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Norwegian (OSEAX) Renewable Energy Industry Analysis

UpdatedJul 26, 2024
DataAggregated Company Financials
Companies8
  • 7D1.1%
  • 3M17.0%
  • 1Y2.5%
  • YTD6.5%

The Renewable Energy industry is up 1.1% in the last week, with Magnora up 3.1%. The industry has been flat over the past 12 months despite the gain this week. Looking forward, earnings are forecast to decline by 11% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jul 2024NOK 17.7bNOK 4.4bNOK 645.7m20.6x27.5x4x
Sun, 23 Jun 2024NOK 17.9bNOK 4.4bNOK 651.2m20.1x27.6x4.1x
Tue, 21 May 2024NOK 15.4bNOK 4.4bNOK 753.3m13.9x20.5x3.5x
Thu, 18 Apr 2024NOK 14.4bNOK 4.0bNOK 683.2m13.6x21x3.6x
Sat, 16 Mar 2024NOK 13.9bNOK 3.9bNOK 721.4m13.4x19.3x3.5x
Mon, 12 Feb 2024NOK 14.6bNOK 4.2bNOK 897.0m12.1x16.3x3.5x
Wed, 10 Jan 2024NOK 15.6bNOK 4.0bNOK 94.6m7x165.4x3.9x
Fri, 08 Dec 2023NOK 15.9bNOK 4.0bNOK 89.3m6.6x178.6x4x
Sun, 05 Nov 2023NOK 14.5bNOK 4.1bNOK 90.0m6.9x161.5x3.5x
Tue, 03 Oct 2023NOK 13.7bNOK 3.7bNOK 400.8m141.1x34.2x3.7x
Thu, 31 Aug 2023NOK 14.9bNOK 3.7bNOK 410.8m165.4x36.4x4x
Sat, 29 Jul 2023NOK 17.2bNOK 3.5b-NOK 265,348,640.0014.3x-64.7x4.8x
Mon, 26 Jun 2023NOK 15.2bNOK 3.5b-NOK 264,434,772.0015.9x-57.5x4.4x
Wed, 24 May 2023NOK 16.1bNOK 3.5b-NOK 289,247,854.0015.1x-55.5x4.6x
Fri, 21 Apr 2023NOK 14.7bNOK 3.7b-NOK 1,460,591,960.0025.7x-10.1x4x
Sun, 19 Mar 2023NOK 14.3bNOK 3.7b-NOK 1,437,998,105.0025.3x-10x3.9x
Tue, 14 Feb 2023NOK 17.3bNOK 3.6b-NOK 1,492,336,662.0062.1x-11.6x4.8x
Thu, 12 Jan 2023NOK 18.3bNOK 3.6b-NOK 986,007,492.0058.8x-18.5x5x
Sat, 10 Dec 2022NOK 18.6bNOK 3.6b-NOK 983,000,063.0065.8x-18.9x5.1x
Mon, 07 Nov 2022NOK 18.2bNOK 3.6b-NOK 964,937,814.0064.6x-18.9x5.1x
Wed, 05 Oct 2022NOK 17.5bNOK 3.6b-NOK 1,147,970,997.00n/a-15.3x4.9x
Fri, 02 Sep 2022NOK 21.9bNOK 3.5b-NOK 1,122,848,972.00n/a-19.5x6.2x
Sun, 31 Jul 2022NOK 23.9bNOK 3.4b-NOK 1,111,423,153.0016.4x-21.5x7x
Tue, 28 Jun 2022NOK 19.7bNOK 3.5b-NOK 922,215,518.0016.1x-21.3x5.7x
Thu, 26 May 2022NOK 20.6bNOK 3.4b-NOK 897,562,426.0018.2x-22.9x6x
Sat, 23 Apr 2022NOK 25.4bNOK 3.3bNOK 320.3m29x79.2x7.7x
Mon, 21 Mar 2022NOK 39.3bNOK 3.3bNOK 334.8m31.5x117.4x11.9x
Wed, 16 Feb 2022NOK 34.2bNOK 3.2bNOK 372.0m28.3x91.9x10.6x
Fri, 14 Jan 2022NOK 43.9bNOK 3.1b-NOK 331,678,493.006.6x-132.5x14.1x
Sun, 12 Dec 2021NOK 48.4bNOK 3.1b-NOK 310,038,329.006.5x-156x15.5x
Tue, 09 Nov 2021NOK 52.5bNOK 3.0b-NOK 396,939,747.0037.2x-132.3x17.5x
Thu, 07 Oct 2021NOK 48.1bNOK 2.9b-NOK 624,874,439.0032.3x-77x16.5x
Sat, 04 Sep 2021NOK 51.1bNOK 2.9b-NOK 578,818,153.3533.6x-88.2x17.7x
Mon, 02 Aug 2021NOK 50.2bNOK 2.9b-NOK 578,818,153.3533.6x-86.7x17.4x
Price to Earnings Ratio

-86.7x


Total Market Cap: NOK 50.2bTotal Earnings: -NOK 578,818,153.35Total Revenue: NOK 2.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Renewable Energy Industry Price to Earnings3Y Average 6.5x202220232024
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 27.5x which is higher than its 3-year average PE of 6.5x.
  • The 3-year average PS ratio of 7.1x is higher than the industry's current PS ratio of 4.0x.
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 15% 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-1.27%
Utilities0.29%
Renewable Energy1.11%
Renewable Energy1.11%
Independent Power Producers and Energy Traders0%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 6.5x.
    • Analysts are expecting annual earnings decline of 11.4%, which is less than its past year's earnings decline of 57.4%.
  • 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 6.5x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Renewable Energy industry since they expect its earnings to decline by only 11% per year over the next 5 years, which isn't as bad as the other industries.
  • This is an improvement from its past earnings decline of 57% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings decline by 11% 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 31.803.1%
+NOK 62.5m		6.7%PE57.9x
EAM EAM SolarNOK 2.4824.6%
+NOK 3.4m		-49.4%PS1.4x
ENERG EnergeiaNOK 0.992.1%
+NOK 2.4m		-42.4%PS1.8x
MPCES MPC Energy SolutionsNOK 12.500.8%
+NOK 2.2m		12.1%PS2.5x
AEGA AegaNOK 1.722.1%
+NOK 832.7k		-25.4%PS1x
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Latest News

MGN

NOK 31.80

Magnora

7D

3.1%

1Y

6.7%

SCATC

NOK 86.55

Scatec

7D

-0.3%

1Y

4.1%

Scatec (OB:SCATC) Has A Somewhat Strained Balance Sheet

Jul 16
Scatec (OB:SCATC) Has A Somewhat Strained Balance Sheet

CLOUD

NOK 11.32

Cloudberry Clean Energy

7D

-0.7%

1Y

-0.7%

EAM

NOK 2.48

EAM Solar

7D

24.6%

1Y

-49.4%

AEGA

NOK 1.72

Aega

7D

2.1%

1Y

-25.4%

NSOL

NOK 0.26

Norsk Renewables

7D

-0.8%

1Y

-84.1%

ENERG

NOK 0.99

Energeia

7D

2.1%

1Y

-42.4%

ALT

NOK 2.75

Alternus Energy Group

7D

-5.2%

1Y

-71.6%

MPCES

NOK 12.50

MPC Energy Solutions

7D

0.8%

1Y

12.1%