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Scatec Solar OL
Buy, Hold or Sell?

Let's analyse Scatec together

PenkeI guess you are interested in Scatec Solar OL. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Scatec Solar OL. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Scatec (30 sec.)










What can you expect buying and holding a share of Scatec? (30 sec.)

How much money do you get?

How much money do you get?
kr0.79
When do you have the money?
1 year
How often do you get paid?
62.5%

What is your share worth?

Current worth
kr55.00
Expected worth in 1 year
kr52.10
How sure are you?
70.0%

+ What do you gain per year?

Total Gains per Share
kr5.62
Return On Investment
7.8%

For what price can you sell your share?

Current Price per Share
kr72.15
Expected price per share
kr61.70 - kr82.45
How sure are you?
50%

1. Valuation of Scatec (5 min.)




Live pricePrice per Share (EOD)

kr72.15

Intrinsic Value Per Share

kr-323.28 - kr-48.36

Total Value Per Share

kr-268.28 - kr6.64

2. Growth of Scatec (5 min.)




Is Scatec growing?

Current yearPrevious yearGrowGrow %
How rich?$809.3m$849.8m-$46.6m-5.8%

How much money is Scatec making?

Current yearPrevious yearGrowGrow %
Making money-$4m-$19.1m$15.1m373.7%
Net Profit Margin-6.2%-29.6%--

How much money comes from the company's main activities?

3. Financial Health of Scatec (5 min.)




What can you expect buying and holding a share of Scatec? (5 min.)

Welcome investor! Scatec's management wants to use your money to grow the business. In return you get a share of Scatec.

What can you expect buying and holding a share of Scatec?

First you should know what it really means to hold a share of Scatec. And how you can make/lose money.

Speculation

The Price per Share of Scatec is kr72.15. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Scatec.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Scatec, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is kr55.00. Based on the TTM, the Book Value Change Per Share is kr-0.72 per quarter. Based on the YOY, the Book Value Change Per Share is kr-0.68 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is kr2.13 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Scatec.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 kr% of Price per Sharekr% of Price per Sharekr% of Price per Sharekr% of Price per Sharekr% of Price per Share
Usd Eps0.030.0%0.040.1%-0.12-0.2%-0.020.0%0.000.0%
Usd Book Value Change Per Share-0.11-0.1%-0.07-0.1%-0.06-0.1%0.190.3%0.130.2%
Usd Dividend Per Share0.250.3%0.200.3%0.130.2%0.100.1%0.050.1%
Usd Total Gains Per Share0.140.2%0.130.2%0.070.1%0.290.4%0.180.3%
Usd Price Per Share5.83-6.51-10.34-12.56-7.83-
Price to Earnings Ratio55.62-16.33-3.46-7.38-6.98-
Price-to-Total Gains Ratio40.37-14.61-30.47--8.45--524.50-
Price to Book Ratio1.15-1.29-1.93-3.64-3.56-
Price-to-Total Gains Ratio40.37-14.61-30.47--8.45--524.50-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share6.68109
Number of shares149
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.200.10
Usd Book Value Change Per Share-0.070.19
Usd Total Gains Per Share0.130.29
Gains per Quarter (149 shares)19.3842.66
Gains per Year (149 shares)77.53170.66
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1117-406858112161
2235-80146117225332
3352-120224175337503
4470-160302233449674
5587-200380292562845
6705-2404583506741016
7822-2805364087861187
8940-3206144678991358
91057-35969252510111529
101175-39977058311231700

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share3.01.00.075.0%8.04.00.066.7%11.09.00.055.0%23.017.00.057.5%24.018.00.057.1%
Book Value Change Per Share2.02.00.050.0%9.03.00.075.0%14.06.00.070.0%27.012.01.067.5%27.012.03.064.3%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%25.00.015.062.5%25.00.017.059.5%
Total Gains per Share3.01.00.075.0%10.02.00.083.3%15.05.00.075.0%28.011.01.070.0%28.011.03.066.7%

Fundamentals of Scatec

About Scatec Solar OL

Scatec ASA, together with its subsidiaries, provides renewable energy solutions worldwide. The company operates through Power Production; Services; and Development & Construction segments. It develops, builds, owns, and operates solar, wind, and hydro power plants and storage solutions. The company is also involved in the engineering, procurement, construction, operation, maintenance, and asset management of power plants. It has a total of 4.6 GW in operation and under construction. The company was formerly known as Scatec Solar ASA and changed its name to Scatec ASA in November 2020. Scatec ASA was incorporated in 2007 and is headquartered in Oslo, Norway.

Fundamental data was last updated by Penke on 2024-03-12 21:49:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is efficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Scatec Solar OL.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Scatec earns for each kr1 of revenue.

