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Norwegian (OSEAX) Renewable Energy Industry Analysis

UpdatedFeb 01, 2023
DataAggregated Company Financials
Companies8
  • 7D-4.2%
  • 3M2.8%
  • 1Y-33.9%
  • YTD0.4%

Over the last 7 days, the Renewable Energy industry has dropped 4.2%, driven by Scatec declining 2.2%. Overall the industry is down 34% in 12 months. Looking forward, earnings are forecast to grow by 38% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Feb 2023kr17.7bkr3.6b-kr987,245,273.0057.4x-18x4.9x
Sat, 31 Dec 2022kr17.7bkr3.6b-kr982,097,293.0060.2x-18x4.9x
Mon, 28 Nov 2022kr18.4bkr3.6b-kr970,610,028.0066.5x-19x5.1x
Wed, 26 Oct 2022kr15.8bkr3.6b-kr1,146,534,289.00n/a-13.8x4.5x
Fri, 23 Sep 2022kr19.9bkr3.6b-kr1,145,448,561.00n/a-17.4x5.6x
Sun, 21 Aug 2022kr22.8bkr3.5b-kr1,146,570,827.00n/a-19.9x6.5x
Tue, 19 Jul 2022kr20.8bkr3.5b-kr923,535,833.0015.2x-22.6x6x
Thu, 16 Jun 2022kr18.6bkr3.5b-kr923,137,190.0015.3x-20.2x5.4x
Sat, 14 May 2022kr19.9bkr3.4b-kr840,085,869.006.8x-23.6x5.9x
Mon, 11 Apr 2022kr27.9bkr3.3bkr319.6m32.1x87.2x8.4x
Wed, 09 Mar 2022kr38.8bkr3.3bkr334.8m31.6x116x11.7x
Fri, 04 Feb 2022kr35.4bkr3.1b-kr331,684,589.006.6x-106.8x11.4x
Sun, 02 Jan 2022kr50.3bkr3.1b-kr310,800,764.007x-161.9x16.2x
Tue, 30 Nov 2021kr52.8bkr3.1b-kr299,895,568.0021.8x-176x17x
Thu, 28 Oct 2021kr51.3bkr2.9b-kr577,875,706.0029.7x-88.8x17.8x
Sat, 25 Sep 2021kr51.6bkr2.9b-kr578,554,451.0039.5x-89.2x17.9x
Mon, 23 Aug 2021kr49.5bkr2.9b-kr578,818,153.3535.8x-85.5x17.2x
Sat, 10 Jul 2021kr58.0bkr2.9b-kr578,818,153.3532.3x-100.1x20.1x
Fri, 02 Apr 2021kr62.8bkr2.9b-kr781,686,358.92n/a-80.4x22x
Mon, 04 Jan 2021kr55.9bkr2.8b-kr515,635,365.10n/a-108.3x20x
Thu, 08 Oct 2020kr30.7bkr2.7bkr54.6m93.9x561.3x11.5x
Wed, 01 Jul 2020kr22.2bkr2.5bkr159.0m71.9x139.7x9x
Sat, 04 Apr 2020kr16.7bkr2.1bkr254.7m37.4x65.4x7.8x
Price to Earnings Ratio

-388x


Total Market Cap: kr19.9bTotal Earnings: -kr51,350,943.81Total Revenue: kr1.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Renewable Energy Industry Price to Earnings3Y Average 27.2x202120222023
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 3-year average PS ratio of 12.4x is higher than the industry's current PS ratio of 4.9x.
Past Earnings Growth
  • The earnings for companies in the Renewable Energy industry have deteriorated over the last three years.
  • Meanwhile revenues for these companies have grown 25% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.

Industry Trends

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

NO Market0.26%
Utilities-3.45%
Renewable Energy-4.17%
Independent Power Producers and Energy Traders0%
Renewable Energy-4.17%
Industry PE
    Forecasted Growth
    • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 38% over the next 5 years.
    • In contrast, the Renewable Energy industry is expected to see its earnings grow by 38% 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
    NSOL Norsk Solarkr3.411.5%
    +kr3.7m
    -41.0%PS13.3x
    AEGA Aegakr0.942.9%
    +kr1.8m
    -39.1%PS2.3x
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    Latest News

    AEGA

    kr0.94

    Aega

    7D

    2.9%

    1Y

    -39.1%

    MPCES

    kr14.24

    MPC Energy Solutions

    7D

    -0.4%

    1Y

    -33.1%

    NSOL

    kr3.41

    Norsk Solar

    7D

    1.5%

    1Y

    -41.0%

    CLOUD

    kr11.62

    Cloudberry Clean Energy

    7D

    -3.8%

    1Y

    -22.5%

    SCATC

    kr82.60

    Scatec

    7D

    -2.2%

    1Y

    -37.2%

    ALT

    kr19.60

    Alternus Energy Group

    7D

    -2.0%

    1Y

    -30.0%

    EAM

    kr6.00

    EAM Solar

    7D

    -7.4%

    1Y

    -42.0%