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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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 25 Nov 2023 | kr14.5b | kr4.0b | kr82.4m | 6.5x | 175.3x | 3.6x |
| Mon, 23 Oct 2023 | kr12.8b | kr3.7b | kr398.3m | 136.3x | 32.2x | 3.5x |
| Wed, 20 Sep 2023 | kr14.4b | kr3.7b | kr400.9m | 157.7x | 35.9x | 3.9x |
| Fri, 18 Aug 2023 | kr16.1b | kr3.8b | kr10.7m | 5.7x | 1513.9x | 4.2x |
| Sun, 16 Jul 2023 | kr16.8b | kr3.5b | -kr255,491,194.00 | 34.5x | -65.6x | 4.7x |
| Tue, 13 Jun 2023 | kr16.5b | kr3.5b | -kr263,309,781.00 | 16.4x | -62.5x | 4.7x |
| Thu, 11 May 2023 | kr15.2b | kr3.4b | -kr400,851,497.00 | 26.4x | -38x | 4.4x |
| Sat, 08 Apr 2023 | kr15.8b | kr3.7b | -kr1,458,092,618.00 | 27.2x | -10.8x | 4.2x |
| Mon, 06 Mar 2023 | kr15.5b | kr3.7b | -kr1,432,326,319.00 | 27.3x | -10.8x | 4.2x |
| Wed, 01 Feb 2023 | kr17.7b | kr3.6b | -kr987,245,273.00 | 57.4x | -18x | 4.9x |
| Fri, 30 Dec 2022 | kr17.7b | kr3.6b | -kr983,018,940.00 | 60.8x | -18x | 4.9x |
| Sun, 27 Nov 2022 | kr18.4b | kr3.6b | -kr970,610,028.00 | 66.5x | -19x | 5.1x |
| Tue, 25 Oct 2022 | kr16.2b | kr3.6b | -kr1,147,546,101.00 | n/a | -14.1x | 4.6x |
| Thu, 22 Sep 2022 | kr20.2b | kr3.6b | -kr1,144,548,291.00 | n/a | -17.7x | 5.7x |
| Sat, 20 Aug 2022 | kr22.8b | kr3.5b | -kr1,146,570,827.00 | n/a | -19.9x | 6.5x |
| Mon, 18 Jul 2022 | kr20.8b | kr3.5b | -kr923,535,833.00 | 15.2x | -22.6x | 6x |
| Wed, 15 Jun 2022 | kr18.2b | kr3.5b | -kr897,761,144.00 | 16x | -20.2x | 5.3x |
| Fri, 13 May 2022 | kr20.1b | kr3.4b | -kr839,320,749.00 | 6.8x | -23.9x | 6x |
| Sun, 10 Apr 2022 | kr27.9b | kr3.3b | kr319.6m | 32.1x | 87.2x | 8.4x |
| Tue, 08 Mar 2022 | kr33.6b | kr3.3b | kr334.8m | 27.5x | 100.3x | 10.1x |
| Thu, 03 Feb 2022 | kr37.9b | kr3.1b | -kr331,583,623.00 | 6.6x | -114.2x | 12.1x |
| Sat, 01 Jan 2022 | kr50.3b | kr3.1b | -kr311,094,266.00 | 7.1x | -161.7x | 16.2x |
| Mon, 29 Nov 2021 | kr52.5b | kr3.1b | -kr300,192,025.00 | 21.6x | -174.9x | 16.9x |
| Wed, 27 Oct 2021 | kr52.0b | kr2.9b | -kr577,756,630.00 | 30.6x | -90.1x | 18.1x |
| Fri, 24 Sep 2021 | kr52.5b | kr2.9b | -kr578,522,854.00 | 34.6x | -90.8x | 18.2x |
| Sun, 22 Aug 2021 | kr49.1b | kr2.9b | -kr578,818,153.35 | 34.3x | -84.9x | 17.1x |
| Fri, 09 Jul 2021 | kr58.0b | kr2.9b | -kr578,818,153.35 | 32.3x | -100.1x | 20.1x |
| Thu, 01 Apr 2021 | kr62.8b | kr2.9b | -kr781,686,358.92 | n/a | -80.4x | 22x |
| Sun, 03 Jan 2021 | kr55.9b | kr2.8b | -kr515,635,365.10 | n/a | -108.3x | 20x |
Price to Earnings Ratio
824.5x
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 Market | 1.20% | |
| Utilities | -0.098% | |
| Renewable Energy | -0.0017% | |
| Renewable Energy | -0.0017% | |
| Independent Power Producers and Energy Traders | 0% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| EAM EAM Solar | kr18.60 | 66.1% +kr50.7m | 176.8% | PS10.8x | |
| ENERG Energeia | kr1.75 | 4.8% +kr9.5m | n/a | PS2.7x |