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The latest announcement is out from Magnora ASA ( (SVMRF) ).
Magnora ASA, a listed Norwegian developer and operator of data centers and renewable energy projects, runs a diversified portfolio spanning Europe and Africa, including wind, solar and battery initiatives alongside dedicated data center operations. The group also benefits from earn-out revenues from former portfolio companies and positions itself at the intersection of digital infrastructure and clean energy.
The company’s Annual General Meeting on 12 May 2026 approved all proposals, including the election of a new board designed to bolster Magnora’s data center expansion and planned IPO of that business. The reshaped board brings senior experience from energy, cloud and technology sectors, underpinning Magnora’s ambition to become Europe’s only pure-play publicly listed data center company and signalling a strategic focus on scaling this segment.
The most recent analyst rating on (SVMRF) stock is a Hold with a NOK29.00 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 activities across Europe and Africa. Through subsidiaries including Magnora Data Center, Storespeed and various regional renewable units, the company focuses on digital infrastructure and clean energy development, and is listed on the main list of the Oslo Stock Exchange under the ticker MGN.
Average Trading Volume: 316,411
Current Market Cap: NOK2.17B
For detailed information about SVMRF stock, go to TipRanks’ Stock Analysis page.