  • Above 10% is considered healthy but always compare Scatec to the Utilities - Renewable industry mean.
  • A Net Profit Margin of 5.5% means that kr0.05 for each kr1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Scatec Solar OL:

  • The MRQ is 5.5%. The company is making a profit. +1
  • The TTM is -6.2%. The company is making a loss. -1
Trends
Current periodCompared to+/- 
MRQ5.5%TTM-6.2%+11.6%
TTM-6.2%YOY-29.6%+23.4%
TTM-6.2%5Y-8.8%+2.6%
5Y-8.8%10Y0.1%-8.9%
1.1.2. Return on Assets

Shows how efficient Scatec is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Scatec to the Utilities - Renewable industry mean.
  • 0.1% Return on Assets means that Scatec generated kr0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Scatec Solar OL:

  • The MRQ is 0.1%. Using its assets, the company is inefficient in making profit. -1
  • The TTM is -0.1%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ0.1%TTM-0.1%+0.2%
TTM-0.1%YOY-0.7%+0.5%
TTM-0.1%5Y-0.2%+0.1%
5Y-0.2%10Y0.5%-0.7%
1.1.3. Return on Equity

Shows how efficient Scatec is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Scatec to the Utilities - Renewable industry mean.
  • 0.5% Return on Equity means Scatec generated kr0.01 for each kr1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Scatec Solar OL:

  • The MRQ is 0.5%. Using its investors money, the company is inefficient in making profit. -1
  • The TTM is -0.6%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ0.5%TTM-0.6%+1.1%
TTM-0.6%YOY-2.7%+2.1%
TTM-0.6%5Y-0.7%+0.1%
5Y-0.7%10Y2.2%-2.8%

1.2. Operating Efficiency of Scatec Solar OL.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Scatec is operating .

  • Measures how much profit Scatec makes for each kr1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Scatec to the Utilities - Renewable industry mean.
  • An Operating Margin of 0.0% means the company generated kr0.00  for each kr1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Scatec Solar OL:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM13.8%-13.8%
TTM13.8%YOY10.1%+3.7%
TTM13.8%5Y30.7%-16.9%
5Y30.7%10Y43.3%-12.6%
1.2.2. Operating Ratio

Measures how efficient Scatec is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Utilities - Renewable industry mean).
  • An Operation Ratio of 0.58 means that the operating costs are kr0.58 for each kr1 in net sales.

Let's take a look of the Operating Ratio trends of Scatec Solar OL:

  • The MRQ is 0.577. The company is very efficient in keeping operating costs low. +2
  • The TTM is 0.614. The company is efficient in keeping operating costs low. +1
Trends
Current periodCompared to+/- 
MRQ0.577TTM0.614-0.037
TTM0.614YOY1.005-0.391
TTM0.6145Y0.640-0.026
5Y0.64010Y0.580+0.060

1.3. Liquidity of Scatec Solar OL.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Scatec is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Utilities - Renewable industry mean).
  • A Current Ratio of 0.85 means the company has kr0.85 in assets for each kr1 in short-term debts.

Let's take a look of the Current Ratio trends of Scatec Solar OL:

  • The MRQ is 0.845. The company is just not able to pay all its short-term debts. -1
  • The TTM is 1.128. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ0.845TTM1.128-0.283
TTM1.128YOY1.709-0.580
TTM1.1285Y1.772-0.644
5Y1.77210Y1.964-0.192
1.3.2. Quick Ratio

Measures if Scatec is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Scatec to the Utilities - Renewable industry mean.
  • A Quick Ratio of 0.54 means the company can pay off kr0.54 for each kr1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Scatec Solar OL:

  • The MRQ is 0.545. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.718. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.545TTM0.718-0.173
TTM0.718YOY1.219-0.501
TTM0.7185Y1.314-0.596
5Y1.31410Y1.418-0.104

1.4. Solvency of Scatec Solar OL.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Scatec assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Scatec to Utilities - Renewable industry mean.
  • A Debt to Asset Ratio of 0.80 means that Scatec assets are financed with 80.2% credit (debt) and the remaining percentage (100% - 80.2%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Scatec Solar OL:

  • The MRQ is 0.802. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.788. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.802TTM0.788+0.014
TTM0.788YOY0.733+0.055
TTM0.7885Y0.772+0.015
5Y0.77210Y0.788-0.016
1.4.2. Debt to Equity Ratio

Measures if Scatec is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Scatec to the Utilities - Renewable industry mean.
  • A Debt to Equity ratio of 404.7% means that company has kr4.05 debt for each kr1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Scatec Solar OL:

  • The MRQ is 4.047. The company is unable to pay all its debts with equity. -1
  • The TTM is 3.725. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ4.047TTM3.725+0.322
TTM3.725YOY2.891+0.834
TTM3.7255Y4.232-0.507
5Y4.23210Y6.863-2.632

2. Market Valuation of Scatec Solar OL

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every kr1 in earnings Scatec generates.

  • Above 15 is considered overpriced but always compare Scatec to the Utilities - Renewable industry mean.
  • A PE ratio of 55.62 means the investor is paying kr55.62 for every kr1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Scatec Solar OL:

  • The EOD is 63.699. Based on the earnings, the company is expensive. -2
  • The MRQ is 55.621. Based on the earnings, the company is expensive. -2
  • The TTM is 16.328. Based on the earnings, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD63.699MRQ55.621+8.078
MRQ55.621TTM16.328+39.293
TTM16.328YOY3.464+12.864
TTM16.3285Y7.377+8.951
5Y7.37710Y6.982+0.395
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Scatec Solar OL:

  • The EOD is -6.328. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -5.525. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -3.414. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-6.328MRQ-5.525-0.802
MRQ-5.525TTM-3.414-2.112
TTM-3.414YOY15.043-18.457
TTM-3.4145Y-257.464+254.050
5Y-257.46410Y-129.636-127.828
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Scatec is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Utilities - Renewable industry mean).
  • A PB ratio of 1.15 means the investor is paying kr1.15 for each kr1 in book value.

