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Norwegian (OSEAX) Renewable Energy Industry Analysis
UpdatedFeb 15, 2025
DataAggregated Company Financials
Companies7
- 7D-0.9%
- 3M-2.8%
- 1Y-7.3%
- YTD-4.9%
Over the last 7 days, the Renewable Energy industry has remained flat, although notably EAM Solar gained 339%. Unfortunately though, the industry is down 7.3% over the past 12 months. Looking forward, earnings are forecast to decline by 30% per year.
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 |
|---|---|---|---|---|---|---|
| Sun, 16 Feb 2025 | NOK 17.7b | NOK 5.2b | NOK 1.6b | 9.5x | 11.4x | 3.4x |
| Tue, 14 Jan 2025 | NOK 17.5b | NOK 5.0b | NOK 2.0b | 6x | 9x | 3.5x |
| Thu, 12 Dec 2024 | NOK 18.3b | NOK 5.0b | NOK 2.0b | 6.2x | 9.4x | 3.6x |
| Sat, 09 Nov 2024 | NOK 18.1b | NOK 5.0b | NOK 1.9b | 6.1x | 9.4x | 3.6x |
| Mon, 07 Oct 2024 | NOK 16.9b | NOK 4.7b | NOK 33.9m | 41.5x | 500.5x | 3.6x |
| Wed, 04 Sep 2024 | NOK 16.3b | NOK 4.7b | NOK 33.3m | 39.5x | 488.5x | 3.5x |
| Fri, 02 Aug 2024 | NOK 18.2b | NOK 4.4b | NOK 607.5m | 21.2x | 30x | 4.1x |
| Sun, 30 Jun 2024 | NOK 19.6b | NOK 4.4b | NOK 828.9m | 20.4x | 23.7x | 4.4x |
| Tue, 28 May 2024 | NOK 15.8b | NOK 4.3b | NOK 747.1m | 14.1x | 21.1x | 3.6x |
| Thu, 25 Apr 2024 | NOK 14.3b | NOK 4.0b | NOK 683.1m | 13.7x | 21x | 3.6x |
| Sat, 23 Mar 2024 | NOK 14.9b | NOK 3.9b | NOK 717.3m | 14.2x | 20.8x | 3.8x |
| Mon, 19 Feb 2024 | NOK 14.8b | NOK 4.0b | NOK 729.4m | 14.1x | 20.3x | 3.8x |
| Wed, 17 Jan 2024 | NOK 15.1b | NOK 4.0b | NOK 93.4m | 6.7x | 161.2x | 3.7x |
| Fri, 15 Dec 2023 | NOK 16.2b | NOK 4.0b | NOK 93.0m | 6.6x | 174.6x | 4x |
| Sun, 12 Nov 2023 | NOK 13.4b | NOK 4.0b | NOK 89.5m | 6.6x | 149.9x | 3.3x |
| Tue, 10 Oct 2023 | NOK 12.3b | NOK 3.7b | NOK 401.0m | 127.6x | 30.6x | 3.3x |
| Thu, 07 Sep 2023 | NOK 14.3b | NOK 3.7b | NOK 401.0m | 155.2x | 35.6x | 3.8x |
| Sat, 05 Aug 2023 | NOK 16.6b | NOK 3.6b | -NOK 275,509,189.00 | 13.8x | -60.3x | 4.7x |
| Mon, 03 Jul 2023 | NOK 15.6b | NOK 3.5b | -NOK 263,735,759.00 | 15.8x | -59.1x | 4.5x |
| Wed, 31 May 2023 | NOK 16.2b | NOK 3.5b | -NOK 274,591,076.00 | 15.5x | -59x | 4.7x |
| Fri, 28 Apr 2023 | NOK 14.8b | NOK 3.3b | -NOK 1,372,431,892.00 | 25.6x | -10.8x | 4.5x |
| Sun, 26 Mar 2023 | NOK 13.9b | NOK 3.7b | -NOK 1,435,776,027.00 | 24.4x | -9.7x | 3.8x |
| Tue, 21 Feb 2023 | NOK 16.4b | NOK 3.7b | -NOK 1,432,942,785.00 | 27.8x | -11.4x | 4.4x |
| Thu, 19 Jan 2023 | NOK 18.6b | NOK 3.6b | -NOK 984,693,521.00 | 61.2x | -18.9x | 5.1x |
| Sat, 17 Dec 2022 | NOK 18.1b | NOK 3.6b | -NOK 982,761,657.00 | 64.4x | -18.5x | 5x |
| Mon, 14 Nov 2022 | NOK 19.6b | NOK 3.6b | -NOK 964,358,957.00 | 66.9x | -20.3x | 5.5x |
| Wed, 12 Oct 2022 | NOK 15.6b | NOK 3.6b | -NOK 1,148,041,318.00 | n/a | -13.6x | 4.4x |
| Fri, 09 Sep 2022 | NOK 22.1b | NOK 3.5b | -NOK 1,142,196,369.00 | n/a | -19.4x | 6.2x |
| Sun, 07 Aug 2022 | NOK 23.6b | NOK 3.4b | -NOK 1,112,130,943.00 | 16x | -21.2x | 6.9x |
| Tue, 05 Jul 2022 | NOK 19.6b | NOK 3.5b | -NOK 922,446,636.00 | 14.8x | -21.2x | 5.7x |
| Thu, 02 Jun 2022 | NOK 20.5b | NOK 3.4b | -NOK 897,105,906.00 | 18x | -22.8x | 6x |
| Sat, 30 Apr 2022 | NOK 24.0b | NOK 3.3b | NOK 319.8m | 27.2x | 75x | 7.2x |
| Mon, 28 Mar 2022 | NOK 41.7b | NOK 3.3b | NOK 319.8m | 30x | 130.4x | 12.6x |
| Wed, 23 Feb 2022 | NOK 33.3b | NOK 3.3b | NOK 354.8m | 27.5x | 94x | 10x |
Price to Earnings Ratio
94x
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 52.2x.
- The 3-year average PS ratio of 4.8x is higher than the industry's current PS ratio of 3.4x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have grown 63% per year over the last three years.
- Revenues for these companies have grown 16% 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 | -0.26% | |
| Utilities | 0.53% | |
| Renewable Energy | -0.93% | |
| Independent Power Producers and Energy Traders | 0% | 0 |
| Renewable Energy | -0.93% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 52.2x.
- Analysts are expecting annual earnings decline of 30.3%, which is lower than the prior year's growth of 12.9% per year.
- Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 52.2x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Renewable Energy industry since they expect its earnings to decline by only 30% 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 13% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings decline by 30% 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 | |
|---|---|---|---|---|---|
| EAM EAM Solar | NOK 0.49 | 339.5% +NOK 57.9m | -97.1% | PS5.1x | |
| SCATC Scatec | NOK 78.15 | 0.3% +NOK 31.8m | 7.9% | PE9.5x |