OB:SCATC
OB:SCATCRenewable Energy

Scatec (OB:SCATC) Margin Compression To 20% Tests Bullish Earnings Narratives

Scatec (OB:SCATC) has wrapped up FY 2025 with fourth quarter revenue of NOK 1,028 million and basic EPS of NOK 0.09, alongside trailing twelve month revenue of NOK 5,238 million and EPS of NOK 6.58 that frame the latest print in a wider earnings context. Over recent quarters, the company has seen revenue move from NOK 896 million in Q4 2024 to NOK 1,028 million in Q4 2025. Quarterly EPS shifted from a loss of NOK 0.89 to a profit of NOK 0.09, setting the stage for investors to weigh strong...
OB:EQNR
OB:EQNROil and Gas

Will Court‑Cleared Empire Wind Progress Reshape Equinor's (OB:EQNR) Energy Transition Narrative?

Equinor recently confirmed that activities at its Empire Wind offshore wind project in the US can resume, following a favorable court ruling. This court decision removes a key procedural obstacle for one of Equinor’s flagship renewable projects, clarifying the regulatory path for continued development. We will now examine how the resumption of Empire Wind activities could influence Equinor’s investment narrative and long-term energy transition positioning. These 13 companies survived and...
OB:PROT
OB:PROTInsurance

How Stronger Underwriting and Dividend Payouts Will Impact Protector Forsikring (OB:PROT) Investors

Protector Forsikring ASA has reported its fourth-quarter and full-year 2025 results, with net income rising to NOK 705 million for the quarter and NOK 2.65 billion for the year, alongside sharply higher earnings per share. Beneath the headline profit growth, the insurer delivered an improved combined ratio of 84.7%, maintained a 95% renewal rate, and confirmed a NOK 495 million dividend while keeping its solvency ratio at 219% post dividend. We will now examine how the stronger underwriting...
OB:SUBC
OB:SUBCEnergy Services

How Shell’s Kaikias Waterflood Contract Win At Subsea 7 (OB:SUBC) Has Changed Its Investment Story

Subsea 7 S.A. recently announced a sizeable contract award from Shell for the Kaikias Waterflood deepwater project in the US Gulf of Mexico, covering the transportation and installation of subsea umbilicals, a riser and a rigid flowline in water depths up to 1,650 metres, with offshore work scheduled for 2027. This award adds to Subsea 7’s future workload while reinforcing its role as a key offshore contractor for Shell’s deepwater developments. We will now examine how this new Shell...
OB:KOG
OB:KOGAerospace & Defense

The Bull Case For Kongsberg Gruppen (OB:KOG) Could Change Following Major Polish SAN CUAS Contract Expansion

Kongsberg Defence & Aerospace and consortium partner Polska Grupa Zbrojeniowa recently signed a NOK 16.00 billion contract to deliver 18 SAN CUAS counter-drone batteries to the Polish Armaments Agency, integrating guns, missiles, interceptor drones and tailored command-and-control systems into Poland’s air defence network. An important aspect of this agreement is KONGSBERG’s plan to expand manufacturing capacity in Poland, deepening industrial ties while leveraging its PROTECTOR family of...
OB:SNI
OB:SNIShipping

Is Stolt-Nielsen (OB:SNI) Quietly Redefining Its Portfolio With Avenir LNG Stake Talks?

Stolt-Nielsen Limited reported fourth-quarter 2025 results showing sales of US$680.6 million and net income of US$59.55 million, alongside one of its highest annual EBITDA figures and the completion of the Suttons International acquisition. At the same time, the company confirmed talks to sell up to 50% of its interest in Avenir LNG, potentially reshaping its exposure to small-scale LNG bunkering while continuing as a joint owner. Next, we will examine how the Avenir LNG stake sale...
OB:AKER
OB:AKERIndustrials

A Look At Aker (OB:AKER) Valuation After New AI Data Center Expansion Plans

Aker (OB:AKER) is back in focus after Aker Nscale agreed to develop a 96MW data center in Skien, Norway, aimed at AI workloads, with further Norwegian data center projects already on the drawing board. See our latest analysis for Aker. The AI focused data center plan lands at a time when the 1 month share price return of 15.62% and year to date share price return of 13.99% point to building momentum, while the 1 year total shareholder return of 58.05% and 5 year total shareholder return of...
OB:PARB
OB:PARBBanks

Pareto Bank (OB:PARB) Margins Near 60% Challenge Cautious Earnings Narratives

Pareto Bank (OB:PARB) closed out FY 2025 with fourth quarter total revenue of NOK 208.8 million and basic EPS of NOK 2.07. This capped a year in which trailing twelve month EPS reached NOK 8.80 on revenue of NOK 1,120.6 million and net income of NOK 675.6 million. Over the past few quarters, the bank has reported revenue of NOK 265.1 million and EPS of NOK 1.43 in Q4 2024, NOK 295.2 million and EPS of NOK 2.16 in Q1 2025, NOK 326.1 million and EPS of NOK 2.44 in Q2, and NOK 290.5 million and...
OB:SCATC
OB:SCATCRenewable Energy

Scatec (OB:SCATC) Valuation After Weaker 2025 Results And New 2026 Production Guidance