Let's take a look of the Price to Book Ratio trends of Scatec Solar OL:

  • The EOD is 1.312. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.146. Based on the equity, the company is underpriced. +1
  • The TTM is 1.292. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.312MRQ1.146+0.166
MRQ1.146TTM1.292-0.147
TTM1.292YOY1.932-0.640
TTM1.2925Y3.643-2.351
5Y3.64310Y3.559+0.084
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Scatec Solar OL compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---1.139-0.724-36%-0.676-41%2.035-156%1.375-183%
Book Value Per Share--54.99754.580+1%57.749-5%43.768+26%26.077+111%
Current Ratio--0.8451.128-25%1.709-51%1.772-52%1.964-57%
Debt To Asset Ratio--0.8020.788+2%0.733+9%0.772+4%0.788+2%
Debt To Equity Ratio--4.0473.725+9%2.891+40%4.232-4%6.863-41%
Dividend Per Share--2.7002.128+27%1.417+90%1.057+155%0.573+371%
Eps--0.2830.456-38%-1.304+561%-0.242+186%-0.003+101%
Free Cash Flow Per Share---2.851-5.915+108%1.150-348%-2.588-9%-2.027-29%
Free Cash Flow To Equity Per Share--10.3640.599+1629%0.324+3098%3.160+228%1.745+494%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---48.358--------
Intrinsic Value_10Y_min---323.277--------
Intrinsic Value_1Y_max---5.449--------
Intrinsic Value_1Y_min---12.311--------
Intrinsic Value_3Y_max---15.912--------
Intrinsic Value_3Y_min---54.604--------
Intrinsic Value_5Y_max---25.821--------
Intrinsic Value_5Y_min---115.877--------
Market Cap11465860972.800+13%10011788640.00011179036061.600-10%17749841526.080-44%21589333936.176-54%13454341475.448-26%
Net Profit Margin--0.055-0.062+212%-0.296+640%-0.088+260%0.001+4224%
Operating Margin---0.138-100%0.101-100%0.307-100%0.433-100%
Operating Ratio--0.5770.614-6%1.005-43%0.640-10%0.5800%
Pb Ratio1.312+13%1.1461.292-11%1.932-41%3.643-69%3.559-68%
Pe Ratio63.699+13%55.62116.328+241%3.464+1506%7.377+654%6.982+697%
Price Per Share72.150+13%63.00070.345-10%111.693-44%135.628-54%84.550-25%
Price To Free Cash Flow Ratio-6.328-15%-5.525-3.414-38%15.043-137%-257.464+4560%-129.636+2246%
Price To Total Gains Ratio46.233+13%40.37014.609+176%30.467+33%-8.451+121%-524.496+1399%
Quick Ratio--0.5450.718-24%1.219-55%1.314-59%1.418-62%
Return On Assets--0.001-0.001+247%-0.007+792%-0.002+318%0.005-79%
Return On Equity--0.005-0.006+214%-0.027+632%-0.007+231%0.022-77%
Total Gains Per Share--1.5611.405+11%0.742+110%3.092-50%1.948-20%
Usd Book Value--809324000.000803189250.000+1%849813350.000-5%644991410.000+25%384201615.615+111%
Usd Book Value Change Per Share---0.105-0.067-36%-0.063-41%0.188-156%0.127-183%
Usd Book Value Per Share--5.0935.054+1%5.348-5%4.053+26%2.415+111%
Usd Dividend Per Share--0.2500.197+27%0.131+90%0.098+155%0.053+371%
Usd Eps--0.0260.042-38%-0.121+561%-0.022+186%0.000+101%
Usd Free Cash Flow---41947800.000-87044000.000+108%16922650.000-348%-38074342.000-9%-29817848.200-29%
Usd Free Cash Flow Per Share---0.264-0.548+108%0.106-348%-0.240-9%-0.188-29%
Usd Free Cash Flow To Equity Per Share--0.9600.056+1629%0.030+3098%0.293+228%0.162+494%
Usd Market Cap1061738726.081+13%927091628.0641035178739.304-10%1643635325.315-44%1999172322.490-54%1245872020.626-26%
Usd Price Per Share6.681+13%5.8346.514-10%10.343-44%12.559-54%7.829-25%
Usd Profit--4074400.000-4051250.000+199%-19191350.000+571%-5711105.000+240%-1122934.735+128%
Usd Revenue--74450400.00075607900.000-2%69218500.000+8%62151731.000+20%45304149.505+64%
Usd Total Gains Per Share--0.1450.130+11%0.069+110%0.286-50%0.180-20%
 EOD+5 -3MRQTTM+21 -14YOY+18 -175Y+19 -1610Y+17 -18

3.2. Fundamental Score

Let's check the fundamental score of Scatec Solar OL based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1563.699
Price to Book Ratio (EOD)Between0-11.312
Net Profit Margin (MRQ)Greater than00.055
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.545
Current Ratio (MRQ)Greater than10.845
Debt to Asset Ratio (MRQ)Less than10.802
Debt to Equity Ratio (MRQ)Less than14.047
Return on Equity (MRQ)Greater than0.150.005
Return on Assets (MRQ)Greater than0.050.001
Total2/10 (20.0%)

3.3. Technical Score

Let's check the technical score of Scatec Solar OL based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5057.167
Ma 20Greater thanMa 5068.570
Ma 50Greater thanMa 10070.168
Ma 100Greater thanMa 20071.482
OpenGreater thanClose72.350
Total3/5 (60.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2022-09-302022-12-312023-03-312023-06-302023-09-30
Tax Provision  42,000-27,00015,00085,000100,000-58,00042,000-45,000-3,000



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in NOK. All numbers in thousands.

