9GJ Stock Overview

Operates as a clean energy company in Norway. More details

9GJ fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	4/6
Dividends	0/6

Risk Analysis

Does not have a meaningful market cap (€26M)

Makes less than USD$1m in revenue (NOK0)

Has less than 1 year of cash runway

Earnings have declined by 31.2% per year over past 5 years

+ 1 more risk

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Horisont Energi AS Competitors

Zeus Resources

ASX:ZEU

AU$5.1m

EnviTec Biogas

XTRA:ETG

€435.1m

Petro Matad

DB:HA3

€26.0m

Alma Metals

ASX:ALM

AU$7.1m

Price History & Performance

Summary of share price highs, lows and changes for Horisont Energi
Historical stock prices
Current Share Price	NOK 0.068
52 Week High	NOK 0.40
52 Week Low	NOK 0.001
Beta	0.72
1 Month Change	-12.82%
3 Month Change	-36.45%
1 Year Change	-71.31%
3 Year Change	-98.83%
5 Year Change	n/a
Change since IPO	-98.58%

Recent updates

Shareholder Returns

	9GJ	DE Oil and Gas	DE Market
7D	-5.6%	-6.3%	0.8%
1Y	-71.3%	5.3%	14.6%

Return vs Industry: 9GJ underperformed the German Oil and Gas industry which returned 5.3% over the past year.

Return vs Market: 9GJ underperformed the German Market which returned 14.6% over the past year.

Price Volatility

Is 9GJ's price volatile compared to industry and market?
9GJ volatility
9GJ Average Weekly Movement	46.4%
Oil and Gas Industry Average Movement	8.5%
Market Average Movement	6.6%
10% most volatile stocks in DE Market	12.7%
10% least volatile stocks in DE Market	3.1%

Stable Share Price: 9GJ's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: 9GJ's weekly volatility has increased from 31% to 46% over the past year.

About the Company

Founded	Employees	CEO	Website
2019	32	Leiv Kallestad	horisontenergi.no

Horisont Energi AS operates as a clean energy company in Norway. The company offers clean ammonia and hydrogen; carbon transport and storage services; and midstream CCS infrastructure, such as carbon dioxide terminals and pipelines. Its projects include the Gismarvik CO2 hub in Rogaland, Norway; the Barents Blue clean ammonia plant that produces ammonia from clean water, renewable energy, and low-carbon natural gas; and the Polaris CO2 commercial carbon storage project.

Horisont Energi AS Fundamentals Summary

How do Horisont Energi's earnings and revenue compare to its market cap?
9GJ fundamental statistics
Market cap	€2.20m
Earnings (TTM)	-€9.75m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-0.2x

P/E Ratio

Is 9GJ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
9GJ income statement (TTM)
Revenue	NOK 0
Cost of Revenue	NOK 0
Gross Profit	NOK 0
Other Expenses	NOK 113.00m
Earnings	-NOK 113.00m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

Aug 28, 2025

Earnings per share (EPS)	-5.06
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did 9GJ perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/18 19:44
End of Day Share Price	2025/05/16 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Horisont Energi AS is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Espen Fjermestad	Fearnley Securities

Horisont Energi DB:9GJ Stock Report