Independent Power Producers and Energy Traders0%0
Renewable Energy-0.24%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 106x.
    • Analysts are expecting annual earnings growth of 46.2%, which is higher than its past year's earnings growth of 23.5% per year.
  • Investors are most pessimistic about the Renewable Energy industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 106x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 46% over the next 5 years.
  • This is better than its past earnings growth rate of 24% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 46% 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
MGN MagnoraNOK 24.055.7%
+NOK 93.9m		-0.4%PS34.6x
EAM EAM SolarNOK 0.688.2%
+NOK 1.1m		-63.8%PE0.9x
NOFIN Nordic FinancialsNOK 1.701.8%
+NOK 590.8k		-35.2%PS23.4x

Latest News

EAM
NOK 0.68
EAM Solar
7D
8.2%
1Y
-63.8%
MPCES
NOK 13.95
MPC Energy Solutions
7D
-1.8%
1Y
31.0%
MGN
NOK 24.05
Magnora
7D
5.7%
1Y
-0.4%
Narrative Update • Jul 09

MGN: Data Center Projects And Conservative Assumptions Will Support Future Upside

The analyst price target for Magnora has been revised lower by approximately NOK 7. This change is based on reduced fair value assumptions, slightly higher discount rates, more moderate revenue growth and profit margin expectations, and a higher assumed future P/E multiple following recent downgrades.
SCATC
NOK 96.00
Scatec
7D
-0.6%
1Y
-8.6%
CLOUD
NOK 12.84
Cloudberry Clean Energy
7D
-1.2%
1Y
-7.0%
NOFIN
NOK 1.70
Nordic Financials
7D
1.8%
1Y
-35.2%