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Norwegian (OSEAX) Renewable Energy Industry Analysis
UpdatedMar 14, 2025
DataAggregated Company Financials
Companies7
- 7D6.1%
- 3M-3.8%
- 1Y-4.4%
- YTD-6.9%
In the last week, the Renewable Energy industry is up 6.1%, with Scatec up 5.9%. In contrast, the industry has lost 4.4% in the last 12 months. In the next few years, earnings are forecast to decline by 24% annually.
Industry Valuation and Performance
Has the Norwegian Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 15 Mar 2025 | NOK 17.6b | NOK 5.0b | NOK 1.5b | 9.6x | 11.4x | 3.5x |
| Mon, 10 Feb 2025 | NOK 17.9b | NOK 5.0b | NOK 1.4b | 7.6x | 12.5x | 3.6x |
| Wed, 08 Jan 2025 | NOK 18.5b | NOK 5.0b | NOK 2.0b | 6.5x | 9.5x | 3.7x |
| Fri, 06 Dec 2024 | NOK 18.0b | NOK 5.0b | NOK 2.0b | 6.1x | 9.2x | 3.6x |
| Sun, 03 Nov 2024 | NOK 18.6b | NOK 7.0b | NOK 1.9b | 6x | 9.6x | 2.7x |
| Tue, 01 Oct 2024 | NOK 17.2b | NOK 4.7b | NOK 34.7m | 42.4x | 496.3x | 3.7x |
| Thu, 29 Aug 2024 | NOK 16.6b | NOK 4.7b | NOK 50.0m | 41.6x | 332.3x | 3.6x |
| Sat, 27 Jul 2024 | NOK 18.0b | NOK 4.4b | NOK 645.8m | 20.9x | 27.9x | 4.1x |
| Mon, 24 Jun 2024 | NOK 17.9b | NOK 4.4b | NOK 651.2m | 20.1x | 27.6x | 4.1x |
| Wed, 22 May 2024 | NOK 15.0b | NOK 4.4b | NOK 753.4m | 13.5x | 19.9x | 3.5x |
| Fri, 19 Apr 2024 | NOK 14.2b | NOK 4.0b | NOK 682.6m | 13.5x | 20.8x | 3.6x |
| Sun, 17 Mar 2024 | NOK 13.9b | NOK 3.9b | NOK 721.4m | 13.4x | 19.3x | 3.5x |
| Tue, 13 Feb 2024 | NOK 14.8b | NOK 4.2b | NOK 897.6m | 12.3x | 16.5x | 3.6x |
| Thu, 11 Jan 2024 | NOK 15.6b | NOK 4.0b | NOK 94.4m | 7.1x | 164.8x | 3.9x |
| Sat, 09 Dec 2023 | NOK 16.0b | NOK 4.0b | NOK 89.1m | 6.5x | 179.8x | 4x |
| Mon, 06 Nov 2023 | NOK 14.5b | NOK 4.1b | NOK 90.0m | 6.9x | 161.5x | 3.5x |
| Wed, 04 Oct 2023 | NOK 13.5b | NOK 3.7b | NOK 400.6m | 135.1x | 33.7x | 3.6x |
| Fri, 01 Sep 2023 | NOK 14.9b | NOK 3.7b | NOK 402.1m | 163.9x | 37x | 4x |
| Sun, 30 Jul 2023 | NOK 17.2b | NOK 3.5b | -NOK 265,579,098.00 | 14.3x | -64.6x | 4.8x |
| Tue, 27 Jun 2023 | NOK 15.3b | NOK 3.5b | -NOK 263,701,307.00 | 15.9x | -57.9x | 4.4x |
| Thu, 25 May 2023 | NOK 16.0b | NOK 3.5b | -NOK 272,756,367.00 | 15.1x | -58.7x | 4.6x |
| Sat, 22 Apr 2023 | NOK 14.9b | NOK 3.3b | -NOK 1,371,744,104.00 | 25.7x | -10.9x | 4.5x |
| Mon, 20 Mar 2023 | NOK 14.3b | NOK 3.7b | -NOK 1,437,998,105.00 | 25.3x | -10x | 3.9x |
| Wed, 15 Feb 2023 | NOK 16.7b | NOK 3.6b | -NOK 1,493,232,098.00 | 59.8x | -11.2x | 4.6x |
| Fri, 13 Jan 2023 | NOK 18.4b | NOK 3.6b | -NOK 985,506,277.00 | 59.8x | -18.7x | 5.1x |
| Sun, 11 Dec 2022 | NOK 18.6b | NOK 3.6b | -NOK 983,000,063.00 | 65.8x | -18.9x | 5.1x |
| Tue, 08 Nov 2022 | NOK 18.7b | NOK 3.6b | -NOK 965,265,277.00 | 67.6x | -19.3x | 5.3x |
| Thu, 06 Oct 2022 | NOK 17.1b | NOK 3.6b | -NOK 1,148,643,817.00 | n/a | -14.9x | 4.8x |
| Sat, 03 Sep 2022 | NOK 21.9b | NOK 3.5b | -NOK 1,122,327,828.00 | n/a | -19.5x | 6.2x |
| Mon, 01 Aug 2022 | NOK 23.9b | NOK 3.4b | -NOK 1,111,423,153.00 | 16.4x | -21.5x | 7x |
| Wed, 29 Jun 2022 | NOK 19.7b | NOK 3.5b | -NOK 922,432,022.00 | 15.7x | -21.3x | 5.7x |
| Fri, 27 May 2022 | NOK 20.6b | NOK 3.4b | -NOK 897,562,426.00 | 18.2x | -22.9x | 6x |
| Sun, 24 Apr 2022 | NOK 25.4b | NOK 3.3b | NOK 320.5m | 29x | 79.2x | 7.7x |
| Tue, 22 Mar 2022 | NOK 39.1b | NOK 3.3b | NOK 334.7m | 31.5x | 116.9x | 11.8x |
Price to Earnings Ratio
116.9x
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 11.4x which is lower than its 3-year average PE of 50.0x.
- The 3-year average PS ratio of 4.6x is higher than the industry's current PS ratio of 3.5x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have grown 66% per year over the last three years.
- Revenues for these companies have grown 14% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Norwegian Utilities industry?
| NO Market | 1.68% | |
| Utilities | 6.37% | |
| Renewable Energy | 6.07% | |
| Renewable Energy | 6.07% | |
| Independent Power Producers and Energy Traders | 0% | 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 50.0x.
- Analysts are expecting annual earnings decline of 24.4%, which is lower than the prior year's growth of 48.3% per year.
- Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 50.0x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Renewable Energy industry since they expect its earnings to decline by only 24% per year over the next 5 years, which isn't as bad as the other industries.
- This is a reversal from its past annual earnings growth rate of 48% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings decline by 24% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SCATC Scatec | NOK 79.30 | 5.9% +NOK 707.7m | 17.0% | PE9.6x | |
| MGN Magnora | NOK 22.35 | 1.4% +NOK 19.2m | -23.2% | PE5.1x | |
| EAM EAM Solar | NOK 0.76 | 8.3% +NOK 8.9m | -93.5% | PS7.8x | |
| NOFIN Nordic Financials | NOK 0.53 | 78.0% +NOK 5.6m | -74.6% | PB11x |