Ocean Sun AS (OSL:OSUN)
Norway · Delayed Price · Currency is NOK | Market Cap | 74.86M +39.3% |
| Revenue (ttm) | 2.80M -62.7% |
| Net Income | -21.85M |
| EPS | n/a |
| Shares Out | 49.90M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 25,349 |
| Average Volume | 24,945 |
| Open | 1.450 |
| Previous Close | 1.460 |
| Day's Range | 1.450 - 1.575 |
| 52-Week Range | 1.000 - 1.895 |
| Beta | 0.34 |
| RSI | 51.91 |
| Earnings Date | May 7, 2026 |
About Ocean Sun AS
Ocean Sun AS develops floating power system with solar panels mounted on a hydroelastic membrane. Its system consists of one or multiple floaters anchored side-by-side to build larger power plants. The company was founded in 2016 and is headquartered in Lysaker, Norway. [Read more]
Financial Performance
In 2025, Ocean Sun AS's revenue was 2.19 million, a decrease of -69.62% compared to the previous year's 7.21 million. Losses were -20.59 million, 21.4% more than in 2024.
Financial StatementsNews
Ocean Sun AS Earnings Call Transcript: Q1 2026
Floating solar installations delivered strong environmental and cost benefits, driving high demand in resort markets, especially in the Maldives. Despite a strained cash position and reduced project pipeline, significant market opportunities and new projects are expected this year.
Ocean Sun AS Earnings Call Transcript: Q4 2025
Q4 saw the launch of a landmark floating solar project, boosting revenue and market recognition. The pipeline grew to 36 MWp, and a private placement strengthened the cash position. Strategic alternatives are being explored to unlock further growth.
Ocean Sun AS Earnings Call Transcript: Q3 2025
Floating solar projects near completion in the Maldives, with expansion in Indonesia, India, Ukraine, and Brazil. Q3 income reached NOK 2.4 million, with a cash position of NOK 11.9 million. Maldives project will supply 90% of a resort's power needs.
Ocean Sun AS Earnings Call Transcript: Q2 2025
Maldives project nears completion, driving 90% renewable energy use at a resort. Revenue for H1 2025 was NOK 3.8 million with a net loss of NOK 9.8 million, and new projects are advancing in India, Brazil, and Ukraine.
Ocean Sun AS Earnings Call Transcript: Q1 2025
Q1 saw a NOK 5 million net loss on NOK 1.5 million operating income, with a strong cash position of NOK 24.3 million. Major project milestones include a 2MW Maldives installation and growing pipelines in Taiwan, India, and China.
Ocean Sun AS Earnings Call Transcript: Q4 2024
Revenue grew 14% to NOK 19.1 million in 2024, with sales revenue up 140% year-over-year. Net loss was NOK 16.9 million, but adjusted results improved by NOK 3.9 million. Project pipeline stands at 34 MWp, with break-even at 30 MWp annually.
Ocean Sun AS Earnings Call Transcript: Q3 2024
Q3 saw resilient project execution across six countries, NOK 2.6M in revenue, and a NOK 31.7M cash position. Expansion in Brazil and a robust pipeline position the company to surpass break-even, with strong R&D support and proven system durability in extreme weather.
Ocean Sun AS Earnings Call Transcript: Q2 2024
Revenue more than doubled year-over-year to NOK 10 million in H1 2024, with a negative net result of NOK 6.7 million. Key milestones include a major license agreement, new product launches, and a robust project pipeline that could enable break-even if fully realized.