Summary
Total Assets44,110,000
Total Liabilities35,370,000
Total Stockholder Equity8,740,000
 As reported
Total Liabilities 35,370,000
Total Stockholder Equity+ 8,740,000
Total Assets = 44,110,000

Assets

Total Assets44,110,000
Total Current Assets7,043,000
Long-term Assets37,066,000
Total Current Assets
Cash And Cash Equivalents 3,919,000
Net Receivables 620,000
Other Current Assets 2,505,000
Total Current Assets  (as reported)7,043,000
Total Current Assets  (calculated)7,044,000
+/- 1,000
Long-term Assets
Property Plant Equipment 22,978,000
Intangible Assets 814,000
Other Assets 1,624,000
Long-term Assets  (as reported)37,066,000
Long-term Assets  (calculated)25,416,000
+/- 11,650,000

Liabilities & Shareholders' Equity

Total Current Liabilities8,330,000
Long-term Liabilities25,683,000
Total Stockholder Equity8,740,000
Total Current Liabilities
Short-term Debt 384,000
Short Long Term Debt 2,840,000
Accounts payable 2,280,000
Other Current Liabilities 2,471,000
Total Current Liabilities  (as reported)8,330,000
Total Current Liabilities  (calculated)7,975,000
+/- 355,000
Long-term Liabilities
Long term Debt Total 23,198,000
Long-term Liabilities Other 1,474,000
Long-term Liabilities  (as reported)25,683,000
Long-term Liabilities  (calculated)24,672,000
+/- 1,011,000
Total Stockholder Equity
Common Stock4,000
Retained Earnings -2,356,000
Capital Surplus 9,835,000
Other Stockholders Equity 1,257,000
Total Stockholder Equity (as reported)8,740,000
Total Stockholder Equity (calculated)8,740,000
+/-0
Other
Capital Stock4,000
Cash And Equivalents3,918,000
Cash and Short Term Investments 3,918,000
Common Stock Shares Outstanding 158,917
Liabilities and Stockholders Equity 44,110,000
Net Debt 22,119,000
Net Invested Capital 34,778,000
Net Working Capital -1,287,000
Property Plant and Equipment Gross 22,978,000



