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Norwegian (OSEAX) Renewable Energy Industry Analysis

UpdatedApr 26, 2026
DataAggregated Company Financials
Companies7
  • 7D1.8%
  • 3M2.3%
  • 1Y36.3%
  • YTD10.9%

The Renewable Energy industry is up 1.8% in the last week, with Scatec up 1.6%. Meanwhile, EAM Solar actually underperformed within the industry, shrinking 15% in the last week. In the last 12 months, the industry was up 36%. Earnings are forecast to grow by 9.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 Apr 2026NOK 25.8bNOK 4.4bNOK 869.1m42.5x29.7x5.8x
Tue, 24 Mar 2026NOK 25.1bNOK 4.4bNOK 897.2m71.3x28x5.7x
Thu, 19 Feb 2026NOK 24.2bNOK 4.4bNOK 867.1m39.7x28x5.5x
Sat, 17 Jan 2026NOK 24.3bNOK 4.4bNOK 682.5m51.4x35.6x5.5x
Mon, 15 Dec 2025NOK 21.8bNOK 4.4bNOK 681.7m49.9x32x4.9x
Wed, 12 Nov 2025NOK 22.1bNOK 4.3bNOK 688.0m49.8x32.1x5.1x
Fri, 10 Oct 2025NOK 21.1bNOK 4.5bNOK 2.2b6.2x9.5x4.6x
Sun, 07 Sep 2025NOK 21.3bNOK 4.6bNOK 2.2b6.2x9.5x4.7x
Tue, 05 Aug 2025NOK 20.6bNOK 5.3bNOK 2.1b7.3x10.1x3.9x
Thu, 03 Jul 2025NOK 20.7bNOK 5.4bNOK 2.3b6.8x8.8x3.9x
Sat, 31 May 2025NOK 19.8bNOK 5.4bNOK 2.3b6.4x8.5x3.7x
Mon, 28 Apr 2025NOK 18.3bNOK 5.0bNOK 1.5b9.6x12.2x3.6x
Wed, 26 Mar 2025NOK 17.6bNOK 5.0bNOK 1.5b9.7x11.5x3.6x
Fri, 21 Feb 2025NOK 17.5bNOK 5.0bNOK 1.6b9.4x11.3x3.5x
Sun, 19 Jan 2025NOK 17.9bNOK 5.0bNOK 2.0b6.2x9.2x3.5x
Tue, 17 Dec 2024NOK 18.0bNOK 5.0bNOK 2.0b6.2x9.2x3.6x
Thu, 14 Nov 2024NOK 17.8bNOK 5.2bNOK 2.0b6x9.1x3.4x
Sat, 12 Oct 2024NOK 16.8bNOK 4.7bNOK 33.3m42.3x505x3.6x
Mon, 09 Sep 2024NOK 16.4bNOK 4.7bNOK 32.5m40.4x503.5x3.5x
Wed, 07 Aug 2024NOK 17.6bNOK 4.4bNOK 607.5m20.6x29x4x
Fri, 05 Jul 2024NOK 19.1bNOK 4.4bNOK 829.7m19.7x23x4.3x
Sun, 02 Jun 2024NOK 17.5bNOK 4.3bNOK 747.1m15.8x23.4x4x
Tue, 30 Apr 2024NOK 15.0bNOK 4.0bNOK 686.0m14.1x21.8x3.8x
Thu, 28 Mar 2024NOK 14.9bNOK 3.9bNOK 717.0m14.4x20.8x3.8x
Sat, 24 Feb 2024NOK 13.8bNOK 4.0bNOK 729.0m13.2x18.9x3.5x
Mon, 22 Jan 2024NOK 14.2bNOK 4.0bNOK 93.2m6.5x152.2x3.5x
Wed, 20 Dec 2023NOK 16.5bNOK 4.0bNOK 95.2m6.9x172.8x4.1x
Fri, 17 Nov 2023NOK 14.1bNOK 4.0bNOK 81.0m6.6x174.5x3.5x
Sun, 15 Oct 2023NOK 12.4bNOK 3.7bNOK 399.8m130.1x31.1x3.3x
Tue, 12 Sep 2023NOK 14.5bNOK 3.7bNOK 401.7m158x36x3.9x
Thu, 10 Aug 2023NOK 16.6bNOK 3.6b-NOK 276,440,055.0013x-59.9x4.7x
Sat, 08 Jul 2023NOK 16.0bNOK 3.6b-NOK 259,169,372.0035.3x-61.9x4.5x
Mon, 05 Jun 2023NOK 16.2bNOK 3.5b-NOK 264,808,313.0015.1x-61.3x4.7x
Wed, 03 May 2023NOK 14.6bNOK 3.3b-NOK 1,373,893,519.0025.3x-10.6x4.4x
Price to Earnings Ratio

-10.6x


Total Market Cap: NOK 14.6bTotal Earnings: -NOK 1,373,893,519.00Total Revenue: NOK 3.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Renewable Energy Industry Price to Earnings3Y Average 58.3x202420252026
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 29.7x which is lower than its 3-year average PE of 58.3x.
  • The 3-year average PS ratio of 4.1x is lower than the industry's current PS ratio of 5.8x.
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 10% 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-0.45%
Utilities1.63%
Renewable Energy1.77%
Renewable Energy1.77%
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 58.3x.
    • Analysts are expecting annual earnings growth of 9.8%, 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 58.3x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 9.8% 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 9.8% 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 120.801.6%
+NOK 303.7m		53.1%PE19.7x
MGN MagnoraNOK 26.509.1%
+NOK 140.6m		17.8%PE84.3x
CLOUD Cloudberry Clean EnergyNOK 13.000.3%
+NOK 13.4m		4.2%PE65.2x
NOFIN Nordic FinancialsNOK 2.067.3%
+NOK 2.8m		-57.2%PS36.2x

Latest News

SCATC
NOK 120.80
Scatec
7D
1.6%
1Y
53.1%
CLOUD
NOK 13.00
Cloudberry Clean Energy
7D
0.3%
1Y
4.2%
EAM
NOK 1.83
EAM Solar
7D
-15.3%
1Y
-84.8%

There Are Some Holes In EAM Solar's (OB:EAM) Solid Earnings Release

Apr 23
There Are Some Holes In EAM Solar's (OB:EAM) Solid Earnings Release
MGN
NOK 26.50
Magnora
7D
9.1%
1Y
17.8%

MGN: New 100 MW Data Center Project Will Support Future Upside

Analysts have kept their Magnora fair value estimate steady at NOK31.04, with only marginal tweaks to underlying assumptions such as the discount rate, revenue growth, profit margin and future P/E. This reflects a broadly unchanged view on the stock’s risk and earnings profile.
ENERG
NOK 7.58
Energeia
7D
-4.1%
1Y
-49.5%
NOFIN
NOK 2.06
Nordic Financials
7D
7.3%
1Y
-57.2%
MPCES
NOK 12.90
MPC Energy Solutions
7D
-0.4%
1Y
40.2%