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Norwegian (OSEAX) Renewable Energy Industry Analysis
UpdatedApr 21, 2025
DataAggregated Company Financials
Companies7
- 7D3.0%
- 3M-8.5%
- 1Y-4.4%
- YTD-11.7%
The Renewable Energy industry is up 3.0% in the last week, with Scatec up 1.2%. During this same period, the Energeia underperformed, falling 10.0%. In the past year, the industry is down 4.4%. As for the next few years, earnings are forecast to decline by 23% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 21 Apr 2025 | NOK 17.4b | NOK 5.0b | NOK 1.5b | 9.1x | 11.3x | 3.5x |
| Wed, 19 Mar 2025 | NOK 17.7b | NOK 5.0b | NOK 1.5b | 9.8x | 11.5x | 3.6x |
| Fri, 14 Feb 2025 | NOK 17.6b | NOK 5.0b | NOK 1.4b | 7.5x | 12.3x | 3.5x |
| Sun, 12 Jan 2025 | NOK 18.0b | NOK 5.0b | NOK 2.0b | 6.2x | 9.2x | 3.6x |
| Tue, 10 Dec 2024 | NOK 18.3b | NOK 5.0b | NOK 2.0b | 6.2x | 9.4x | 3.6x |
| Thu, 07 Nov 2024 | NOK 18.2b | NOK 5.1b | NOK 1.9b | 5.9x | 9.4x | 3.6x |
| Sat, 05 Oct 2024 | NOK 16.9b | NOK 4.7b | NOK 33.9m | 41.5x | 500.5x | 3.6x |
| Mon, 02 Sep 2024 | NOK 17.1b | NOK 4.7b | NOK 34.6m | 42.1x | 496x | 3.7x |
| Wed, 31 Jul 2024 | NOK 18.0b | NOK 4.4b | NOK 646.6m | 20.9x | 27.8x | 4.1x |
| Fri, 28 Jun 2024 | NOK 17.7b | NOK 4.4b | NOK 650.2m | 20.5x | 27.3x | 4x |
| Sun, 26 May 2024 | NOK 15.5b | NOK 4.3b | NOK 746.2m | 14x | 20.8x | 3.6x |
| Tue, 23 Apr 2024 | NOK 13.8b | NOK 4.0b | NOK 683.0m | 13.2x | 20.2x | 3.5x |
| Thu, 21 Mar 2024 | NOK 14.5b | NOK 3.9b | NOK 721.8m | 13.8x | 20.1x | 3.7x |
| Sat, 17 Feb 2024 | NOK 14.8b | NOK 4.2b | NOK 729.4m | 14.1x | 20.3x | 3.5x |
| Mon, 15 Jan 2024 | NOK 15.7b | NOK 4.0b | NOK 95.1m | 7x | 165.4x | 3.9x |
| Wed, 13 Dec 2023 | NOK 15.2b | NOK 4.0b | NOK 88.2m | 6.3x | 172.6x | 3.8x |
| Fri, 10 Nov 2023 | NOK 13.7b | NOK 4.0b | NOK 89.1m | 6.7x | 153.9x | 3.4x |
| Sun, 08 Oct 2023 | NOK 11.9b | NOK 3.7b | NOK 399.7m | 122.7x | 29.8x | 3.2x |
| Tue, 05 Sep 2023 | NOK 14.6b | NOK 3.7b | NOK 401.6m | 160.5x | 36.5x | 3.9x |
| Thu, 03 Aug 2023 | NOK 17.3b | NOK 3.6b | -NOK 276,855,920.00 | 14.4x | -62.5x | 4.9x |
| Sat, 01 Jul 2023 | NOK 15.6b | NOK 3.5b | -NOK 263,735,759.00 | 15.8x | -59.1x | 4.5x |
| Mon, 29 May 2023 | NOK 15.9b | NOK 3.5b | -NOK 273,654,892.00 | 15.8x | -58.3x | 4.6x |
| Wed, 26 Apr 2023 | NOK 14.5b | NOK 3.3b | -NOK 1,372,630,333.00 | 25.4x | -10.6x | 4.4x |
| Fri, 24 Mar 2023 | NOK 14.4b | NOK 3.7b | -NOK 1,435,008,565.00 | 26x | -10x | 3.9x |
| Sun, 19 Feb 2023 | NOK 16.2b | NOK 3.7b | -NOK 1,433,872,621.00 | 28.1x | -11.3x | 4.4x |
| Tue, 17 Jan 2023 | NOK 18.8b | NOK 3.6b | -NOK 985,194,332.00 | 58.1x | -19.1x | 5.2x |
| Thu, 15 Dec 2022 | NOK 19.6b | NOK 3.6b | -NOK 980,756,779.00 | 66x | -20x | 5.4x |
| Sat, 12 Nov 2022 | NOK 19.6b | NOK 3.6b | -NOK 964,358,957.00 | 66.9x | -20.3x | 5.5x |
| Mon, 10 Oct 2022 | NOK 16.8b | NOK 3.6b | -NOK 1,148,249,452.00 | n/a | -14.6x | 4.7x |
| Wed, 07 Sep 2022 | NOK 21.8b | NOK 3.5b | -NOK 1,140,527,675.00 | n/a | -19.1x | 6.1x |
| Fri, 05 Aug 2022 | NOK 24.0b | NOK 3.4b | -NOK 1,111,733,566.00 | 16.1x | -21.6x | 7x |
| Sun, 03 Jul 2022 | NOK 19.3b | NOK 3.5b | -NOK 922,964,031.00 | 14.9x | -21x | 5.6x |
| Tue, 31 May 2022 | NOK 20.9b | NOK 3.4b | -NOK 896,868,275.00 | 18.2x | -23.3x | 6.1x |
| Thu, 28 Apr 2022 | NOK 24.2b | NOK 3.3b | NOK 319.8m | 27.5x | 75.7x | 7.3x |
Price to Earnings Ratio
75.7x
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 11.3x which is lower than its 3-year average PE of 47.0x.
- The 3-year average PS ratio of 4.4x is higher than the industry's current PS ratio of 3.5x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have grown 69% per year over the last three years.
- Revenues for these companies have grown 14% 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 | 1.11% | |
| Utilities | 2.32% | |
| Renewable Energy | 2.98% | |
| Renewable Energy | 2.98% | |
| Independent Power Producers and Energy Traders | 0% | 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 47.0x.
- Analysts are expecting annual earnings decline of 23.2%, which is lower than the prior year's growth of 48.3% per year.
- Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 47.0x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Renewable Energy industry since they expect its earnings to decline by only 23% 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 48% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings decline by 23% 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 | |
|---|---|---|---|---|---|
| SCATC Scatec | NOK 75.05 | 1.2% +NOK 143.0m | 11.5% | PE9.1x | |
| ALT Alternus Energy Group | NOK 0.50 | 24.3% +NOK 571.8k | -91.0% | PS0.02x |