The Morningstar Norway Index fell 8.54% in the second quarter amid a struggle in the utilities sector. The Norway index tracks the performance of the top 97% of the Norwegian investable universe by market cap, and each quarter we screen from among the stocks in this index to find the best- and worst-performing companies. Data in this article is sourced from Morningstar Direct.
The Best-Performing Stocks of Q2 2026
The Worst-Performing Stocks of Q2 2026
Metrics for the Best-Performing Stocks
AutoStore Holdings AUTO
- Sector: Industrials
- Industry: Specialty Industrial Machinery
- Economic Moat: Not Rated
AutoStore Holdings climbed 30.62% in the second quarter, leaving shares up 115.93% for the past year. AutoStore Holdings has a quantitative Morningstar Rating of 2 stars.
Atea ATEA
- Sector: Technology
- Industry: Information Technology Services
- Economic Moat: Not Rated
Atea jumped 24.11% in the second quarter, leaving the stock up 19.50% for the past year. The company’s stock has a quantitative Morningstar Rating of 3 stars.
Nordic Semiconductor NOD
- Sector: Technology
- Industry: Semiconductors
- Economic Moat: Narrow
Nordic Semiconductor leapt 18.14% in the second quarter, leaving shares up 40.98% for the past year. Nordic Semiconductor has a Morningstar Rating of 2 stars, with its stock trading at a 30% premium to the NOK 140.00 fair value estimate.
AF Gruppen AFG
- Sector: Industrials
- Industry: Engineering & Construction
- Economic Moat: Not Rated
AF Gruppen climbed 16.95% in the second quarter, leaving the stock up 40.91% for the past year. The company’s stock has a quantitative Morningstar Rating of 2 stars.
Aker Solutions AKSO
- Sector: Energy
- Industry: Oil & Gas Equipment & Services
- Economic Moat: Not Rated
Aker Solutions jumped 16.72% in the second quarter, leaving the stock up 64.41% for the past year. The company’s stock has a quantitative Morningstar Rating of 4 stars.
Metrics for the Worst-Performing Stocks
Grieg Seafood GSF
- Sector: Consumer Defensive
- Industry: Farm Products
- Economic Moat: Not Rated
Grieg Seafood tumbled 27.50% in the second quarter, leaving shares down 22.60% for the past year. Stocks in the company were 66.39% below the last high on July 17, 2025. Grieg Seafood has a quantitative Morningstar Rating of 4 stars.
Scatec SCATC
- Sector: Utilities
- Industry: Utilities - Renewable
- Economic Moat: Not Rated
Scatec dropped 26.17% in the second quarter, however, shares were still up 9.68% for the past year. Shares were 29.36% lower than their last high on April 13, 2026. The company’s stock has a quantitative Morningstar Rating of 3 stars.
Equinor EQNR
- Sector: Energy
- Industry: Oil & Gas Integrated
- Economic Moat: None
Equinor slid 25.25% in the second quarter, while shares were still up 36.23% for the past year. Shares were 25.76% below their last high on March 31, 2026. The company’s stock has a Morningstar Rating of 3 stars, trading near its fair value estimate of NOK 311.00.
DNO DNO
- Sector: Energy
- Industry: Oil & Gas E&P
- Economic Moat: Not Rated
DNO dropped 24.61% in the second quarter, however, shares were still up 46.53% for the past year. Shares were 25.59% lower than their last high on March 30, 2026. The company’s stock has a quantitative Morningstar Rating of 3 stars.
Yara International YAR
- Sector: Basic Materials
- Industry: Agricultural Inputs
- Economic Moat: Not Rated
Yara International tumbled 20.21% in the second quarter, but shares still grew 28.03% over the past year. Stocks in the company were 27.36% below the last high on April 7, 2026. Yara International has a quantitative Morningstar Rating of 3 stars.
Companies that are not formally covered by a Morningstar analyst are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative star rating.
