Magnora Pivots to Nordic Data Centers as Project Portfolio Surges

Magnora ASA ( (SVMRF) ) just unveiled an announcement.

Magnora ASA has repositioned itself around a fast-growing data center business, now its top investment priority, leveraging its renewable portfolio to build a Nordic digital infrastructure platform. The company has secured land and partnership agreements for net 210 MW of AI-ready data center capacity in Norway and Finland, seeing developer margins that exceed those in traditional renewable projects.

In 2025, Magnora delivered a net profit of NOK 9.5 million, ended the year with NOK 166.4 million in cash, no debt and an undrawn NOK 150 million credit line, while expanding its total project portfolio by 60% to 9.9 GW at lower origination cost per MW. It advanced or monetised key assets including the Red Sands BESS project in South Africa, increased mature-stage capacity to over 2,500 MW and is pursuing substantial project sales and strategic options for further data center growth, underscoring its capital-light, portfolio-rotation strategy aimed at maximising shareholder returns.

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 Norwegian renewable-energy group focused on developing data center, wind, solar and battery projects, with operations across Europe and Africa. Through portfolio companies such as Magnora Data Center, Storespeed and various regional solar and wind units, it is building a diversified platform in digital infrastructure and clean energy, and is listed on the Oslo Stock Exchange under the ticker MGN.

Average Trading Volume: 181,093

Current Market Cap: NOK1.31B

See more data about SVMRF stock on TipRanks’ Stock Analysis page.