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Norwegian (OSEAX) Renewable Energy Industry Analysis

UpdatedNov 22, 2025
DataAggregated Company Financials
Companies7
  • 7D-2.8%
  • 3M-8.4%
  • 1Y-0.08%
  • YTD-2.4%

Over the last 7 days, the Renewable Energy industry has dropped 2.8%, driven by Scatec declining 3.4%. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 22 Nov 2025NOK 21.2bNOK 4.4bNOK 684.7m49.4x30.9x4.8x
Mon, 20 Oct 2025NOK 20.9bNOK 4.5bNOK 2.2b6x9.4x4.6x
Wed, 17 Sep 2025NOK 21.0bNOK 4.5bNOK 2.2b6.3x9.4x4.6x
Fri, 15 Aug 2025NOK 20.2bNOK 5.3bNOK 2.1b7.2x9.9x3.8x
Sun, 13 Jul 2025NOK 21.6bNOK 5.4bNOK 2.3b7.1x9.2x4x
Tue, 10 Jun 2025NOK 19.3bNOK 5.4bNOK 2.3b6.2x8.2x3.6x
Thu, 08 May 2025NOK 18.7bNOK 5.0bNOK 1.5b9.8x12.5x3.7x
Sat, 05 Apr 2025NOK 16.6bNOK 5.0bNOK 1.5b8.9x10.8x3.3x
Mon, 03 Mar 2025NOK 18.0bNOK 5.0bNOK 1.5b9.8x11.7x3.6x
Wed, 29 Jan 2025NOK 17.7bNOK 5.0bNOK 2.0b6.2x9.1x3.5x
Fri, 27 Dec 2024NOK 18.3bNOK 5.0bNOK 2.0b6.4x9.4x3.6x
Sun, 24 Nov 2024NOK 17.9bNOK 5.0bNOK 2.0b6.1x9.2x3.5x
Tue, 22 Oct 2024NOK 18.7bNOK 4.7bNOK 318.7m23.5x58.7x4x
Thu, 19 Sep 2024NOK 16.8bNOK 4.7bNOK 34.1m42.3x493.5x3.6x
Sat, 17 Aug 2024NOK 17.4bNOK 4.4bNOK 610.5m20.8x28.6x3.9x
Mon, 15 Jul 2024NOK 19.8bNOK 4.4bNOK 827.7m20.2x24x4.5x
Wed, 12 Jun 2024NOK 16.8bNOK 4.4bNOK 648.8m18.9x26x3.8x
Fri, 10 May 2024NOK 15.9bNOK 4.4bNOK 751.2m14.1x21.1x3.6x
Sun, 07 Apr 2024NOK 15.0bNOK 4.0bNOK 685.7m14.3x21.8x3.8x
Tue, 05 Mar 2024NOK 14.0bNOK 4.0bNOK 723.2m13.5x19.4x3.5x
Thu, 01 Feb 2024NOK 16.1bNOK 4.2bNOK 897.2m13.2x17.9x3.9x
Sat, 30 Dec 2023NOK 17.1bNOK 4.0bNOK 96.6m7.5x177.4x4.3x
Mon, 27 Nov 2023NOK 14.5bNOK 4.0bNOK 82.3m6.5x175.5x3.6x
Wed, 25 Oct 2023NOK 12.3bNOK 3.7bNOK 397.7m137.3x31x3.3x
Fri, 22 Sep 2023NOK 14.2bNOK 3.7bNOK 400.8m152.9x35.4x3.8x
Sun, 20 Aug 2023NOK 15.9bNOK 3.6bNOK 9.9m5.6x1595.5x4.4x
Tue, 18 Jul 2023NOK 16.0bNOK 3.5b-NOK 255,274,742.0034.4x-62.8x4.5x
Thu, 15 Jun 2023NOK 16.0bNOK 3.5b-NOK 262,243,452.0016.4x-61x4.6x
Sat, 13 May 2023NOK 15.7bNOK 3.5b-NOK 285,209,351.0013.8x-55x4.5x
Mon, 10 Apr 2023NOK 15.8bNOK 3.7b-NOK 1,458,099,015.0027.2x-10.8x4.2x
Wed, 08 Mar 2023NOK 14.9bNOK 3.7b-NOK 1,436,177,832.0026.9x-10.4x4x
Fri, 03 Feb 2023NOK 19.0bNOK 3.6b-NOK 988,212,978.0058.4x-19.2x5.2x
Sun, 01 Jan 2023NOK 17.7bNOK 3.6b-NOK 982,097,293.0060.2x-18x4.9x
Tue, 29 Nov 2022NOK 18.0bNOK 3.6b-NOK 972,087,969.0063.4x-18.5x5x
Price to Earnings Ratio

-18.5x


Total Market Cap: NOK 18.0bTotal Earnings: -NOK 972,087,969.00Total Revenue: NOK 3.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Renewable Energy Industry Price to Earnings3Y Average 51.9x202320242025
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 31.5x which is lower than its 3-year average PE of 51.9x.
  • The 3-year average PS ratio of 4.0x is lower than the industry's current PS ratio of 4.9x.
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 7.1% 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-1.87%
Utilities-2.14%
Renewable Energy-2.77%
Independent Power Producers and Energy Traders0%0
Renewable Energy-2.77%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 51.9x.
    • Analysts are expecting annual earnings growth of 27.0%, which is higher than its past year's earnings decline of 53.0% per year.
  • Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 51.9x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings decline of 53% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings grow by 27% 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
CLOUD Cloudberry Clean EnergyNOK 12.520.2%
+NOK 6.4m		13.0%PE81.3x

Latest News

SCATC
NOK 98.00
Scatec
7D
-3.4%
1Y
22.7%
MPCES
NOK 12.80
MPC Energy Solutions
7D
-2.3%
1Y
33.3%
CLOUD
NOK 12.52
Cloudberry Clean Energy
7D
0.2%
1Y
13.0%

There Are Some Holes In Cloudberry Clean Energy's (OB:CLOUD) Solid Earnings Release

Nov 12
There Are Some Holes In Cloudberry Clean Energy's (OB:CLOUD) Solid Earnings Release
MGN
NOK 19.00
Magnora
7D
-3.5%
1Y
-23.7%
EAM
NOK 0.95
EAM Solar
7D
-2.6%
1Y
-71.7%
NOFIN
NOK 1.92
Nordic Financials
7D
-1.0%
1Y
-97.4%
ENERG
NOK 0.029
Energeia
7D
-4.9%
1Y
-95.9%