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The latest announcement is out from Magnora ASA ( (SVMRF) ).
Magnora ASA, a Norwegian developer and operator of data centers and renewable energy projects, is expanding its data center footprint to support energy-intensive digital industries such as AI. The company leverages its portfolio across Europe and Africa to integrate power generation and storage with scalable data infrastructure.
The company has secured two fully owned data center projects in western Norway totaling 145 MW, lifting its overall DC portfolio to 555 MW gross and 430 MW net. One site in the southwest benefits from strong grid connections and stable hydropower, while the second in the northwest offers excess renewable energy, reinforced grid access, and favorable cooling conditions, strengthening Magnora’s position in the Nordic data center market and enhancing project economics.
The most recent analyst rating on (SVMRF) stock is a Buy with a NOK34.00 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 Norway-based developer and operator of data center, wind, solar, and battery projects, with a focus on energy-intensive infrastructure supporting AI and other digital workloads. The company operates across Europe and Africa through various portfolio entities and is listed on the Oslo Stock Exchange under the ticker MGN.
YTD Price Performance: 53.67%
Average Trading Volume: 262,764
Current Market Cap: NOK1.93B
See more insights into SVMRF stock on TipRanks’ Stock Analysis page.