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Magnora ASA ( (SVMRF) ) has issued an announcement.
Magnora ASA has announced its entry into the data center development market in Sweden through its subsidiary, Magnora DC. The company aims to leverage its expertise in renewable energy projects to establish data centers with capacities ranging from 5 to 100 MW. This strategic move is supported by Sweden’s favorable conditions, such as a cool climate and competitive clean energy prices, and is expected to enhance Magnora’s market positioning by diversifying its project portfolio.
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, and battery storage projects. The company operates in Europe and Africa through various portfolio companies, including Hafslund Magnora Sol AS, Magnora Offshore Wind AS, and others. Magnora is listed on the Oslo Stock Exchange under the ticker MGN.
Average Trading Volume: 83,521
Current Market Cap: NOK1.46B
Find detailed analytics on SVMRF stock on TipRanks’ Stock Analysis page.