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Magnora ASA ( (SVMRF) ) just unveiled an announcement.
Magnora ASA, in collaboration with Blix Solutions, has completed the acquisition of an 80% stake in Storespeed AS, a Norwegian data center operator. The acquisition aims to expand capacity and broaden service offerings, leveraging the growing Nordic data center market, which benefits from low electricity costs and favorable climate conditions for cooling. This strategic move positions Magnora to capitalize on the increasing demand for data center services in the region.
The most recent analyst rating on (SVMRF) stock is a Buy with a NOK32.00 price target. To see the full list of analyst forecasts on Magnora ASA stock, see the SVMRF Stock Forecast page.
More about Magnora ASA
Magnora ASA is a renewable-energy group that develops wind, solar, battery, and data center projects. It operates in Europe and Africa through various portfolio companies and is listed on the Oslo Stock Exchange under the ticker MGN.
Average Trading Volume: 107,549
Current Market Cap: NOK1.26B
For an in-depth examination of SVMRF stock, go to TipRanks’ Overview page.