AF Elkraft Secures High-Value Transformer Station Contract with Statnett

AF Gruppen ASA ( (AGRUF) ) has provided an update.

AF Elkraft, a subsidiary of AF Gruppen ASA, has secured a significant contract valued at over MNOK 100 to undertake high-voltage design and construction work for Statnett’s new 420 kV transformer station at Onarheim in Husnes. This initiative positions AF Gruppen as a key player in modernizing Norway’s central power grid, leveraging its expertise and recent acquisition of Eviny Solutions, which has been rebranded as AF Elkraft, to bolster its operational strength and market footprint.

The most recent analyst rating on (AGRUF) stock is a Hold with a NOK196.00 price target. To see the full list of analyst forecasts on AF Gruppen ASA stock, see the AGRUF Stock Forecast page.

More about AF Gruppen ASA

AF Gruppen ASA is a leading contracting and industrial group specializing in projects across construction, civil engineering, environmental, and energy sectors. The company has a strong focus on infrastructure upgrades and sustainable energy solutions, recently expanding its capabilities through acquisitions.

Average Trading Volume: 72,480

Current Market Cap: NOK20.26B

Learn more about AGRUF stock on TipRanks’ Stock Analysis page.