Balance Sheet

Currency in NOK. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-30
> Total Assets 
0
0
1,498,135
0
4,173,327
4,063,073
5,011,786
6,141,524
6,937,126
7,204,950
7,983,623
7,725,589
7,633,139
7,537,337
7,075,139
7,492,394
7,246,405
7,467,775
10,240,352
10,646,900
11,289,300
11,475,100
14,857,000
15,876,000
17,492,000
20,436,000
21,578,000
24,408,000
24,302,000
23,919,000
26,664,000
33,553,000
33,214,000
33,348,000
33,030,000
31,758,000
34,019,000
39,280,000
36,730,000
39,962,000
43,271,000
44,110,000
44,110,00043,271,00039,962,00036,730,00039,280,00034,019,00031,758,00033,030,00033,348,00033,214,00033,553,00026,664,00023,919,00024,302,00024,408,00021,578,00020,436,00017,492,00015,876,00014,857,00011,475,10011,289,30010,646,90010,240,3527,467,7757,246,4057,492,3947,075,1397,537,3377,633,1397,725,5897,983,6237,204,9506,937,1266,141,5245,011,7864,063,0734,173,32701,498,13500
   > Total Current Assets 
0
0
810,685
0
1,093,247
861,555
1,261,071
1,546,181
1,241,592
1,268,898
2,139,816
1,682,377
1,251,243
1,192,494
1,484,101
1,863,358
1,575,032
1,550,524
3,660,563
3,133,400
3,174,500
2,843,600
4,442,000
4,190,000
4,681,000
5,908,000
4,495,000
4,865,000
5,670,000
5,455,000
9,074,000
6,369,000
5,751,000
6,012,000
5,645,000
5,474,000
5,205,000
7,913,000
6,512,000
8,001,000
7,452,000
7,043,000
7,043,0007,452,0008,001,0006,512,0007,913,0005,205,0005,474,0005,645,0006,012,0005,751,0006,369,0009,074,0005,455,0005,670,0004,865,0004,495,0005,908,0004,681,0004,190,0004,442,0002,843,6003,174,5003,133,4003,660,5631,550,5241,575,0321,863,3581,484,1011,192,4941,251,2431,682,3772,139,8161,268,8981,241,5921,546,1811,261,071861,5551,093,2470810,68500
       Cash And Cash Equivalents 
0
0
444,606
0
131,964
492,953
933,566
1,198,107
842,165
797,173
1,464,788
1,055,150
770,513
732,406
1,019,384
1,474,345
1,221,151
1,118,912
2,805,258
2,456,600
2,356,100
1,994,100
3,236,000
2,731,000
2,336,000
3,385,000
2,745,000
2,987,000
4,004,000
3,918,000
5,949,000
4,681,000
4,121,000
4,269,000
2,335,000
2,550,000
3,713,000
5,254,000
3,909,000
3,435,000
3,786,000
3,919,000
3,919,0003,786,0003,435,0003,909,0005,254,0003,713,0002,550,0002,335,0004,269,0004,121,0004,681,0005,949,0003,918,0004,004,0002,987,0002,745,0003,385,0002,336,0002,731,0003,236,0001,994,1002,356,1002,456,6002,805,2581,118,9121,221,1511,474,3451,019,384732,406770,5131,055,1501,464,788797,173842,1651,198,107933,566492,953131,9640444,60600
       Short-term Investments 
0
0
50,552
0
17,895
5,353
2,946
42
160
87
1,086
472
3,788
1,322
1,289
718
352
209
157
100
121,200
162,500
149,000
137,000
116,000
37,000
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000037,000116,000137,000149,000162,500121,2001001572093527181,2891,3223,7884721,08687160422,9465,35317,895050,55200
       Net Receivables 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,153,000
687,000
764,000
781,000
1,268,000
691,000
664,000
823,000
1,452,000
634,000
739,000
760,000
1,024,000
547,000
607,000
620,000
620,000607,000547,0001,024,000760,000739,000634,0001,452,000823,000664,000691,0001,268,000781,000764,000687,0001,153,00000000000000000000000000000
       Other Current Assets 
0
0
302,484
0
943,388
363,249
324,496
348,032
399,267
471,638
673,942
626,755
476,942
458,766
463,428
388,295
353,529
431,403
855,148
676,700
697,200
687,000
1,057,000
1,322,000
2,229,000
2,486,000
1,750,000
1,878,000
1,666,000
1,537,000
3,125,000
1,688,000
1,630,000
1,743,000
3,310,000
2,924,000
682,000
1,661,000
1,335,000
4,019,000
2,819,000
2,505,000
2,505,0002,819,0004,019,0001,335,0001,661,000682,0002,924,0003,310,0001,743,0001,630,0001,688,0003,125,0001,537,0001,666,0001,878,0001,750,0002,486,0002,229,0001,322,0001,057,000687,000697,200676,700855,148431,403353,529388,295463,428458,766476,942626,755673,942471,638399,267348,032324,496363,249943,3880302,48400
   > Long-term Assets 
0
0
687,450
0
3,080,080
3,201,518
3,750,715
4,595,343
5,695,534
5,936,052
5,843,807
6,043,212
6,381,896
6,344,843
5,591,038
5,629,036
5,671,373
5,917,251
6,579,789
7,513,500
8,114,800
8,631,500
10,415,000
11,686,000
12,811,000
14,528,000
17,083,000
19,543,000
18,632,000
18,464,000
17,590,000
27,184,000
27,463,000
27,336,000
27,385,000
26,284,000
28,814,000
31,368,000
30,218,000
31,962,000
35,819,000
37,066,000
37,066,00035,819,00031,962,00030,218,00031,368,00028,814,00026,284,00027,385,00027,336,00027,463,00027,184,00017,590,00018,464,00018,632,00019,543,00017,083,00014,528,00012,811,00011,686,00010,415,0008,631,5008,114,8007,513,5006,579,7895,917,2515,671,3735,629,0365,591,0386,344,8436,381,8966,043,2125,843,8075,936,0525,695,5344,595,3433,750,7153,201,5183,080,0800687,45000
       Property Plant Equipment 
0
0
470,298
0
2,561,071
2,621,250
3,062,424
3,901,641
4,954,412
5,259,113
5,216,188
