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Norwegian (OSEAX) Renewable Energy Industry Analysis
UpdatedJun 24, 2022
DataAggregated Company Financials
Companies7
- 7D5.3%
- 3M-27.1%
- 1Y-53.7%
- YTD-37.4%
In the last week, the Renewable Energy industry is up 5.3%, with Scatec up 9.4%. During this same period, the Cloudberry Clean Energy underperformed, falling 8.1%. However, the industry is down 54% over the past year. Earnings are forecast to grow by 67% annually.
Industry Valuation and Performance
Has the Norwegian Renewable Energy Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Sat, 25 Jun 2022 | kr19.2b | kr3.5b | -kr922,997,718.00 | 15.7x |
| Mon, 23 May 2022 | kr20.4b | kr3.4b | -kr868,225,996.00 | 17.6x |
| Wed, 20 Apr 2022 | kr25.9b | kr3.3b | kr319.5m | 29.8x |
| Fri, 18 Mar 2022 | kr39.6b | kr3.3b | kr335.2m | 32.1x |
| Sun, 13 Feb 2022 | kr34.7b | kr3.2b | kr371.5m | 28.3x |
| Tue, 11 Jan 2022 | kr44.3b | kr3.1b | -kr331,055,189.00 | 6.5x |
| Thu, 09 Dec 2021 | kr48.5b | kr3.1b | -kr310,479,490.00 | 6.3x |
| Sat, 06 Nov 2021 | kr51.9b | kr3.0b | -kr397,010,675.00 | 27.9x |
| Mon, 04 Oct 2021 | kr47.4b | kr2.9b | -kr578,434,121.00 | 32.5x |
| Wed, 01 Sep 2021 | kr51.0b | kr2.9b | -kr578,818,153.35 | 33.6x |
| Thu, 08 Jul 2021 | kr58.0b | kr2.9b | -kr578,818,153.35 | 32.3x |
| Wed, 31 Mar 2021 | kr62.8b | kr2.9b | -kr781,686,358.92 | n/a |
| Sat, 02 Jan 2021 | kr55.9b | kr2.8b | -kr515,635,365.10 | n/a |
| Tue, 06 Oct 2020 | kr30.7b | kr2.7b | kr54.6m | 93.9x |
| Fri, 10 Jul 2020 | kr22.2b | kr2.5b | kr159.0m | 71.9x |
| Thu, 02 Apr 2020 | kr16.7b | kr2.1b | kr254.7m | 37.4x |
| Sun, 05 Jan 2020 | kr15.7b | kr1.8b | -kr51,350,943.81 | n/a |
| Wed, 09 Oct 2019 | kr14.8b | kr1.6b | kr16.5m | 431.6x |
| Tue, 02 Jul 2019 | kr10.0b | kr1.4b | -kr6,836,097.77 | 2437.9x |
Median PE Ratio
2437.9x
Current Industry PE
- Investors are pessimistic on the industry, indicating that they anticipate long-term growth rates will be lower than they have historically.
- The industry's 3-year average PS ratio 12.9x is higher than the industry's current PS ratio of 5.6x.
Past Earnings Growth
- The earnings for companies in the Renewable Electricity industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 35% 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 Comparison
How does Norwegian Renewable Energy compare with similar industries?
| NO Market | -3.42% | |
| Utilities | 4.97% | |
| Renewable Energy | 5.26% | |
| Renewable Energy | 5.26% | |
| Independent Power Producers and Energy Traders | 0% | |
Industry PEThere is insufficient data on the sub-industries of this industry.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SCATC Scatec | kr92.50 | 7.6% +kr1.0b | -60.1% | PS4.8x | |
| ALT Alternus Energy Group | kr21.90 | 9.5% +kr50.1m | -27.0% | PS15.9x | |
| MPCES MPC Energy Solutions | kr18.78 | 4.3% +kr17.4m | -43.1% | PS77.8x | |
| AEGA Aega | kr1.16 | 10.1% +kr8.5m | -45.5% | PS4x | |
| NSOL Norsk Solar | kr4.04 | 0.2% +kr747.7k | -56.1% | PS23.4x |