Scatec ASA

OB:SCATC Stock Report

Market Cap: NOK 16.6b

Scatec Future Growth

Future criteria checks 5/6

Scatec is forecast to grow earnings and revenue by 71.8% and 43.3% per annum respectively. EPS is expected to grow by 73.3% per annum. Return on equity is forecast to be 10.7% in 3 years.

Key information

71.8%

Earnings growth rate

73.32%

EPS growth rate

Renewable Energy earnings growth6.3%
Revenue growth rate43.3%
Future return on equity10.68%
Analyst coverage

Good

Last updated07 May 2026

Recent future growth updates

Recent updates

Narrative Update • Apr 30

SCATC: Long-Term PPAs And New Solar Projects Will Support Future Cash Flows

Analysts have lifted their price target on Scatec to NOK135 from about NOK130, citing updated assumptions that include a higher profit margin outlook, a lower future P/E multiple and adjusted revenue growth expectations. What's in the News Scatec and Aeolus reached commercial operations date for the 60 MW Tozeur solar power plant in Tunisia, alongside the 60 MW Sidi Bouzid plant.
Narrative Update • Apr 16

SCATC: Long-Term PPAs And New Solar Build-Outs Will Support Future Cash Flows

Analysts have left their fair value estimate for Scatec broadly unchanged at around NOK 130 per share, with only slight model tweaks such as a small adjustment to the discount rate and future P/E driving the latest price target update. What's in the News Reached commercial operations for the 60 MW Sidi Bouzid solar plant in Tunisia, with the parallel 60 MW Tozeur plant moving toward COD in the first half of 2026.
Analysis Article • Apr 03

Scatec's (OB:SCATC) Problems Go Beyond Weak Profit

Scatec ASA's ( OB:SCATC ) stock showed strength, with investors undeterred by its weak earnings report. Sometimes...
Narrative Update • Apr 02

SCATC: Long-Term PPAs And New Solar Projects Will Support Future Cash Flows

Analysts have kept their fair value estimate for Scatec steady at NOK 129.57 per share, with only very small tweaks to inputs such as the discount rate and future P/E assumptions. As a result, the overall price target remains effectively unchanged.
Narrative Update • Mar 18

SCATC: Long-Term PPAs And New Solar Projects Will Support Future Cash Flows

Scatec's analyst price target has been reaffirmed at NOK 129.57, with analysts pointing to largely unchanged fair value, discount rate, revenue growth, profit margin and forward P/E assumptions as support for maintaining their view. What's in the News Reached commercial operations for the 60 MW Sidi Bouzid solar plant in Tunisia, with the parallel 60 MW Tozeur project progressing toward COD.
Narrative Update • Mar 04

SCATC: Long-Term PPAs And New Projects Will Support Future Cash Flows

Analysts have kept their Scatec price target broadly unchanged at around NOK 130, reflecting updated model inputs for discount rate, revenue growth, profit margin, and future P/E, without a clear shift in the overall valuation view. What's in the News Reached financial close and started construction of the 130 MW Barzalosa solar plant in Colombia, backed by a 15 year PPA with BTG Pactual Comercializadora de Energía that is expected to cover about 85% of output, with total capex of around US$121 million financed at roughly 70% leverage (Key Developments).
Narrative Update • Feb 18

SCATC: Long-Term African PPAs And New Projects Will Support Future Cash Flows

Analysts have slightly reduced their Scatec price target from NOK130.13 to about NOK129.57. This reflects updated views that take into account a higher discount rate, a revised revenue growth profile, a lower profit margin outlook, and a higher assumed future P/E multiple.
Narrative Update • Feb 03

SCATC: Long-Term African PPAs And Lower Risk Assumptions Will Support Future Cash Flows

Analysts now place Scatec's fair value at €130.13, up from €123.25, citing a lower assumed discount rate and a reduced future P/E multiple as the key drivers of the revised price target. What's in the News Scatec issued new production guidance for full year 2026, estimating proportionate power production of 5.2 to 5.6 TWh (Corporate guidance).
Narrative Update • Jan 20

SCATC: Long-Term PPAs And New African Projects Will Support Future Cash Flows

Analysts have raised their fair value estimate for Scatec from NOK 121.14 to NOK 123.25, reflecting updated views on discount rates, revenue growth, profit margins and future P/E assumptions. What's in the News Signed a 25 year, USD denominated pay as produced PPA with the Egyptian Electricity Transmission Company for a 1.95 GW solar and 3.9 GWh BESS hybrid system in Egypt, plus two standalone BESS projects, described as the largest combined solar and storage installation in Africa and the largest investment in Scatec's history (Client Announcements).
Narrative Update • Jan 06