Earnings setback and fresh outlook shift focus to Scatec Scatec (OB:SCATC) just reported weaker 2025 earnings, with lower sales, revenue, net income and fourth quarter power production, while also issuing new 2026 production guidance that sits alongside fresh long term PPA wins in Tunisia. See our latest analysis for Scatec. The weaker 2025 results and softer fourth quarter production appear to have weighed on sentiment, with a 1-day share price return of -4.24% at NOK115.3. However, the...
OB:GJF
OB:GJFInsurance

Gjensidige Forsikring (OB:GJF) EPS Growth Of 27.1% Tests Steady Income Narrative

Gjensidige Forsikring (OB:GJF) has wrapped up FY 2025 with fourth quarter revenue of NOK 11.3b and EPS of NOK 2.58, alongside trailing twelve month revenue of NOK 46.4b and EPS of NOK 12.56, which anchor the full year picture. Over recent periods, revenue has moved from NOK 10.5b in Q4 2024 to NOK 11.3b in Q4 2025, while quarterly EPS shifted from NOK 2.31 to NOK 2.58. This sets the stage for investors to focus on how these earnings feed into the group’s 13.8% net margin and what that means...
OB:CADLR
OB:CADLRConstruction

Why Cadeler (OB:CADLR) Is Up 8.4% After Securing First Full-Scale EU Foundation Contract

Cadeler recently announced it has signed a preferred supplier agreement with an undisclosed client to transport and install monopiles and transition pieces at a large European offshore wind farm, using two installation vessels including a new A-class ship designed for XXL foundations from the first half of 2028, subject to the client’s final investment decision. This will be Cadeler’s first full-scope foundation transportation and installation project outside the United Kingdom, underlining...
OB:EPR
OB:EPRMultiline Retail

Europris (OB:EPR) Net Margin Slippage Tests Bullish Same Store Sales Narrative

Europris (OB:EPR) has wrapped up FY 2025 with fourth quarter revenue of NOK 4.6b and basic EPS of NOK 2.82, while trailing twelve month EPS came in at NOK 4.97 on revenue of NOK 14.9b. Over the past year, the company has seen quarterly revenue move from NOK 4.4b and EPS of NOK 2.71 in Q4 2024 to NOK 4.6b and EPS of NOK 2.82 in Q4 2025. Earlier 2025 quarters ranged between NOK 2.9b and NOK 3.8b of revenue, with EPS stretching from a loss of NOK 0.49 in Q1 to NOK 1.69 in Q2. With net profit...
OB:PROT
OB:PROTInsurance

Protector Forsikring (OB:PROT) Margin Improvement Reinforces Bullish Profitability Narratives

Protector Forsikring (OB:PROT) has capped FY 2025 with fourth quarter revenue of NOK 3.95b and EPS of NOK 8.5, while trailing twelve month EPS sits at NOK 31.7 on revenue of NOK 14.66b. Over the last year, the company has seen revenue move from NOK 12.06b to NOK 14.66b and trailing EPS lift from NOK 18.67 to NOK 31.7, alongside a reported 71.9% earnings growth rate and an improvement in net margin from 12.8% to 18.1%. This puts the focus squarely on how durable these margins look after such a...
OB:SUBC
OB:SUBCEnergy Services

Subsea 7 (OB:SUBC) Valuation Check After New Shell And Gennaker Contract Wins

Subsea 7 (OB:SUBC) is back in focus after announcing two sizeable contract awards, one from Shell for subsea work on the Kaikias Waterflood project and another for Germany’s Gennaker offshore wind farm. See our latest analysis for Subsea 7. Those contracts have arrived alongside a clear pick up in momentum, with the share price at NOK242.8 and a 30 day share price return of 19.49%, while the 1 year total shareholder return of 39.39% and 5 year total shareholder return of 237.85% point to...
OB:KOG
OB:KOGAerospace & Defense

Assessing Kongsberg Gruppen (OB:KOG) Valuation After New Share Buyback For Incentive Plan

Buyback program puts Kongsberg Gruppen (OB:KOG) in focus Kongsberg Gruppen (OB:KOG) has moved into the spotlight after announcing a share repurchase program of NOK 10.7 million, with all acquired shares earmarked for its long term incentive plan. See our latest analysis for Kongsberg Gruppen. The buyback plan comes at a time when Kongsberg Gruppen’s share price has climbed to NOK322.55, with a 24.7% 1 month share price return and a very large 5 year total shareholder return. This suggests...
OB:ROM
OB:ROMReal Estate

European Penny Stock Opportunities: 3 Picks With Market Caps Over €10M

Amid renewed trade and geopolitical uncertainty, the pan-European STOXX Europe 600 Index recently ended lower, reflecting broader market challenges. In this context, investors often look for opportunities that might not be immediately apparent in larger indices. Penny stocks—typically smaller or newer companies—remain a relevant investment area despite being considered niche. These stocks can present growth potential at lower price points, especially when backed by strong balance sheets and...
OB:BWO
OB:BWOEnergy Services

Premier Energy And 2 Other Undiscovered European Gems With Solid Potential

Amidst a backdrop of geopolitical uncertainty and modest business activity growth, the European markets have recently experienced declines, with the STOXX Europe 600 Index dropping 0.98% and major indexes in France, Germany, Italy, and the UK also falling. Despite these challenges, optimism in business outlooks has reached a 20-month high across the eurozone, suggesting opportunities for discerning investors to identify promising stocks that may thrive under current conditions.