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AF Gruppen ASA ( (AGRUF) ) has provided an announcement.
AF Gruppen ASA has been selected by Statkraft Energi AS as the intended contractor for a major rehabilitation of the Bjølsegrøvatn dam in Kvam, Vestland, under a construction contract valued at about NOK 400 million, excluding VAT, pending Statkraft’s final investment decision. The project involves replacing the existing main and auxiliary dams with a new concrete dam downstream, as well as building an access road and tunnel to the site, with work scheduled to start in spring 2026 and conclude in 2029, reinforcing AF Gruppen’s pipeline in hydropower infrastructure and underlining its strategic strength in concrete and tunnelling within Norway’s renewable energy sector.
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 Norwegian construction and civil engineering company with strong expertise in concrete structures and tunnelling, serving infrastructure, energy and property markets. The company has extensive experience in hydropower-related projects, positioning it as a key contractor for complex dam and water regulation infrastructure in Norway.
YTD Price Performance: -1.91%
Average Trading Volume: 71,808
Current Market Cap: NOK20.3B
See more insights into AGRUF stock on TipRanks’ Stock Analysis page.