SCATC: Long-Term Power Contracts Will Support Future Cash Flow Visibility

Analysts have lifted their price target for Scatec to NOK 121. This update reflects refreshed assumptions around discount rate, revenue growth, profit margin and future P/E that support the recent shift in Street research sentiment toward the stock.
Narrative Update • Dec 22

SCATC: New Long-Term Power Contracts Will Support Future Cash Flow Visibility

Narrative Update on Scatec Analysts have raised their price target on Scatec to NOK 121, reflecting a more positive outlook supported by recent rating upgrades and confidence in the company’s long term growth and profitability profile. Analyst Commentary Bullish analysts view the recent upgrade and higher price target as a reflection of improving execution and a clearer path to long term value creation.
Narrative Update • Dec 08

SCATC: New Long-Term Power Contracts Will Support Future Cash Flow Visibility

Analysts raised their 12 month price target for Scatec to NOK 121.14, a modest increase driven by slightly lower perceived risk and marginally improved long term profitability assumptions. Analyst Commentary Analysts highlight that the recent upgrade and target price reflect a more constructive view on Scatec’s risk profile and earnings trajectory, but they also caution that execution and market dynamics remain key swing factors for the valuation.
Narrative Update • Nov 24

SCATC: New Power Contracts Will Drive Long-Term Earnings Momentum

Analysts have raised their price target for Scatec to NOK 121. This reflects increased confidence in the company's outlook following a reassessment of profit margins and future valuation metrics.
Narrative Update • Nov 09

SCATC: New Long-Term Contracts Expected To Drive Earnings Momentum

Analysts have raised their price target on Scatec from NOK 120.83 to NOK 121.14. This reflects positive updates to the company’s revenue growth and profit outlook.
Narrative Update • Oct 26

Expanded Emerging Market Projects Will Influence Profitability And Mitigate Regulatory Uncertainty

Narrative Update on Scatec Analysts have raised Scatec's price target from NOK 116 to NOK 120.83, citing improved profit margin forecasts and a recent upgrade to Buy as key factors supporting this higher valuation. Analyst Commentary Bullish Takeaways Bullish analysts cite the recent upgrade to Buy as a reflection of confidence in Scatec's strategic direction and improved outlook.
Analysis Article • Oct 07

Do Scatec's (OB:SCATC) Earnings Warrant Your Attention?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article • Aug 27

Scatec's (OB:SCATC) Profits May Not Reveal Underlying Issues

Scatec ASA's ( OB:SCATC ) robust recent earnings didn't do much to move the stock. We think this is due to investors...
Narrative Update • Aug 21

27 GW Renewables Pipeline May Boost Returns, But Financing And Regulatory Risks Could Impact Margins

Scatec’s fair value estimate has been revised upward primarily due to significantly higher consensus revenue growth forecasts, despite a lower net profit margin, resulting in the analyst price target increasing from NOK105.51 to NOK114.67. What's in the News Scatec provided FY2025 power production guidance of 4,000–4,300 GWh, slightly reduced due to curtailments in Brazil and Ukraine, with marginal EBITDA impact as most curtailments are refundable.
Analysis Article • Jul 22

Why Investors Shouldn't Be Surprised By Scatec ASA's (OB:SCATC) Low P/E

Scatec ASA's ( OB:SCATC ) price-to-earnings (or "P/E") ratio of 7.4x might make it look like a buy right now compared...
Analysis Article • Jun 12

At kr88.00, Is Scatec ASA (OB:SCATC) Worth Looking At Closely?

Scatec ASA ( OB:SCATC ), is not the largest company out there, but it led the OB gainers with a relatively large price...
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New Narrative • Feb 21

Cost Reductions In Solar PV Could Strengthen Future Prospects Despite Debt Risks

Reduced module and battery costs enhance potential net margins and future revenues for Scatec's renewable projects.
Analysis Article • Jan 23

Scatec (OB:SCATC) Seems To Be Using A Lot Of Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Oct 31

Analysts' Revenue Estimates For Scatec ASA (OB:SCATC) Are Surging Higher

Scatec ASA ( OB:SCATC ) shareholders will have a reason to smile today, with the analysts making substantial upgrades...
Analysis Article • Oct 22

Scatec (OB:SCATC) Seems To Be Using A Lot Of Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Sep 14

Does Scatec (OB:SCATC) Deserve A Spot On Your Watchlist?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article • Aug 24

Scatec's (OB:SCATC) Earnings Are Weaker Than They Seem

Last week's profit announcement from Scatec ASA ( OB:SCATC ) was underwhelming for investors, despite headline numbers...
Analysis Article • Jul 16

Scatec (OB:SCATC) Has A Somewhat Strained Balance Sheet

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Jun 19

Is Now An Opportune Moment To Examine Scatec ASA (OB:SCATC)?

