Norsk Renewables Second Quarter 2024 Earnings: Revenues Miss Expectations

Norsk Renewables (OB:NSOL) Second Quarter 2024 Results

Key Financial Results

• Revenue: kr5.93m (up 3.8% from 2Q 2023).
• Net loss: kr23.0m (loss widened by 268% from 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Norsk Renewables Revenues Disappoint

Revenue missed analyst estimates by 62%.

Looking ahead, revenue is forecast to grow 65% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Renewable Energy industry in Norway.

Performance of the Norwegian Renewable Energy industry.

The company's shares are down 2.9% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 7 warning signs for Norsk Renewables (5 are a bit unpleasant!) that you should be aware of.

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