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Norwegian (OSEAX) Renewable Energy Industry Analysis

UpdatedJun 08, 2025
DataAggregated Company Financials
Companies6
  • 7D-2.8%
  • 3M11.4%
  • 1Y-11.8%
  • YTD-1.7%

Over the last 7 days, the Renewable Energy industry has dropped 2.8%, driven by declines in Scatec and Cloudberry Clean Energy of 2.1% and 7.3%, respectively. However, the industry is down 12% over the past year. Looking forward, earnings are forecast to decline by 12% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Jun 2025NOK 19.3bNOK 5.4bNOK 2.3b6.2x8.2x3.6x
Tue, 06 May 2025NOK 18.5bNOK 5.0bNOK 1.5b9.7x12.5x3.7x
Thu, 03 Apr 2025NOK 17.3bNOK 5.0bNOK 1.5b9.3x11.2x3.5x
Sat, 01 Mar 2025NOK 17.9bNOK 5.0bNOK 1.6b9.8x11.6x3.6x
Mon, 27 Jan 2025NOK 17.4bNOK 5.0bNOK 2.0b6x8.9x3.4x
Wed, 25 Dec 2024NOK 18.3bNOK 5.0bNOK 2.0b6.4x9.4x3.6x
Fri, 22 Nov 2024NOK 17.5bNOK 5.0bNOK 2.0b5.9x9x3.5x
Sun, 20 Oct 2024NOK 18.3bNOK 4.7bNOK 318.9m22.8x57.3x3.9x
Tue, 17 Sep 2024NOK 17.3bNOK 4.7bNOK 34.2m42.9x506.4x3.7x
Thu, 15 Aug 2024NOK 17.9bNOK 4.4bNOK 609.9m20.9x29.4x4.1x
Sat, 13 Jul 2024NOK 19.8bNOK 4.4bNOK 827.7m20.2x24x4.5x
Mon, 10 Jun 2024NOK 17.2bNOK 4.4bNOK 648.4m19.2x26.5x3.9x
Wed, 08 May 2024NOK 15.5bNOK 4.4bNOK 751.3m13.9x20.6x3.6x
Fri, 05 Apr 2024NOK 14.9bNOK 4.0bNOK 685.6m14.3x21.8x3.8x
Sun, 03 Mar 2024NOK 14.1bNOK 4.0bNOK 723.9m13.7x19.5x3.6x
Tue, 30 Jan 2024NOK 15.3bNOK 4.0bNOK 94.1m6.6x162.6x3.8x
Thu, 28 Dec 2023NOK 16.9bNOK 4.0bNOK 96.9m7.3x174.7x4.2x
Sat, 25 Nov 2023NOK 14.5bNOK 4.0bNOK 82.4m6.5x175.3x3.6x
Mon, 23 Oct 2023NOK 12.8bNOK 3.7bNOK 398.3m136.3x32.2x3.5x
Wed, 20 Sep 2023NOK 14.4bNOK 3.7bNOK 400.9m157.7x35.9x3.9x
Fri, 18 Aug 2023NOK 16.1bNOK 3.8bNOK 10.7m5.7x1513.9x4.2x
Sun, 16 Jul 2023NOK 16.8bNOK 3.5b-NOK 255,491,194.0034.5x-65.6x4.7x
Tue, 13 Jun 2023NOK 16.5bNOK 3.5b-NOK 263,309,781.0016.4x-62.5x4.7x
Thu, 11 May 2023NOK 15.2bNOK 3.4b-NOK 400,851,497.0026.4x-38x4.4x
Sat, 08 Apr 2023NOK 15.8bNOK 3.7b-NOK 1,458,092,618.0027.2x-10.8x4.2x
Mon, 06 Mar 2023NOK 15.5bNOK 3.7b-NOK 1,432,326,319.0027.3x-10.8x4.2x
Wed, 01 Feb 2023NOK 17.7bNOK 3.6b-NOK 987,245,273.0057.4x-18x4.9x
Fri, 30 Dec 2022NOK 17.7bNOK 3.6b-NOK 983,018,940.0060.8x-18x4.9x
Sun, 27 Nov 2022NOK 18.4bNOK 3.6b-NOK 970,610,028.0066.5x-19x5.1x
Tue, 25 Oct 2022NOK 16.2bNOK 3.6b-NOK 1,147,546,101.00n/a-14.1x4.6x
Thu, 22 Sep 2022NOK 20.2bNOK 3.6b-NOK 1,144,548,291.00n/a-17.7x5.7x
Sat, 20 Aug 2022NOK 22.8bNOK 3.5b-NOK 1,146,570,827.00n/a-19.9x6.5x
Mon, 18 Jul 2022NOK 20.8bNOK 3.5b-NOK 923,535,833.0015.2x-22.6x6x
Wed, 15 Jun 2022NOK 18.2bNOK 3.5b-NOK 897,761,144.0016x-20.2x5.3x
Price to Earnings Ratio

-20.2x


Total Market Cap: NOK 18.2bTotal Earnings: -NOK 897,761,144.00Total Revenue: NOK 3.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Renewable Energy Industry Price to Earnings3Y Average 47.1x202320242025
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 8.2x which is lower than its 3-year average PE of 47.1x.
  • The 3-year average PS ratio of 4.2x is higher than the industry's current PS ratio of 3.6x.
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 16% 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 Market1.63%
Utilities-2.10%
Renewable Energy-2.83%
Independent Power Producers and Energy Traders0%0
Renewable Energy-2.83%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 47.1x.
    • Analysts are expecting annual earnings decline of 12.3%, which is lower than the prior year's growth of 81.4% per year.
  • Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 47.1x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Renewable Energy industry since they expect its earnings to decline by only 12% 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 81% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings decline by 12% 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 24.801.0%
+NOK 16.0m		-27.1%PE4.9x
ENERG EnergeiaNOK 0.048.1%
+NOK 3.4m		-96.1%PS0.7x
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Latest News

EAM

NOK 1.24

EAM Solar

7D

-4.9%

1Y

-86.4%

NOFIN

NOK 0.018

Nordic Financials

7D

-7.1%

1Y

-99.1%

ENERG

NOK 0.04

Energeia

7D

8.1%

1Y

-96.1%

SCATC

NOK 85.70

Scatec

7D

-2.1%

1Y

0.8%

CLOUD

NOK 11.44

Cloudberry Clean Energy

7D

-7.3%

1Y

7.7%

MGN

NOK 24.80

Magnora

7D

1.0%

1Y

-27.1%

We Don’t Think Magnora's (OB:MGN) Earnings Should Make Shareholders Too Comfortable

May 02
We Don’t Think Magnora's (OB:MGN) Earnings Should Make Shareholders Too Comfortable