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Eltel AB ( (SE:ELTEL) ) has issued an announcement.
Eltel’s Finnish operations have secured a EUR 23.7 million contract from electricity distributor Caruna to replace smart meters across Caruna’s entire distribution network, in what is described as the largest smart metering project in Finland by geographic scope and contract value. The programme, scheduled to start in early 2026 with mass installations running from 2027 to 2029, strengthens Eltel’s position in the Nordic smart grid and critical infrastructure services market and underscores the company’s role in supporting the region’s broader digitalisation and energy transition efforts.
The most recent analyst rating on (SE:ELTEL) stock is a Hold with a SEK9.50 price target. To see the full list of analyst forecasts on Eltel AB stock, see the SE:ELTEL Stock Forecast page.
More about Eltel AB
Eltel AB is a leading Nordic service provider for critical infrastructure, delivering services and turnkey solutions for high-performing communication and power networks as well as renewable energy projects. With 4,500 employees across the Nordics, Germany and Lithuania, the Stockholm-headquartered company plays a key role in enabling digitalisation and electrification in its core markets and is listed on Nasdaq Stockholm, reporting net sales of EUR 828.7 million in 2024.
Average Trading Volume: 59,675
Technical Sentiment Signal: Buy
Current Market Cap: SEK1.42B
Find detailed analytics on ELTEL stock on TipRanks’ Stock Analysis page.