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An update from Magnora ASA ( (SVMRF) ) is now available.
Magnora ASA has expanded its development portfolio to 10 GW after securing formal consent from a Finnish municipality for a near-term data center project, marking a significant step in its push into data center infrastructure in the Nordics. Recent portfolio growth has been driven by high-demand, high-margin segments, with its combined BESS projects in Germany and Italy surpassing 1.5 GW and further diversification achieved by extending Italian BESS activities into the north and adding more wind projects in South Africa, underscoring the company’s strategic shift toward faster-moving and more profitable areas of the renewables and data center markets.
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 focused on developing data center, wind, solar and battery energy storage system (BESS) projects, with operations across Europe and Africa. Through a network of portfolio companies in the Nordics, Germany, Italy, the UK and South Africa, it targets high-growth segments in the data center and renewable power markets, and is listed on the Oslo Stock Exchange under the ticker MGN.
Average Trading Volume: 173,761
Current Market Cap: NOK1.41B
For a thorough assessment of SVMRF stock, go to TipRanks’ Stock Analysis page.