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Magnora ASA ( (SVMRF) ) just unveiled an announcement.
Magnora ASA, a developer and operator of renewable energy and data center projects across Europe and Africa, is expanding its governance structure as it pursues high-growth opportunities in data centers. The company has generated more than 20 per cent annual return on equity since shifting to project development in 2019, and its newer data center segment has seen rapid growth and strong partner and customer interest.
Ahead of its Annual General Meeting on 12 May 2026, the Nomination Committee has proposed enlarging the Board from three to five members, bringing in three new directors with deep expertise in technology, sustainable data center infrastructure, and international business development. The long-serving chairman will step down but remain an advisor, while current director John Hamilton is nominated as new chair, a move the committee says balances continuity with broader competence to support Magnora’s international expansion and sustain strong shareholder returns.
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 activities across Europe and Africa. The company works through a portfolio of specialized subsidiaries in markets including the UK, Germany, Italy, and South Africa, and is listed on the main list of the Oslo Stock Exchange under the ticker MGN.
Average Trading Volume: 222,044
Current Market Cap: NOK1.6B
See more data about SVMRF stock on TipRanks’ Stock Analysis page.