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Magnora ASA ( (SVMRF) ) has provided an announcement.
Magnora ASA reported a 19% growth in its project portfolio in the first quarter of 2025, reaching 7.5 GW, with a target of 10 GW by the end of the year. The company is actively expanding its renewable energy projects across Europe and South Africa, securing significant BESS and wind projects. Financially, Magnora maintains a strong cash position and continues to return capital to shareholders while anticipating substantial income from future project sales and partnerships.
More about Magnora ASA
Magnora ASA is a renewable-energy group focused on developing wind, solar, and battery storage projects. The company operates in Europe and Africa through various portfolio companies, including Hafslund Magnora Sol AS, Magnora Offshore Wind AS, Magnora Germany, Magnora Italy Srl, Magnora Solar PV UK, and Magnora South Africa. Magnora is listed on the Oslo Stock Exchange under the ticker MGN.
YTD Price Performance: -12.50%
Technical Sentiment Signal: Sell
Current Market Cap: $132.9M
For an in-depth examination of SVMRF stock, go to TipRanks’ Stock Analysis page.