Norwegian (OSEAX) Renewable Energy Industry Analysis
UpdatedFeb 01, 2023
DataAggregated Company Financials
Companies8
- 7D-4.2%
- 3M2.8%
- 1Y-33.9%
- YTD0.4%
Over the last 7 days, the Renewable Energy industry has dropped 4.2%, driven by Scatec declining 2.2%. Overall the industry is down 34% in 12 months. Looking forward, earnings are forecast to grow by 38% annually.
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 |
|---|---|---|---|---|---|---|
| Thu, 02 Feb 2023 | kr17.7b | kr3.6b | -kr987,245,273.00 | 57.4x | -18x | 4.9x |
| Sat, 31 Dec 2022 | kr17.7b | kr3.6b | -kr982,097,293.00 | 60.2x | -18x | 4.9x |
| Mon, 28 Nov 2022 | kr18.4b | kr3.6b | -kr970,610,028.00 | 66.5x | -19x | 5.1x |
| Wed, 26 Oct 2022 | kr15.8b | kr3.6b | -kr1,146,534,289.00 | n/a | -13.8x | 4.5x |
| Fri, 23 Sep 2022 | kr19.9b | kr3.6b | -kr1,145,448,561.00 | n/a | -17.4x | 5.6x |
| Sun, 21 Aug 2022 | kr22.8b | kr3.5b | -kr1,146,570,827.00 | n/a | -19.9x | 6.5x |
| Tue, 19 Jul 2022 | kr20.8b | kr3.5b | -kr923,535,833.00 | 15.2x | -22.6x | 6x |
| Thu, 16 Jun 2022 | kr18.6b | kr3.5b | -kr923,137,190.00 | 15.3x | -20.2x | 5.4x |
| Sat, 14 May 2022 | kr19.9b | kr3.4b | -kr840,085,869.00 | 6.8x | -23.6x | 5.9x |
| Mon, 11 Apr 2022 | kr27.9b | kr3.3b | kr319.6m | 32.1x | 87.2x | 8.4x |
| Wed, 09 Mar 2022 | kr38.8b | kr3.3b | kr334.8m | 31.6x | 116x | 11.7x |
| Fri, 04 Feb 2022 | kr35.4b | kr3.1b | -kr331,684,589.00 | 6.6x | -106.8x | 11.4x |
| Sun, 02 Jan 2022 | kr50.3b | kr3.1b | -kr310,800,764.00 | 7x | -161.9x | 16.2x |
| Tue, 30 Nov 2021 | kr52.8b | kr3.1b | -kr299,895,568.00 | 21.8x | -176x | 17x |
| Thu, 28 Oct 2021 | kr51.3b | kr2.9b | -kr577,875,706.00 | 29.7x | -88.8x | 17.8x |
| Sat, 25 Sep 2021 | kr51.6b | kr2.9b | -kr578,554,451.00 | 39.5x | -89.2x | 17.9x |
| Mon, 23 Aug 2021 | kr49.5b | kr2.9b | -kr578,818,153.35 | 35.8x | -85.5x | 17.2x |
| Sat, 10 Jul 2021 | kr58.0b | kr2.9b | -kr578,818,153.35 | 32.3x | -100.1x | 20.1x |
| Fri, 02 Apr 2021 | kr62.8b | kr2.9b | -kr781,686,358.92 | n/a | -80.4x | 22x |
| Mon, 04 Jan 2021 | kr55.9b | kr2.8b | -kr515,635,365.10 | n/a | -108.3x | 20x |
| Thu, 08 Oct 2020 | kr30.7b | kr2.7b | kr54.6m | 93.9x | 561.3x | 11.5x |
| Wed, 01 Jul 2020 | kr22.2b | kr2.5b | kr159.0m | 71.9x | 139.7x | 9x |
| Sat, 04 Apr 2020 | kr16.7b | kr2.1b | kr254.7m | 37.4x | 65.4x | 7.8x |
Price to Earnings Ratio
-388x
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 3-year average PS ratio of 12.4x is higher than the industry's current PS ratio of 4.9x.
Past Earnings Growth
- The earnings for companies in the Renewable Energy industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 25% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.
Industry Trends
Which industries have driven the changes within the Norwegian Utilities industry?
| NO Market | 0.26% | |
| Utilities | -3.45% | |
| Renewable Energy | -4.17% | |
| Independent Power Producers and Energy Traders | 0% | |
| Renewable Energy | -4.17% | |
Industry PE
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 38% over the next 5 years.
- In contrast, the Renewable Energy industry is expected to see its earnings grow by 38% 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 | |
|---|---|---|---|---|---|
| NSOL Norsk Solar | kr3.41 | 1.5% +kr3.7m | -41.0% | PS13.3x | |
| AEGA Aega | kr0.94 | 2.9% +kr1.8m | -39.1% | PS2.3x |