This Week’s Analysis with Aksjeanalyser.com and Vikingen!
In this week’s analysis, June 23rd, 2026, Aksjeanalyser.com takes a closer look at an exciting Norwegian company listed on the Oslo Stock Exchange
Otovo ASA (Oslo Stock Exchange ticker: OTOVO)
Otovo is a company that has taken a very hard hit on the stock market over the past four years, with its stock price falling by as much as 97%.
However, there is now a very good chance that this battered stock has hit bottom, and Aksjeanalyser.com believes it is poised to multiply in value within a relatively short period of time.
Read more about this below and in the technical analysis of the stock.
About Otovo ASA
(ticker: OTOVO)
“35,000 customers. 13 countries.
Always with the same goal: Making solar energy simple.”
Otovo ASA is a Norwegian public limited company that serves as a marketplace for the sale and installation of solar power systems for the residential market. The company was founded in 2016 and is headquartered in Oslo.
The company’s business model and core operations include:
Solar panel marketplace: Otovo does not install the panels itself, but serves as a digital platform that connects homeowners with approved, local installers.
Pan-European player: In addition to being the market leader in Norway, the company also operates in a number of other European countries.
Publicly Traded: The company is listed on the Oslo Stock Exchange under the ticker symbol OTOVO.
Energy Solutions: The company also offers battery solutions and “solar power as a subscription” and has expanded its operations to include the operation and maintenance of solar power systems.
For more information about the company, visit their website here!
Technical Analysis of Otovo ASA
(Oslo Stock Exchange ticker: OTOVO)
Otovo stock has had some very tough years on the Oslo Stock Exchange, falling by as much as 97% from its peak in 2022 to its current price of around NOK 10.00.
However, there are now very positive technical and fundamental indicators for Otovo stock, and Aksjeanalyser.com believes the stock may now be at a very favorable level to buy.
Aksjeanalyser.com has therefore decided to include Otovo in its model portfolio for the Nordic region, with a 20% weighting in the portfolio.
Looking at the technical picture for Otovo stock, it is now breaking out of a descending wedge pattern, and if the stock also breaks above the NOK 11.00 level, it will also break above both the 50-day and 200-day moving averages.
This would trigger a strong technical buy signal for Otovo stock, and the path to the NOK 18.00 level could then be very short (see today’s chart).
Various momentum indicators, such as the RSI and MACD, are now also signaling further gains for Otovo stock in the short term, suggesting that a break above the NOK 11.00 level is likely to occur very soon.
If we look at the broader technical picture for Otovo stock and examine the weekly chart, we can see that a very large inverse head-and-shoulders pattern has formed for the stock over the past two years, and a break above the NOK 18.00 level would trigger a very strong technical buy signal for the Otovo stock.
The upside potential for the stock in the event of a breakout from this major inverse head-and-shoulders pattern—and a break above the NOK 18.00 level—would be all the way up to the NOK 55.00 level.
The stock is currently trading at around NOK 10.00 and thus has the potential to increase in value by as much as fivefold over the next 1–2 years.
The only thing that could potentially change the currently very positive technical outlook for Otovo stock would be if the stock were to fall back below a key technical support level around NOK 8.00.
What’s the best buy right now?
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