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Norwegian (OSEAX) Renewable Energy Industry Analysis

UpdatedNov 25, 2023
DataAggregated Company Financials
Companies7
  • 7D-0.002%
  • 3M-5.3%
  • 1Y-20.5%
  • YTD-15.7%

In the last week, the Renewable Energy industry is flat overall, with Cloudberry Clean Energy standing out by going down 4.6%. Unfortunately though, the industry is down 21% over the past 12 months. Earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 25 Nov 2023kr14.5bkr4.0bkr82.4m6.5x175.3x3.6x
Mon, 23 Oct 2023kr12.8bkr3.7bkr398.3m136.3x32.2x3.5x
Wed, 20 Sep 2023kr14.4bkr3.7bkr400.9m157.7x35.9x3.9x
Fri, 18 Aug 2023kr16.1bkr3.8bkr10.7m5.7x1513.9x4.2x
Sun, 16 Jul 2023kr16.8bkr3.5b-kr255,491,194.0034.5x-65.6x4.7x
Tue, 13 Jun 2023kr16.5bkr3.5b-kr263,309,781.0016.4x-62.5x4.7x
Thu, 11 May 2023kr15.2bkr3.4b-kr400,851,497.0026.4x-38x4.4x
Sat, 08 Apr 2023kr15.8bkr3.7b-kr1,458,092,618.0027.2x-10.8x4.2x
Mon, 06 Mar 2023kr15.5bkr3.7b-kr1,432,326,319.0027.3x-10.8x4.2x
Wed, 01 Feb 2023kr17.7bkr3.6b-kr987,245,273.0057.4x-18x4.9x
Fri, 30 Dec 2022kr17.7bkr3.6b-kr983,018,940.0060.8x-18x4.9x
Sun, 27 Nov 2022kr18.4bkr3.6b-kr970,610,028.0066.5x-19x5.1x
Tue, 25 Oct 2022kr16.2bkr3.6b-kr1,147,546,101.00n/a-14.1x4.6x
Thu, 22 Sep 2022kr20.2bkr3.6b-kr1,144,548,291.00n/a-17.7x5.7x
Sat, 20 Aug 2022kr22.8bkr3.5b-kr1,146,570,827.00n/a-19.9x6.5x
Mon, 18 Jul 2022kr20.8bkr3.5b-kr923,535,833.0015.2x-22.6x6x
Wed, 15 Jun 2022kr18.2bkr3.5b-kr897,761,144.0016x-20.2x5.3x
Fri, 13 May 2022kr20.1bkr3.4b-kr839,320,749.006.8x-23.9x6x
Sun, 10 Apr 2022kr27.9bkr3.3bkr319.6m32.1x87.2x8.4x
Tue, 08 Mar 2022kr33.6bkr3.3bkr334.8m27.5x100.3x10.1x
Thu, 03 Feb 2022kr37.9bkr3.1b-kr331,583,623.006.6x-114.2x12.1x
Sat, 01 Jan 2022kr50.3bkr3.1b-kr311,094,266.007.1x-161.7x16.2x
Mon, 29 Nov 2021kr52.5bkr3.1b-kr300,192,025.0021.6x-174.9x16.9x
Wed, 27 Oct 2021kr52.0bkr2.9b-kr577,756,630.0030.6x-90.1x18.1x
Fri, 24 Sep 2021kr52.5bkr2.9b-kr578,522,854.0034.6x-90.8x18.2x
Sun, 22 Aug 2021kr49.1bkr2.9b-kr578,818,153.3534.3x-84.9x17.1x
Fri, 09 Jul 2021kr58.0bkr2.9b-kr578,818,153.3532.3x-100.1x20.1x
Thu, 01 Apr 2021kr62.8bkr2.9b-kr781,686,358.92n/a-80.4x22x
Sun, 03 Jan 2021kr55.9bkr2.8b-kr515,635,365.10n/a-108.3x20x
Price to Earnings Ratio

824.5x


Total Market Cap: kr45.0bTotal Earnings: kr54.6mTotal Revenue: kr2.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Renewable Energy Industry Price to Earnings3Y Average -4.7x202120222023
Current Industry PE
  • Investors are optimistic on the Norwegian Renewable Electricity industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 175x which is higher than its 3-year average PE of -5.0x.
  • The 3-year average PS ratio of 10.8x is higher than the industry's current PS ratio of 3.5x.
Past Earnings Growth
  • The earnings for companies in the Renewable Electricity industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 15% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Norwegian Renewable Energy compare with similar industries?

NO Market1.20%
Utilities-0.098%
Renewable Energy-0.0017%
Renewable Energy-0.0017%
Independent Power Producers and Energy Traders0%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
EAM EAM Solarkr18.6066.1%
+kr50.7m
176.8%PS10.8x
ENERG Energeiakr1.754.8%
+kr9.5m
n/aPS2.7x
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Latest News

SCATC

kr68.25

Scatec

7D

-0.3%

1Y

-17.9%

CLOUD

kr9.96

Cloudberry Clean Energy

7D

-0.3%

1Y

-27.2%

EAM

kr18.60

EAM Solar

7D

66.1%

1Y

176.8%

ENERG

kr1.75

Energeia

7D

4.8%

1Y

n/a

MPCES

kr9.80

MPC Energy Solutions

7D

-3.0%

1Y

-32.8%

NSOL

kr1.60

Norsk Solar

7D

-8.6%

1Y

-58.7%

ALT

kr8.08

Alternus Energy Group

7D

-1.0%

1Y

-59.3%