5,487,279
5,827,683
5,813,504
5,081,267
5,118,237
5,147,910
4,977,028
5,618,330
6,347,400
6,953,800
7,474,600
9,009,000
10,257,000
11,293,000
12,791,000
15,401,000
17,736,000
16,788,000
16,646,000
15,861,000
15,926,000
16,066,000
16,036,000
15,885,000
15,005,000
16,329,000
17,510,000
17,310,000
18,015,000
21,803,000
22,978,000
22,978,00021,803,00018,015,00017,310,00017,510,00016,329,00015,005,00015,885,00016,036,00016,066,00015,926,00015,861,00016,646,00016,788,00017,736,00015,401,00012,791,00011,293,00010,257,0009,009,0007,474,6006,953,8006,347,4005,618,3304,977,0285,147,9105,118,2375,081,2675,813,5045,827,6835,487,2795,216,1885,259,1134,954,4123,901,6413,062,4242,621,2502,561,0710470,29800
       Goodwill 
0
0
0
0
20,616
19,918
22,169
21,350
21,564
23,364
23,595
23,094
22,815
22,044
0
22,490
23,478
23,089
0
23,700
23,300
23,200
0
24,000
24,000
24,000
24,000
25,000
25,000
25,000
25,000
239,000
240,000
245,000
321,000
0
0
0
357,000
0
0
0
000357,000000321,000245,000240,000239,00025,00025,00025,00025,00024,00024,00024,00024,000023,20023,30023,700023,08923,47822,490022,04422,81523,09423,59523,36421,56421,35022,16919,91820,6160000
       Intangible Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
22,289
0
0
0
24,138
0
0
0
24,000
0
0
0
0
0
220,000
214,000
225,000
391,000
395,000
392,000
476,000
699,000
759,000
810,000
758,000
806,000
833,000
814,000
814,000833,000806,000758,000810,000759,000699,000476,000392,000395,000391,000225,000214,000220,0000000024,00000024,13800022,28900000000000000
       Other Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
930,000
1,051,000
925,000
928,000
866,000
879,000
966,000
997,000
926,000
1,045,000
1,246,000
1,622,000
976,000
1,366,000
1,489,000
1,624,000
1,624,0001,489,0001,366,000976,0001,622,0001,246,0001,045,000926,000997,000966,000879,000866,000928,000925,0001,051,000930,00000000000000000000000000000
> Total Liabilities 
0
0
1,065,915
0
3,707,575
3,502,710
3,835,203
4,831,858
5,521,195
5,774,790
6,558,226
6,438,320
6,474,161
6,378,635
5,762,400
5,970,446
5,698,817
5,624,798
8,353,124
8,932,100
8,985,800
9,204,300
12,382,000
13,512,000
15,369,000
16,854,000
17,938,000
20,349,000
18,603,000
18,434,000
17,196,000
23,916,000
23,532,000
23,659,000
23,111,000
23,204,000
24,983,000
30,080,000
28,467,000
31,191,000
34,350,000
35,370,000
35,370,00034,350,00031,191,00028,467,00030,080,00024,983,00023,204,00023,111,00023,659,00023,532,00023,916,00017,196,00018,434,00018,603,00020,349,00017,938,00016,854,00015,369,00013,512,00012,382,0009,204,3008,985,8008,932,1008,353,1245,624,7985,698,8175,970,4465,762,4006,378,6356,474,1616,438,3206,558,2265,774,7905,521,1954,831,8583,835,2033,502,7103,707,57501,065,91500
   > Total Current Liabilities 
0
0
678,241
0
1,111,661
431,447
395,766
819,526
783,402
756,254
715,429
666,256
653,627
695,932
509,249
670,781
472,517
656,888
935,433
1,506,100
1,496,600
1,454,300
1,800,000
2,100,000
2,410,000
2,392,000
2,750,000
3,286,000
3,223,000
3,433,000
3,495,000
4,156,000
2,480,000
2,605,000
2,913,000
3,385,000
3,530,000
4,382,000
4,039,000
6,955,000
8,232,000
8,330,000
8,330,0008,232,0006,955,0004,039,0004,382,0003,530,0003,385,0002,913,0002,605,0002,480,0004,156,0003,495,0003,433,0003,223,0003,286,0002,750,0002,392,0002,410,0002,100,0001,800,0001,454,3001,496,6001,506,100935,433656,888472,517670,781509,249695,932653,627666,256715,429756,254783,402819,526395,766431,4471,111,6610678,24100
       Short-term Debt 
0
0
17,739
0
447,825
77,550
112,786
195,887
127,521
207,087
172,700
256,218
221,888
302,769
281,145
359,056
305,098
354,073
316,645
442,200
341,300
428,200
364,000
455,000
389,000
527,000
851,000
912,000
1,315,000
1,545,000
1,696,000
1,880,000
844,000
908,000
1,186,000
1,708,000
0
0
0
373,000
284,000
384,000
384,000284,000373,0000001,708,0001,186,000908,000844,0001,880,0001,696,0001,545,0001,315,000912,000851,000527,000389,000455,000364,000428,200341,300442,200316,645354,073305,098359,056281,145302,769221,888256,218172,700207,087127,521195,887112,78677,550447,825017,73900
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
837,000
912,000
1,315,000
1,545,000
1,661,000
1,880,000
844,000
908,000
1,147,000
1,708,000
1,807,000
2,039,000
2,194,000
2,642,000
2,414,000
2,840,000
2,840,0002,414,0002,642,0002,194,0002,039,0001,807,0001,708,0001,147,000908,000844,0001,880,0001,661,0001,545,0001,315,000912,000837,00000000000000000000000000000
       Accounts payable 
0
0
399,307
0
354,503
71,073
69,947
407,512
415,552
232,167
154,154
22,245
39,898
20,002
29,346
25,450
28,708
31,081
216,339
511,700
425,100
260,700
162,000
228,000
234,000
557,000
888,000
829,000
867,000
806,000
760,000
748,000
783,000
769,000
812,000
719,000
820,000
1,063,000
594,000
453,000
3,040,000
2,280,000
