62L Stock Overview
An independent power producer, owns, develops, finances, builds, and operates solar power plants in Norway, Brazil, Vietnam, South Africa, Pakistan, and Ukraine. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 2/6 |
| Past Performance | 0/6 |
| Financial Health | 1/6 |
| Dividends | 0/6 |
My Notes
Capture your thoughts, links and company narrative
Norsk Renewables AS Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NOK 0.013 |
| 52 Week High | NOK 0.20 |
| 52 Week Low | NOK 0.0022 |
| Beta | 0.53 |
| 1 Month Change | 0% |
| 3 Month Change | -7.04% |
| 1 Year Change | -90.99% |
| 3 Year Change | -98.47% |
| 5 Year Change | n/a |
| Change since IPO | -98.74% |
Recent News & Updates
Recent updates
Shareholder Returns
| 62L | DE Renewable Energy | DE Market | |
|---|---|---|---|
| 7D | 0% | 4.0% | 1.7% |
| 1Y | -91.0% | -29.2% | 9.4% |
Return vs Industry: 62L underperformed the German Renewable Energy industry which returned -37.6% over the past year.
Return vs Market: 62L underperformed the German Market which returned 5.3% over the past year.
Price Volatility
| 62L volatility | |
|---|---|
| 62L Average Weekly Movement | n/a |
| Renewable Energy Industry Average Movement | 3.6% |
| Market Average Movement | 4.9% |
| 10% most volatile stocks in DE Market | 11.5% |
| 10% least volatile stocks in DE Market | 2.4% |
Stable Share Price: 62L's share price has been volatile over the past 3 months.
Volatility Over Time: Insufficient data to determine 62L's volatility change over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2017 | 35 | Torbjorn Kirkeby-Garstad | norskrenewables.com |
Norsk Renewables AS, an independent power producer, owns, develops, finances, builds, and operates solar power plants in Norway. The company has proportionate ownership of 24 megawatts in 88 megawatts of solar power plants. It serves its products to utility and large corporate off-takers.
Norsk Renewables AS Fundamentals Summary
| 62L fundamental statistics | |
|---|---|
| Market cap | €5.08m |
| Earnings (TTM) | -€5.04m |
| Revenue (TTM) | €1.93m |
2.7x
P/S Ratio-1.0x
P/E RatioIs 62L overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 62L income statement (TTM) | |
|---|---|
| Revenue | NOK 22.17m |
| Cost of Revenue | NOK 0 |
| Gross Profit | NOK 22.17m |
| Other Expenses | NOK 80.02m |
| Earnings | -NOK 57.84m |
Last Reported Earnings
Mar 31, 2024
Next Earnings Date
Aug 29, 2024
| Earnings per share (EPS) | -0.28 |
| Gross Margin | 100.00% |
| Net Profit Margin | -260.90% |
| Debt/Equity Ratio | 947.7% |
How did 62L perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/07/09 03:53 |
| End of Day Share Price | 2024/04/11 00:00 |
| Earnings | 2024/03/31 |
| Annual Earnings | 2023/12/31 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 here.
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 .
Analyst Sources
Norsk Renewables AS is covered by 3 analysts. 1 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 |
|---|---|
| Magnus Solheim | Fearnley Securities |
| Irmantas Vaskela | Norne Securities AS |
| Ignas Lekštys | Norne Securities AS |