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Norwegian (OSEAX) Renewable Energy Industry Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies7
  • 7D0.7%
  • 3M1.8%
  • 1Y9.6%
  • YTD0.7%

Over the last 7 days, the Renewable Energy industry has remained flat. As for the the longer term, the industry is up 9.6% over the past 12 months. As for the next few years, earnings are expected to grow by 27% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 11 Jan 2026NOK 23.1bNOK 4.4bNOK 682.5m50.7x33.9x5.2x
Tue, 09 Dec 2025NOK 21.9bNOK 4.4bNOK 686.0m49.8x31.9x5x
Thu, 06 Nov 2025NOK 22.0bNOK 4.3bNOK 700.8m50.1x31.4x5.1x
Sat, 04 Oct 2025NOK 20.4bNOK 4.5bNOK 2.2b6x9.2x4.5x
Mon, 01 Sep 2025NOK 21.5bNOK 4.6bNOK 2.2b6.4x9.6x4.7x
Wed, 30 Jul 2025NOK 21.2bNOK 5.3bNOK 2.0b7.5x10.5x4x
Fri, 27 Jun 2025NOK 20.4bNOK 5.4bNOK 2.3b6.7x8.7x3.8x
Sun, 25 May 2025NOK 19.4bNOK 5.3bNOK 2.3b6.2x8.3x3.6x
Tue, 22 Apr 2025NOK 17.4bNOK 5.0bNOK 1.5b9.1x11.3x3.5x
Thu, 20 Mar 2025NOK 17.8bNOK 5.0bNOK 1.5b9.8x11.6x3.6x
Sat, 15 Feb 2025NOK 17.7bNOK 5.2bNOK 1.6b9.5x11.4x3.4x
Mon, 13 Jan 2025NOK 18.0bNOK 5.0bNOK 2.0b6.2x9.2x3.6x
Wed, 11 Dec 2024NOK 18.2bNOK 5.0bNOK 2.0b6.2x9.3x3.6x
Fri, 08 Nov 2024NOK 18.2bNOK 5.0bNOK 1.9b6.1x9.4x3.6x
Sun, 06 Oct 2024NOK 16.9bNOK 4.7bNOK 33.9m41.5x500.5x3.6x
Tue, 03 Sep 2024NOK 16.7bNOK 4.7bNOK 34.8m40.7x481.2x3.6x
Thu, 01 Aug 2024NOK 17.9bNOK 4.4bNOK 647.1m20.7x27.7x4.1x
Sat, 29 Jun 2024NOK 19.6bNOK 4.4bNOK 828.9m20.4x23.7x4.4x
Mon, 27 May 2024NOK 15.5bNOK 4.3bNOK 746.2m14x20.8x3.6x
Wed, 24 Apr 2024NOK 14.3bNOK 4.0bNOK 684.0m13.6x20.9x3.6x
Fri, 22 Mar 2024NOK 14.7bNOK 3.9bNOK 718.0m14x20.4x3.7x
Sun, 18 Feb 2024NOK 14.8bNOK 4.0bNOK 729.4m14.1x20.3x3.8x
Tue, 16 Jan 2024NOK 15.4bNOK 4.0bNOK 94.4m6.7x163.4x3.8x
Thu, 14 Dec 2023NOK 15.3bNOK 4.0bNOK 88.8m6.7x172.2x3.8x
Sat, 11 Nov 2023NOK 13.4bNOK 4.0bNOK 89.1m6.6x150.5x3.3x
Mon, 09 Oct 2023NOK 11.9bNOK 3.7bNOK 399.7m122.7x29.8x3.2x
Wed, 06 Sep 2023NOK 14.5bNOK 3.7bNOK 401.2m156.2x36.1x3.9x
Fri, 04 Aug 2023NOK 16.9bNOK 3.6b-NOK 276,521,582.0014.3x-61.1x4.8x
Sun, 02 Jul 2023NOK 15.6bNOK 3.5b-NOK 263,735,759.0015.8x-59.1x4.5x
Tue, 30 May 2023NOK 15.9bNOK 3.5b-NOK 273,654,892.0015.8x-58.3x4.6x
Thu, 27 Apr 2023NOK 14.5bNOK 3.3b-NOK 1,372,515,421.0025.4x-10.6x4.4x
Sat, 25 Mar 2023NOK 13.9bNOK 3.7b-NOK 1,436,202,318.0024.4x-9.7x3.8x
Mon, 20 Feb 2023NOK 16.2bNOK 3.7b-NOK 1,433,872,621.0028.1x-11.3x4.4x
Wed, 18 Jan 2023NOK 18.9bNOK 3.6b-NOK 984,212,192.0058.9x-19.2x5.2x
Price to Earnings Ratio

-19.2x


Total Market Cap: NOK 18.9bTotal Earnings: -NOK 984,212,192.00Total Revenue: NOK 3.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Renewable Energy Industry Price to Earnings3Y Average 54.2x202420252026
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 33.9x which is lower than its 3-year average PE of 54.2x.
  • The 3-year average PS ratio of 4.0x is lower than the industry's current PS ratio of 5.2x.
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 6.9% 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-0.15%
Utilities0.57%
Renewable Energy0.72%
Renewable Energy0.72%
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 54.2x.
    • Analysts are expecting annual earnings growth of 26.8%, 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 54.2x.
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
SCATC ScatecNOK 108.900.9%
+NOK 158.9m		39.3%PE19.4x
MGN MagnoraNOK 21.457.6%
+NOK 96.5m		-19.4%PS26.6x

Latest News

MGN
NOK 21.45
Magnora
7D
7.6%
1Y
-19.4%
SCATC
NOK 108.90
Scatec
7D
0.9%
1Y
39.3%

SCATC: Long-Term Power Contracts Will Support Future Cash Flow Visibility

Analysts have lifted their price target for Scatec to NOK 121. This update reflects refreshed assumptions around discount rate, revenue growth, profit margin and future P/E that support the recent shift in Street research sentiment toward the stock.
ENERG
NOK 7.90
Energeia
7D
-2.4%
1Y
-94.7%
CLOUD
NOK 12.62
Cloudberry Clean Energy
7D
-2.0%
1Y
4.6%
MPCES
NOK 13.15
MPC Energy Solutions
7D
-1.5%
1Y
35.0%
EAM
NOK 0.94
EAM Solar
7D
-2.1%
1Y
-36.1%
NOFIN
NOK 1.77
Nordic Financials
7D
-0.6%
1Y
-97.6%