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Norwegian (OSEAX) Renewable Energy Industry Analysis
UpdatedDec 14, 2024
DataAggregated Company Financials
Companies8
- 7D-0.4%
- 3M-4.4%
- 1Y-1.7%
- YTDn/a
The Renewable Energy industry is up 2.7% in the last week, with Cloudberry Clean Energy up 7.7%. Meanwhile, Energeia actually underperformed within the industry, shrinking 14% in the last week. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are forecast to decline by 26% per annum.
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, 14 Dec 2024 | NOK 18.1b | NOK 5.0b | NOK 2.0b | 6.2x | 9.3x | 3.6x |
| Mon, 11 Nov 2024 | NOK 18.1b | NOK 5.2b | NOK 1.9b | 6.1x | 9.3x | 3.5x |
| Wed, 09 Oct 2024 | NOK 17.0b | NOK 4.7b | NOK 33.1m | 42x | 513.9x | 3.6x |
| Fri, 06 Sep 2024 | NOK 16.7b | NOK 4.7b | NOK 33.9m | 40.8x | 491.5x | 3.6x |
| Sun, 04 Aug 2024 | NOK 17.7b | NOK 4.4b | NOK 607.1m | 20.4x | 29.1x | 4x |
| Tue, 02 Jul 2024 | NOK 19.5b | NOK 4.4b | NOK 829.1m | 20.2x | 23.5x | 4.4x |
| Thu, 30 May 2024 | NOK 15.7b | NOK 4.3b | NOK 746.3m | 14x | 21.1x | 3.6x |
| Sat, 27 Apr 2024 | NOK 15.0b | NOK 4.0b | NOK 685.7m | 14.1x | 21.9x | 3.8x |
| Mon, 25 Mar 2024 | NOK 14.9b | NOK 3.9b | NOK 717.3m | 14.2x | 20.8x | 3.8x |
| Wed, 21 Feb 2024 | NOK 14.6b | NOK 4.0b | NOK 729.5m | 13.8x | 20.1x | 3.7x |
| Fri, 19 Jan 2024 | NOK 14.4b | NOK 4.0b | NOK 92.7m | 6.4x | 155.6x | 3.6x |
| Sun, 17 Dec 2023 | NOK 16.2b | NOK 4.0b | NOK 93.5m | 6.6x | 173.1x | 4x |
| Tue, 14 Nov 2023 | NOK 13.5b | NOK 4.0b | NOK 89.8m | 6.6x | 150x | 3.3x |
| Thu, 12 Oct 2023 | NOK 12.9b | NOK 3.7b | NOK 400.1m | 136.7x | 32.2x | 3.5x |
| Sat, 09 Sep 2023 | NOK 14.4b | NOK 3.7b | NOK 401.6m | 156.5x | 35.9x | 3.9x |
| Mon, 07 Aug 2023 | NOK 16.6b | NOK 3.6b | -NOK 275,761,884.00 | 13.8x | -60.2x | 4.7x |
| Wed, 05 Jul 2023 | NOK 15.8b | NOK 3.5b | -NOK 263,020,118.00 | 14.7x | -60.2x | 4.6x |
| Fri, 02 Jun 2023 | NOK 16.0b | NOK 3.5b | -NOK 265,239,447.00 | 15.2x | -60.4x | 4.6x |
| Sun, 30 Apr 2023 | NOK 14.9b | NOK 3.3b | -NOK 1,372,496,054.00 | 26x | -10.9x | 4.5x |
| Tue, 28 Mar 2023 | NOK 14.2b | NOK 3.6b | -NOK 1,497,310,115.00 | 52.8x | -9.5x | 3.9x |
| Thu, 23 Feb 2023 | NOK 16.0b | NOK 3.7b | -NOK 1,433,739,578.00 | 27.2x | -11.2x | 4.3x |
| Sat, 21 Jan 2023 | NOK 18.1b | NOK 3.6b | -NOK 985,121,775.00 | 58.3x | -18.3x | 5x |
| Mon, 19 Dec 2022 | NOK 18.1b | NOK 3.6b | -NOK 982,417,406.00 | 64.4x | -18.5x | 5x |
| Wed, 16 Nov 2022 | NOK 20.0b | NOK 3.6b | -NOK 965,442,573.00 | 67.6x | -20.7x | 5.6x |
| Fri, 14 Oct 2022 | NOK 15.9b | NOK 3.6b | -NOK 1,147,365,634.00 | n/a | -13.8x | 4.5x |
| Sun, 11 Sep 2022 | NOK 22.8b | NOK 3.5b | -NOK 1,140,858,107.00 | n/a | -20x | 6.4x |
| Tue, 09 Aug 2022 | NOK 23.7b | NOK 3.4b | -NOK 1,111,308,072.00 | 16x | -21.3x | 6.9x |
| Thu, 07 Jul 2022 | NOK 19.5b | NOK 3.5b | -NOK 923,527,684.00 | 15.4x | -21.1x | 5.6x |
| Sat, 04 Jun 2022 | NOK 20.9b | NOK 3.4b | -NOK 897,037,054.00 | 17.9x | -23.3x | 6.1x |
| Mon, 02 May 2022 | NOK 24.0b | NOK 3.3b | NOK 310.7m | 27.2x | 77.2x | 7.2x |
| Wed, 30 Mar 2022 | NOK 26.2b | NOK 3.3b | NOK 320.5m | 29.4x | 81.6x | 7.9x |
| Fri, 25 Feb 2022 | NOK 32.1b | NOK 3.3b | NOK 354.9m | 27x | 90.4x | 9.7x |
| Sun, 23 Jan 2022 | NOK 40.8b | NOK 3.1b | -NOK 330,930,661.00 | 6.6x | -123.2x | 13.1x |
| Tue, 21 Dec 2021 | NOK 47.8b | NOK 3.1b | -NOK 309,423,825.00 | 6.4x | -154.5x | 15.4x |
Price to Earnings Ratio
-154.5x
Current Industry PE
- Investors are pessimistic on the Norwegian Renewable Electricity 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 9.4x which is lower than its 3-year average PE of 45.8x.
- The 3-year average PS ratio of 5.4x is higher than the industry's current PS ratio of 3.7x.
Past Earnings Growth
- Total earnings for the Renewable Electricity industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 17% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does Norwegian Renewable Energy compare with similar industries?
| NO Market | -0.45% | |
| Utilities | -0.29% | |
| Renewable Energy | -0.40% | |
| Renewable Energy | -0.40% | |
| 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 | |
|---|---|---|---|---|---|
| MGN Magnora | NOK 25.80 | 6.2% +NOK 96.8m | -20.2% | PE5.8x | |
| AEGA Aega | NOK 0.86 | 129.4% +NOK 11.5m | -66.4% | PS0.5x | |
| MPCES MPC Energy Solutions | NOK 9.30 | 2.6% +NOK 5.3m | -14.7% | PS1.7x |