Celebrations may be in order for Cloudberry Clean Energy ASA (OB:CLOUD) shareholders, with the analysts delivering a significant upgrade to their statutory estimates for the company. The analysts greatly increased their revenue estimates, suggesting a stark improvement in business fundamentals. The market seems to be pricing in some improvement in the business too, with the stock up 8.0% over the past week, closing at kr12.90. It will be interesting to see if this latest upgrade is enough to kickstart further buying interest in the stock.

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Following the upgrade, the latest consensus from Cloudberry Clean Energy's two analysts is for revenues of kr1.2b in 2026, which would reflect a substantial 81% improvement in sales compared to the last 12 months. Statutory earnings per share are presumed to leap 100% to kr1.16. Before this latest update, the analysts had been forecasting revenues of kr1.0b and earnings per share (EPS) of kr1.05 in 2026. So we can see there's been a pretty clear increase in analyst sentiment in recent times, with both revenues and earnings per share receiving a decent lift in the latest estimates.

View our latest analysis for Cloudberry Clean Energy

Despite these upgrades, the analysts have not made any major changes to their price target of kr13.50, suggesting that the higher estimates are not likely to have a long term impact on what the stock is worth.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Cloudberry Clean Energy's past performance and to peers in the same industry. It's clear from the latest estimates that Cloudberry Clean Energy's rate of growth is expected to accelerate meaningfully, with the forecast 227% annualised revenue growth to the end of 2026 noticeably faster than its historical growth of 39% p.a. over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 5.6% per year. Factoring in the forecast acceleration in revenue, it's pretty clear that Cloudberry Clean Energy is expected to grow much faster than its industry.

The Bottom Line

The most important thing to take away from this upgrade is that analysts upgraded their earnings per share estimates for this year, expecting improving business conditions. Fortunately, analysts also upgraded their revenue estimates, and our data indicates sales are expected to perform better than the wider market. Some investors might be disappointed to see that the price target is unchanged, but we feel that improving fundamentals are usually a positive - assuming these forecasts are met! So Cloudberry Clean Energy could be a good candidate for more research.

Still, the long-term prospects of the business are much more relevant than next year's earnings. We have analyst estimates for Cloudberry Clean Energy going out as far as 2028, and you can see them free on our platform here.

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Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.