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Apr 13
Norwegian (OSEAX) Renewable Energy Industry Analysis
UpdatedApr 17, 2024
DataAggregated Company Financials
Companies7
- 7D-7.9%
- 3M-0.8%
- 1Y-9.0%
- YTDn/a
In the last week, the Renewable Energy industry is up 2.1%, with Scatec up 4.2%. In the same time, Cloudberry Clean Energy was down 5.8%. In the past year, the industry is down 8.0%. Looking forward, earnings are forecast to decline by 9.1% per year.
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 |
|---|---|---|---|---|---|---|
| Wed, 17 Apr 2024 | kr14.5b | kr4.0b | kr683.5m | 13.7x | 21.2x | 3.6x |
| Fri, 15 Mar 2024 | kr14.2b | kr3.9b | kr722.0m | 13.6x | 19.7x | 3.6x |
| Sun, 11 Feb 2024 | kr14.6b | kr4.2b | kr897.0m | 12.1x | 16.3x | 3.5x |
| Tue, 09 Jan 2024 | kr15.7b | kr4.0b | kr94.3m | 7.1x | 166.8x | 3.9x |
| Thu, 07 Dec 2023 | kr16.0b | kr4.0b | kr88.6m | 6.5x | 180.7x | 4x |
| Sat, 04 Nov 2023 | kr14.5b | kr4.1b | kr90.0m | 6.9x | 161.5x | 3.5x |
| Mon, 02 Oct 2023 | kr13.7b | kr3.7b | kr401.8m | 145.9x | 34.2x | 3.7x |
| Wed, 30 Aug 2023 | kr15.1b | kr3.7b | kr410.3m | 167x | 36.8x | 4.1x |
| Fri, 28 Jul 2023 | kr17.5b | kr3.5b | -kr255,068,259.00 | 34.1x | -68.7x | 4.9x |
| Sun, 25 Jun 2023 | kr15.2b | kr3.5b | -kr264,434,772.00 | 15.9x | -57.5x | 4.4x |
| Tue, 23 May 2023 | kr16.0b | kr3.5b | -kr289,065,575.00 | 14.8x | -55.3x | 4.6x |
| Thu, 20 Apr 2023 | kr15.3b | kr3.7b | -kr1,460,111,922.00 | 25.8x | -10.5x | 4.1x |
| Sat, 18 Mar 2023 | kr14.3b | kr3.7b | -kr1,437,301,711.00 | 25.3x | -10x | 3.9x |
| Mon, 13 Feb 2023 | kr17.5b | kr3.6b | -kr1,492,477,392.00 | 63.1x | -11.8x | 4.8x |
| Wed, 11 Jan 2023 | kr18.0b | kr3.6b | -kr985,644,780.00 | 59.5x | -18.2x | 5x |
| Fri, 09 Dec 2022 | kr18.3b | kr3.6b | -kr983,311,397.00 | 64.8x | -18.6x | 5.1x |
| Sun, 06 Nov 2022 | kr18.2b | kr4.1b | -kr952,472,368.00 | 64.6x | -19.1x | 4.5x |
| Tue, 04 Oct 2022 | kr17.3b | kr3.6b | -kr1,149,406,526.00 | n/a | -15x | 4.8x |
| Thu, 01 Sep 2022 | kr22.1b | kr3.5b | -kr1,148,182,117.00 | n/a | -19.2x | 6.2x |
| Sat, 30 Jul 2022 | kr23.9b | kr3.4b | -kr1,111,423,153.00 | 16.4x | -21.5x | 7x |
| Mon, 27 Jun 2022 | kr19.7b | kr3.5b | -kr922,639,859.00 | 15.9x | -21.4x | 5.7x |
| Wed, 25 May 2022 | kr20.5b | kr3.4b | -kr902,272,906.00 | 18.2x | -22.7x | 6x |
| Fri, 22 Apr 2022 | kr25.9b | kr3.3b | kr320.6m | 29.6x | 80.8x | 7.8x |
| Sun, 20 Mar 2022 | kr39.3b | kr3.3b | kr334.8m | 31.5x | 117.4x | 11.9x |
| Tue, 15 Feb 2022 | kr33.4b | kr3.2b | kr371.5m | 27.5x | 90x | 10.4x |
| Thu, 13 Jan 2022 | kr44.0b | kr3.1b | -kr331,100,067.00 | 6.6x | -132.9x | 14.1x |
| Sat, 11 Dec 2021 | kr48.4b | kr3.1b | -kr310,038,329.00 | 6.5x | -156x | 15.5x |
| Mon, 08 Nov 2021 | kr51.9b | kr3.0b | -kr397,010,675.00 | 27.9x | -130.8x | 17.3x |
| Wed, 06 Oct 2021 | kr48.1b | kr2.9b | -kr578,159,517.00 | 33.7x | -83.2x | 16.7x |
| Fri, 03 Sep 2021 | kr51.1b | kr2.9b | -kr578,818,153.35 | 33.6x | -88.2x | 17.7x |
| Sun, 01 Aug 2021 | kr50.3b | kr2.9b | -kr578,818,153.35 | 33.4x | -86.9x | 17.5x |
| Wed, 05 May 2021 | kr57.3b | kr2.9b | -kr781,686,358.92 | n/a | -73.3x | 20x |
Price to Earnings Ratio
-73.3x
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 22.4x which is higher than its 3-year average PE of -2.6x.
- The 3-year average PS ratio of 8.5x is higher than the industry's current PS ratio of 3.9x.
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 12% 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 | 0.72% | |
| Utilities | -7.09% | |
| Renewable Energy | -7.91% | |
| Renewable Energy | -7.91% | |
| 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 | |
|---|---|---|---|---|---|
| No data available | |||||
