A company with a long history in this week’s Analysis!

Aksjeanalyser.com and Bjørn Inge Pettersen looks at a supplier of technology and services to the energy and offshore industry!

In this week’s Analysis, Aksjeanalyser.com has taken a closer look at an interesting company on the Oslo Stock Exchange: Scana ASA

(ticker on Oslo Stock Exchange: SCANA)

Aksjeanalyser.com finds the stock very interesting, both based on the fundamental and technical analysis of the stock.

Scana in brief

Scana is an active industrial owner of technology and services to both the energy and offshore industries. With an industrial history stretching back to the beginning of the 20th century Scana has developed into a leader in technology and innovation in several niches. This journey has put the company in a unique position to shape tomorrow’s solutions, driven by long industrial experience combined with quality and value creation. Scana is headquartered in Bergen and has over 600 employees.

Technical Analysis of Scana ASA

(ticker on Oslo Stock Exchange: SCANA)

Scana shows a positive development in the long term (see weekly chart), and the stock is now down towards the support level at the lower trend line in this long-term rising trend that the stock has moved within since 2019.

Various momentum indicators such as RSI, Stochastics and MACD are all signalling that the Scana share could be on the verge of an upward turn in the short term. The stock is also finding significant technical support around the NOK 1.50 level.

There is also a “Gap” down that has happened recently, and such “Gaps” are often “closed” and it indicates a rise for the Scana share to around NOK 2.00.

It is also around the NOK 2.00 level that the Scana share meets the first important technical resistance level, and a break above the NOK 2.00 level will trigger more positive technical signals for the share, which can then quickly rise to the next important resistance level around NOK 2.50.

Based on both the fundamentals and the overall technical picture that the stock shows, Aksjeanalyser.com considers Scana ASA (SCANA) to be a very interesting and exciting buy candidate at the current price level.

What could potentially change Aksjeanalyser.com’s current view of the Scana share would be if the share were to make an established break below the now important technical support level around NOK 1.50.

Latest stock exchange news about Scana

Announcement from Scana on May 27th

Scana ASA: Scana company secures contract for offshore E-house modules to Brazil

today 27/05-2025 at 10:33 ∙ Oslo Stock Exchange. Source.

Bergen, May 27, 2025: Scana-owned PSW Power & Automation AS has secured a contract for the design, manufacture and installation of two E-House modules for an offshore project in Brazil.

The E-House modules will be used for offshore power distribution for a subsea installation. The project utilizes the company’s multidisciplinary expertise and is supported by strategically located assembly and testing facilities in Norway.

This is a contract with significant (2) value for the company. The project starts immediately and has planned delivery in Q3-2026.

(1) A contract of significant value is defined to be between NOK 25
million and NOK 75 million.
(2) A contract of substantial value is defined to be between NOK 75
million and NOK 150 million.
(3) A large contract is defined to be between NOK 150 million and NOK 250
million.
(4) A very large contract is defined to be over NOK 250 million.

Solid order backlog and prospects for good results ahead for Scana!

As of today (27/05-2025), Scana’s order backlog is approximately NOK 1.32 billion. At the end of the first quarter of 2025, the order backlog was NOK 966 million, compared with NOK 859 million the year before.) New orders for the first quarter of 2025 amounted to NOK 518 million, compared with NOK 369 million for the same period the previous year. Source.