2,280,0003,040,000453,000594,0001,063,000820,000719,000812,000769,000783,000748,000760,000806,000867,000829,000888,000557,000234,000228,000162,000260,700425,100511,700216,33931,08128,70825,45029,34620,00239,89822,245154,154232,167415,552407,51269,94771,073354,5030399,30700
       Other Current Liabilities 
0
0
261,195
0
309,333
282,824
213,033
216,127
240,329
317,000
388,575
387,793
391,841
373,161
198,758
286,275
138,711
271,734
402,449
552,200
730,200
765,400
1,274,000
1,417,000
1,787,000
1,308,000
1,011,000
1,545,000
1,041,000
1,082,000
1,039,000
1,528,000
853,000
928,000
915,000
958,000
858,000
1,235,000
837,000
1,347,000
2,776,000
2,471,000
2,471,0002,776,0001,347,000837,0001,235,000858,000958,000915,000928,000853,0001,528,0001,039,0001,082,0001,041,0001,545,0001,011,0001,308,0001,787,0001,417,0001,274,000765,400730,200552,200402,449271,734138,711286,275198,758373,161391,841387,793388,575317,000240,329216,127213,033282,824309,3330261,19500
   > Long-term Liabilities 
0
0
387,674
0
2,595,914
3,071,263
3,439,437
4,012,332
4,737,793
5,018,536
5,842,797
5,772,064
5,820,534
5,682,703
5,253,151
5,299,665
5,226,300
4,967,910
7,417,691
7,426,000
7,489,200
7,750,000
10,582,000
11,412,000
12,959,000
14,462,000
15,188,000
17,063,000
15,380,000
15,001,000
13,701,000
19,760,000
21,052,000
21,054,000
20,198,000
19,819,000
21,453,000
25,011,000
23,888,000
23,761,000
25,083,000
25,683,000
25,683,00025,083,00023,761,00023,888,00025,011,00021,453,00019,819,00020,198,00021,054,00021,052,00019,760,00013,701,00015,001,00015,380,00017,063,00015,188,00014,462,00012,959,00011,412,00010,582,0007,750,0007,489,2007,426,0007,417,6914,967,9105,226,3005,299,6655,253,1515,682,7035,820,5345,772,0645,842,7975,018,5364,737,7934,012,3323,439,4373,071,2632,595,9140387,67400
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
11,350,000
17,647,000
18,686,000
18,699,000
17,972,000
17,764,000
19,212,000
22,671,000
21,515,000
21,096,000
22,716,000
23,198,000
23,198,00022,716,00021,096,00021,515,00022,671,00019,212,00017,764,00017,972,00018,699,00018,686,00017,647,00011,350,000000000000000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
905,000
2,879,000
2,759,000
2,132,000
834,000
1,833,000
2,029,000
2,069,000
1,160,000
1,964,000
2,226,000
2,334,000
1,395,000
0
2,366,000
0
02,366,00001,395,0002,334,0002,226,0001,964,0001,160,0002,069,0002,029,0001,833,000834,0002,132,0002,759,0002,879,000905,00000000000000000000000000000
> Total Stockholder Equity
0
0
417,047
0
108,909
97,634
629,771
632,129
658,176
730,100
807,142
715,696
653,054
614,125
684,730
1,033,669
1,000,432
1,373,106
1,309,923
1,227,400
1,854,800
1,865,400
1,885,000
1,839,000
1,626,000
3,121,000
2,975,000
3,382,000
5,051,000
4,853,000
8,795,000
8,926,000
9,006,000
8,991,000
9,270,000
8,140,000
8,470,000
9,200,000
8,263,000
8,771,000
8,921,000
8,740,000
8,740,0008,921,0008,771,0008,263,0009,200,0008,470,0008,140,0009,270,0008,991,0009,006,0008,926,0008,795,0004,853,0005,051,0003,382,0002,975,0003,121,0001,626,0001,839,0001,885,0001,865,4001,854,8001,227,4001,309,9231,373,1061,000,4321,033,669684,730614,125653,054715,696807,142730,100658,176632,129629,77197,634108,9090417,04700
   Common Stock
0
0
1,624
0
1,624
1,688
2,345
2,345
2,345
2,345
2,345
2,345
2,345
2,345
2,345
2,580
2,580
2,580
2,580
2,600
2,800
2,800
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,000
4,0004,0004,0004,0004,0004,0004,0004,0004,0004,0004,0004,0003,0003,0003,0003,0003,0003,0003,0003,0002,8002,8002,6002,5802,5802,5802,5802,3452,3452,3452,3452,3452,3452,3452,3452,3451,6881,62401,62400
   Retained Earnings Total Equity000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 000000000000000000000000000000000000000000
   Capital Surplus 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9,720,000
9,767,000
9,824,000
9,775,000
9,775,000
9,791,000
9,801,000
9,811,000
9,819,000
9,830,000
9,829,000
9,835,000
9,835,0009,829,0009,830,0009,819,0009,811,0009,801,0009,791,0009,775,0009,775,0009,824,0009,767,0009,720,000000000000000000000000000000000
   Treasury Stock000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
264,106
0
298,143
292,180
834,653
817,516
850,303
918,975
969,706
924,526
919,149
886,864
904,362
1,249,174
1,301,930
1,292,516
1,276,319
1,211,600
1,823,000
1,818,900
1,874,000
1,861,000
1,786,000
3,247,000
3,106,000
3,279,000
5,011,000
5,000,000
9,499,000
9,613,000
9,708,000
9,632,000
9,759,000
9,761,000
792,000
1,258,000
671,000
1,331,000
1,490,000
1,257,000
1,257,0001,490,0001,331,000671,0001,258,000792,0009,761,0009,759,0009,632,0009,708,0009,613,0009,499,0005,000,0005,011,0003,279,0003,106,0003,247,0001,786,0001,861,0001,874,0001,818,9001,823,0001,211,6001,276,3191,292,5161,301,9301,249,174904,362886,864919,149924,526969,706918,975850,303817,516834,653292,180298,1430264,10600



