Otovo ASA Class A
9.00
NOK
+0.20
(+2.27%)
ISIN
NO0013721613
Return %
Stock
S&P 500
1Y
25.00
14.20
3Y
-86.60
81.12
5Y
-95.36
68.34
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
NOK
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
NOK
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in mil. unless spec.Company Description
- CEO
- William Jackson Berger
- Full Time Employees
- 186
- Sector
- Industrial services
- Industry
- Engineering & construction
- Address
- Oslo Norway
- IPO Date
- Feb 19, 2021
- Website
- otovo.no
- Similar Companies
- Business
- Otovo ASA is a Norway-based solar energy technology company that operates an online marketplace and digital platform connecting residential property owners with local certified installers for the design, procurement, and installation of residential solar energy systems and distributed clean energy solutions. Founded in 2016 and headquartered in Oslo, Norway, the company delivers its solutions across multiple European markets, including Norway, Sweden, Germany, the United Kingdom, France, Spain, Italy, Poland, Austria, Belgium, the Netherlands, Portugal, and Switzerland. The company's core product and service offerings comprise turnkey residential rooftop solar photovoltaic (PV) installations; home battery energy storage systems (BESS); electric vehicle (EV) smart charging equipment; residential heat pump integration; proprietary algorithmic quoting, solar potential mapping, and installer dispatch software; end-to-end installation management, electrical grid compliance, and permitting support; flexible customer financing mechanisms, including upfront hardware sales, solar loan agreements, and long-term solar-as-a-service subscription leasing contracts; as well as post-installation performance monitoring, system optimization, and long-term warranty administration via mobile and desktop applications. In recent developments, Otovo ASA has implemented comprehensive corporate restructuring and cost-reduction initiatives across its European operations to streamline country footprint efficiency and accelerate cash flow generation. The company has also completed transactions to monetize and sell tranches of its European solar subscription asset portfolio to institutional infrastructure investors, advancing its transition toward a capital-efficient and asset-light business model. Furthermore, Otovo ASA has secured private placement equity financing to support operational liquidity, expanded hardware supply and distribution partnerships across key European territories, and deployed platform updates integrating automated quoting and battery storage optimization capabilities.