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Norwegian (OSEAX) Renewable Energy Industry Analysis

UpdatedJul 14, 2025
DataAggregated Company Financials
Companies6
  • 7D0.4%
  • 3M23.6%
  • 1Y1.9%
  • YTD9.9%

In the last week, Renewable Energy has been flat. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to decline by 14% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 14 Jul 2025NOK 21.6bNOK 5.4bNOK 2.3b7.1x9.2x4x
Wed, 11 Jun 2025NOK 19.4bNOK 5.4bNOK 2.3b6.3x8.3x3.6x
Fri, 09 May 2025NOK 19.5bNOK 5.0bNOK 1.5b10.4x13.1x3.9x
Sun, 06 Apr 2025NOK 16.6bNOK 5.0bNOK 1.5b8.9x10.8x3.3x
Tue, 04 Mar 2025NOK 17.7bNOK 5.0bNOK 1.5b9.6x11.4x3.6x
Thu, 30 Jan 2025NOK 18.0bNOK 5.0bNOK 2.0b6.2x9.2x3.6x
Sat, 28 Dec 2024NOK 18.3bNOK 5.0bNOK 2.0b6.4x9.4x3.6x
Mon, 25 Nov 2024NOK 17.9bNOK 5.0bNOK 2.0b6.1x9.2x3.5x
Wed, 23 Oct 2024NOK 18.6bNOK 4.7bNOK 319.3m23.1x58.2x4x
Fri, 20 Sep 2024NOK 16.9bNOK 4.7bNOK 35.5m42.4x475.4x3.6x
Sun, 18 Aug 2024NOK 17.4bNOK 4.8bNOK 253.5m42.4x68.8x3.6x
Tue, 16 Jul 2024NOK 19.6bNOK 4.4bNOK 826.8m19.8x23.8x4.4x
Thu, 13 Jun 2024NOK 16.8bNOK 4.4bNOK 649.7m18.9x25.9x3.8x
Sat, 11 May 2024NOK 15.9bNOK 4.4bNOK 751.9m14.2x21.1x3.6x
Mon, 08 Apr 2024NOK 15.0bNOK 4.0bNOK 685.7m14.3x21.8x3.8x
Wed, 06 Mar 2024NOK 14.1bNOK 4.0bNOK 723.2m13.5x19.5x3.6x
Fri, 02 Feb 2024NOK 16.1bNOK 4.2bNOK 897.8m13.2x17.9x3.9x
Sun, 31 Dec 2023NOK 17.1bNOK 4.0bNOK 96.2m7.5x177.9x4.3x
Tue, 28 Nov 2023NOK 14.6bNOK 4.0bNOK 82.7m6.6x176.9x3.6x
Thu, 26 Oct 2023NOK 12.6bNOK 3.7bNOK 397.2m133.2x31.8x3.4x
Sat, 23 Sep 2023NOK 14.1bNOK 3.7bNOK 401.2m153.8x35.2x3.8x
Mon, 21 Aug 2023NOK 15.9bNOK 3.6bNOK 9.9m5.6x1595.5x4.4x
Wed, 19 Jul 2023NOK 16.6bNOK 3.5b-NOK 255,479,338.0034.5x-64.9x4.7x
Fri, 16 Jun 2023NOK 15.8bNOK 3.5b-NOK 261,956,141.0015.7x-60.2x4.5x
Sun, 14 May 2023NOK 15.7bNOK 3.5b-NOK 285,115,315.0013.8x-55x4.5x
Tue, 11 Apr 2023NOK 15.8bNOK 3.7b-NOK 1,458,099,015.0027.2x-10.8x4.2x
Thu, 09 Mar 2023NOK 14.7bNOK 3.7b-NOK 1,435,696,139.0026.9x-10.2x4x
Sat, 04 Feb 2023NOK 18.1bNOK 3.6b-NOK 990,126,087.0057.8x-18.3x5x
Mon, 02 Jan 2023NOK 17.5bNOK 3.6b-NOK 982,097,293.0060.2x-17.9x4.9x
Wed, 30 Nov 2022NOK 18.1bNOK 3.6b-NOK 971,996,384.0064.3x-18.6x5x
Fri, 28 Oct 2022NOK 16.6bNOK 3.6b-NOK 1,076,864,031.0062.4x-15.4x4.6x
Sun, 25 Sep 2022NOK 19.8bNOK 3.6b-NOK 1,146,692,744.00n/a-17.3x5.6x
Tue, 23 Aug 2022NOK 22.4bNOK 3.5b-NOK 1,146,274,911.00n/a-19.6x6.3x
Thu, 21 Jul 2022NOK 21.7bNOK 3.5b-NOK 922,586,515.0016.1x-23.5x6.3x
Price to Earnings Ratio

-23.5x


Total Market Cap: NOK 21.7bTotal Earnings: -NOK 922,586,515.00Total Revenue: NOK 3.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Renewable Energy Industry Price to Earnings3Y Average 48x202320242025
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 9.2x which is lower than its 3-year average PE of 48.0x.
  • The industry is trading close to its 3-year average PS ratio of 4.2x.
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 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 Market-0.0056%
Utilities0.053%
Renewable Energy0.45%
Renewable Energy0.45%
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 48.0x.
    • Analysts are expecting annual earnings decline of 14.1%, 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 48.0x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Renewable Energy industry since they expect its earnings to decline by only 14% 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 14% 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 98.350.5%
+NOK 79.5m		12.1%PE7.1x
NOFIN Nordic FinancialsNOK 0.016-13.4%
NOK 31.2m		-99.1%PE-4.7x
MPCES MPC Energy SolutionsNOK 10.756.4%
+NOK 14.5m		-14.3%PS2x
CLOUD Cloudberry Clean EnergyNOK 12.760.3%
+NOK 12.7m		11.9%PE56.2x
ENERG EnergeiaNOK 0.118.0%
+NOK 9.5m		-88.8%PS1.9x

Latest News

ALT
NOK 0.20
Alternus Energy Group
7D
-0.3%
1Y
-93.3%
SCATC
NOK 98.35
Scatec
7D
0.5%
1Y
12.1%
MGN
NOK 24.20
Magnora
7D
-1.0%
1Y
-15.8%
EAM
NOK 2.28
EAM Solar
7D
-18.3%
1Y
-95.4%
ENERG
NOK 0.11
Energeia
7D
8.0%
1Y
-88.8%
NOFIN
NOK 0.016
Nordic Financials
7D
-13.4%
1Y
-99.1%
CLOUD
NOK 12.76
Cloudberry Clean Energy
7D
0.3%
1Y
11.9%
MPCES
NOK 10.75
MPC Energy Solutions
7D
6.4%
1Y
-14.3%