Scatec ASA ( OB:SCATC ), is not the largest company out there, but it saw a significant share price rise of 38% in the...
Analysis Article • Jun 04

An Intrinsic Calculation For Scatec ASA (OB:SCATC) Suggests It's 45% Undervalued

Key Insights Scatec's estimated fair value is kr156 based on 2 Stage Free Cash Flow to Equity Current share price of...
Analysis Article • May 22

Why We're Not Concerned About Scatec ASA's (OB:SCATC) Share Price

With a median price-to-sales (or "P/S") ratio of close to 3.1x in the Renewable Energy industry in Norway, you could be...
Analysis Article • Apr 10

Here's What To Make Of Scatec's (OB:SCATC) Decelerating Rates Of Return

There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...
Analysis Article • Mar 13

Why Scatec ASA (OB:SCATC) Could Be Worth Watching

Scatec ASA ( OB:SCATC ), might not be a large cap stock, but it saw significant share price movement during recent...
Analysis Article • Feb 03

Scatec (OB:SCATC) Is Posting Healthy Earnings, But It Is Not All Good News

Despite posting strong earnings, Scatec ASA's ( OB:SCATC ) stock didn't move much over the last week. We looked deeper...

Earnings and Revenue Growth Forecasts

OB:SCATC - Analysts future estimates and past financials data (NOK Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202811,3092,035-3187,4034
12/31/20278,0401,447-14,6965,6236
12/31/20265,549542-2,6412,9396
3/31/20262,83556-4,6152,242N/A
12/31/20253,629978-3,5692,460N/A
9/30/20253,739890-2,3462,886N/A
6/30/20253,9662,513-1,7482,526N/A
3/31/20254,0872,186-9842,447N/A
12/31/20244,3691,309-1403,128N/A
9/30/20244,3781,895-2,5032,526N/A
6/30/20244,021319-2,6663,244N/A
3/31/20243,777676-3,9802,900N/A
12/31/20233,399628-5,1442,200N/A
9/30/20233,266-176-3,7622,320N/A
6/30/20233,24635-3,5491,482N/A
3/31/20233,119-364-2,3221,547N/A
12/31/20223,002-1,334-1,2301,637N/A
9/30/20222,991-8297011,720N/A
6/30/20223,053-9531,2081,782N/A
3/31/20223,069-7631,2762,264N/A
12/31/20213,0383881,1052,072N/A
9/30/20212,963-3164181,631N/A
6/30/20212,848-5045921,759N/A
3/31/20212,833-695-21,191N/A
12/31/20202,770-478-1031,671N/A
9/30/20202,64968-1,1463,146N/A
6/30/20202,450156-2,5192,908N/A
3/31/20202,110229-3,5782,430N/A
12/31/20191,811-39N/A1,860N/A
9/30/20191,55619N/A407N/A
6/30/20191,3072N/A125N/A
3/31/20191,198125N/A707N/A
12/31/20181,150140N/A1,248N/A
9/30/20181,12559N/A1,241N/A
6/30/20181,122428N/A1,371N/A
3/31/20181,127317N/A1,282N/A
12/31/20171,121339N/A844N/A
9/30/20171,125420N/A883N/A
6/30/20171,12636N/A888N/A
3/31/20171,06153N/A985N/A
12/31/20161,0134N/A732N/A
9/30/2016978-16N/A438N/A
6/30/2016900-12N/A267N/A
3/31/20168712N/A58N/A
12/31/201586868N/A505N/A
9/30/201578630N/A625N/A
6/30/201571522N/A342N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SCATC's forecast earnings growth (71.8% per year) is above the savings rate (3.3%).

Earnings vs Market: SCATC's earnings (71.8% per year) are forecast to grow faster than the Norwegian market (11.5% per year).

High Growth Earnings: SCATC's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SCATC's revenue (43.3% per year) is forecast to grow faster than the Norwegian market (2.2% per year).

High Growth Revenue: SCATC's revenue (43.3% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SCATC's Return on Equity is forecast to be low in 3 years time (10.7%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/08 23:33
End of Day Share Price 2026/05/08 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Scatec ASA is covered by 11 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Manuel PalomoBNP Paribas
Eivind GarvikCarnegie Investment Bank AB