Scatec Management
Management criteria checks 3/4
Scatec's CEO is Terje Pilskog, appointed in May 2022, has a tenure of 4.17 years. total yearly compensation is NOK9.47M, comprised of 50.2% salary and 49.8% bonuses, including company stock and options. directly owns 0.34% of the company’s shares, worth NOK52.71M. The average tenure of the management team and the board of directors is 3.3 years and 2.5 years respectively.
Key information
Terje Pilskog
Chief executive officer
NOK 9.5m
Total compensation
| CEO salary percentage | 50.22% |
| CEO tenure | 4.2yrs |
| CEO ownership | 0.3% |
| Management average tenure | 3.3yrs |
| Board average tenure | 2.5yrs |
Recent management updates
Recent updates
Narrative Update • Jun 25
SCATC: Tunisian Solar Expansion And Long-Term PPAs Will Support Future Cash Flows
Analysts have raised their Scatec price target to NOK 129.89, with the updated view reflecting a slightly higher discount rate and continued reliance on robust revenue growth and profit margin assumptions, as recent research turns more positive on the stock. What’s in the News for Scatec Scatec and partner Aeolus SAS reached financial close and started construction of the 120 MW Sidi Bouzid II solar power plant in Tunisia, a government tender project that supports Tunisia’s target of 35% renewable energy generation by 2030 and aims to improve national energy security.Analysis Article • Jun 19
Scatec (OB:SCATC) Stock Could Be 25.9% Undervalued After Tunisia Solar Project Move
Scatec (OB:SCATC) has reached financial close and started construction of the 120 MW Sidi Bouzid II solar plant in Tunisia, a new project with partner Aeolus SAS that expands its North African presence. See our latest analysis for Scatec. Despite the Sidi Bouzid II announcement and the recently launched share repurchase program for employee incentives, Scatec's 30-day share price return is down 8.63% and the year to date share price return is down 10.75%. At the same time, the 1-year total...Narrative Update • Jun 06
SCATC: Long-Term PPAs And New Tunisian Solar Output Will Support Future Cash Flows
Analysts have revised their fair value estimate for Scatec from NOK 134.78 to NOK 129.89, as a higher discount rate offsets slightly firmer revenue growth, stronger profit margin assumptions and a lower future P/E. What's in the News Scatec issued new guidance for power production, targeting 1,150 GWh to 1,250 GWh for the second quarter of 2026 and 5,050 GWh to 5,450 GWh for the full year 2026.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...
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...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | NOK 56m |
| Dec 31 2025 | NOK 9m | NOK 5m | NOK 978m |
| Sep 30 2025 | n/a | n/a | NOK 890m |
| Jun 30 2025 | n/a | n/a | NOK 3b |
| Mar 31 2025 | n/a | n/a | NOK 2b |
| Dec 31 2024 | NOK 8m | NOK 4m | NOK 1b |
| Sep 30 2024 | n/a | n/a | NOK 2b |
| Jun 30 2024 | n/a | n/a | NOK 319m |
| Mar 31 2024 | n/a | n/a | NOK 676m |
| Dec 31 2023 | NOK 6m | NOK 4m | NOK 628m |
| Sep 30 2023 | n/a | n/a | -NOK 176m |
| Jun 30 2023 | n/a | n/a | NOK 35m |
| Mar 31 2023 | n/a | n/a | -NOK 364m |
| Dec 31 2022 | NOK 5m | NOK 3m | -NOK 1b |
| Sep 30 2022 | n/a | n/a | -NOK 829m |
| Jun 30 2022 | n/a | n/a | -NOK 953m |
| Mar 31 2022 | n/a | n/a | -NOK 763m |
| Dec 31 2021 | NOK 4m | NOK 3m | NOK 388m |
| Sep 30 2021 | n/a | n/a | -NOK 316m |
| Jun 30 2021 | n/a | n/a | -NOK 504m |
| Mar 31 2021 | n/a | n/a | -NOK 695m |
| Dec 31 2020 | NOK 3m | NOK 2m | -NOK 478m |
| Sep 30 2020 | n/a | n/a | NOK 68m |
| Jun 30 2020 | n/a | n/a | NOK 156m |
| Mar 31 2020 | n/a | n/a | NOK 229m |
| Dec 31 2019 | NOK 3m | NOK 2m | -NOK 39m |
Compensation vs Market: Terje's total compensation ($USD966.50K) is about average for companies of similar size in the Norwegian market ($USD1.09M).
Compensation vs Earnings: Terje's compensation has been consistent with company performance over the past year.
CEO
Terje Pilskog (55 yo)
4.2yrs
Tenure
NOK 9,468,000
Compensation
Mr. Terje Pilskog serves as Chief Executive Officer of Scatec ASA since May 01, 2022. He serves as a Member of the Council at Stiftelsen Det Norske Veritas. Mr. Pilskog served as an Executive Vice Presiden...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 4.2yrs | NOK 9.47m | 0.34% NOK 52.7m | |
| Chief Financial Officer | 3.3yrs | NOK 8.09m | no data | |
| Executive Vice President of Operations | 2.5yrs | NOK 6.37m | 0.0046% NOK 714.8k | |
| Executive VP & General Counsel | 3.4yrs | NOK 5.16m | 0.00073% NOK 113.2k | |
| EVP of People & Organisation | 1.5yrs | NOK 590.00k | no data | |
| EVP of Asia & Sustainability | 16.5yrs | NOK 5.30m | 0.051% NOK 7.8m | |
| Executive Vice President of Latin America & Europe | 4.2yrs | NOK 5.50m | 0.0071% NOK 1.1m | |
| Executive Vice President of Green Hydrogen & Egypt | 2.8yrs | NOK 6.16m | 0.00099% NOK 153.5k | |
| Executive VP & GM for Sub-Saharan Africa | 1.5yrs | NOK 4.16m | no data | |
| Senior Vice President of Investor Relations | no data | no data | 0.0017% NOK 266.7k | |
| Senior Vice President of External Affairs & Communications | no data | no data | no data | |
| Senior Vice President of Business Development | no data | no data | no data |
3.3yrs
Average Tenure
56yo
Average Age
Experienced Management: SCATC's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 4.3yrs | NOK 586.00k | 0.0063% NOK 970.6k | |
| Independent Chairman of the Board | 5.3yrs | NOK 1.05m | 0.0063% NOK 970.6k | |
| Director | less than a year | no data | no data | |
| Independent Director | 2.5yrs | NOK 517.00k | 0.0033% NOK 514.8k | |
| Independent Director | 2.5yrs | NOK 588.00k | 0.0031% NOK 485.3k | |
| Director | less than a year | no data | no data | |
| Independent Director | 4.3yrs | NOK 478.00k | 0.0037% NOK 581.4k |
2.5yrs
Average Tenure
58yo
Average Age
Experienced Board: SCATC's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/07 02:54 |
| End of Day Share Price | 2026/07/07 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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 |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Manuel Palomo | BNP Paribas |
| Eivind Garvik | Carnegie Investment Bank AB |