Norsk Renewables Second Quarter 2024 Earnings: Revenues Miss Expectations

Simply Wall St · 09/01 08:15

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).
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OB:NSOL Earnings and Revenue Growth September 1st 2024

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.