Balance Sheet

Currency in NOK. All numbers in thousands.




Cash Flow

Currency in NOK. All numbers in thousands.




Income Statement

Currency in NOK. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue3,266,000
Cost of Revenue--
Gross Profit-3,266,000
 
Operating Income (+$)
Gross Profit-
Operating Expense-2,010,000
Operating Income1,256,000-2,010,000
 
Operating Expense (+$)
Research Development-
Selling General Administrative-
Selling And Marketing Expenses-
Operating Expense2,010,0000
 
Net Interest Income (+$)
Interest Income261,000
Interest Expense-1,729,000
Other Finance Cost-131,000
Net Interest Income-1,599,000
 
Pretax Income (+$)
Operating Income1,256,000
Net Interest Income-1,599,000
Other Non-Operating Income Expenses-
Income Before Tax (EBT)121,0001,256,000
EBIT - interestExpense = -1,729,000
-176,000
1,553,000
Interest Expense1,729,000
Earnings Before Interest and Taxes (EBIT)-1,850,000
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax121,000
Tax Provision-154,000
Net Income From Continuing Ops-33,000-33,000
Net Income-176,000
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net-1,599,000
 

Technical Analysis of Scatec
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Scatec. The general trend of Scatec is BULLISH with 28.6% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Scatec's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (28.6%) Bearish trend (-28.6%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Scatec Solar OL.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 74.25 < 80.80 < 82.45.

The bearish price targets are: 63.65 > 63.60 > 61.70.

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Scatec Solar OL Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Scatec Solar OL. The current mas is .

The long score for the Moving Averages is 9/14.
The longshort score for the Moving Averages is 4/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Scatec Solar OL Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Scatec Solar OL. The current macd is 0.80636249.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Scatec price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Scatec. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Scatec price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Scatec Solar OL Daily Moving Average Convergence/Divergence (MACD) ChartScatec Solar OL Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Scatec Solar OL. The current adx is 18.32.

The long score for the Directional Movement Index (DMI) is 2/7.
The longshort score for the Directional Movement Index (DMI) is 2/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Scatec shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX < 25 && ADX trending up: The ADX is below 25 and indicates a weak or no trend. However, the ADX is rising and a new bullish trend could be forming. +1
Scatec Solar OL Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Scatec Solar OL. The current sar is 66.57.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Scatec Solar OL Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Scatec Solar OL. The current rsi is 57.17. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending down: The RSI is trending down. -1
Scatec Solar OL Daily Relative Strength Index (RSI) ChartScatec Solar OL Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Scatec Solar OL. The current phase is Continuation in bull market.

The long score for the Stochastic Oscillator is 1/6.
The longshort score for the Stochastic Oscillator is -2/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Scatec price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Scatec Solar OL Daily Stochastic Oscillator ChartScatec Solar OL Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Scatec Solar OL. The current cci is 105.36.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Scatec Solar OL Daily Commodity Channel Index (CCI) ChartScatec Solar OL Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Scatec Solar OL. The current cmo is 22.17.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Scatec Solar OL Daily Chande Momentum Oscillator (CMO) ChartScatec Solar OL Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Scatec Solar OL. The current willr is -21.65898618.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

  • WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Scatec is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.
Scatec Solar OL Daily Williams %R ChartScatec Solar OL Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Scatec Solar OL.

Scatec Solar OL Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Scatec Solar OL. The current atr is 2.47469913.

Scatec Solar OL Daily Average True Range (ATR) ChartScatec Solar OL Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Scatec Solar OL. The current obv is -11,364,309.

Scatec Solar OL Daily On-Balance Volume (OBV) ChartScatec Solar OL Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Scatec Solar OL. The current mfi is 70.57.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Scatec Solar OL Daily Money Flow Index (MFI) ChartScatec Solar OL Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Scatec Solar OL.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-14STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-16CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-20STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-23STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2023-11-28STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-29STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-01STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-04STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-05ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-07STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-11RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-12SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-13MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-19STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-20STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-22STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-27STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-12-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-02MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-03DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-05CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-11DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-15STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-16DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-17BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-18STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-19STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-01-22STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-23ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-24DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-01-25CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-26MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-29STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-31STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-02STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-05CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-12WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-16CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-21MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-23DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-02-27STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-01SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-03-06STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-07MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-11SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-14MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-18STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-19STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-20CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-22STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-26STOCH LONG EXITThe %K line crosses below the %D line.

6.3. Candlestick Patterns

Scatec Solar OL Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Scatec Solar OL based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5057.167
Ma 20Greater thanMa 5068.570
Ma 50Greater thanMa 10070.168
Ma 100Greater thanMa 20071.482
OpenGreater thanClose72.350
Total3/5 (60.0%)
Penke

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