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Magnora ASA ( (SVMRF) ) just unveiled an announcement.
Magnora ASA, a renewable-energy developer specialising in data centers, wind, solar and battery projects across Europe and Africa, is continuing to build out its digital infrastructure portfolio alongside its traditional renewables activities, leveraging its industrial experience, financial strength and regional network in the Nordic market. The company has acquired a 70% majority stake in an ongoing 120 MW high-density, AI-ready data center project in Hämeenlinna, Finland, through a joint venture with Northern Europe Energy Group, which retains 30% and will lead operational development; the site benefits from strong grid access, fibre connectivity, potential waste-heat recovery and strong municipal backing for an efficient permitting process. This marks Magnora’s third data center investment in three months, after Averøy and Storespeed, underscoring its strategic push into the Nordics as a preferred global data center hub and signalling continued expansion in energy transition and digital infrastructure projects with expected local economic and sustainability benefits.
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 Norway-listed renewable energy group focused on developing data center, wind, solar and battery projects, with operations across Europe and Africa through subsidiaries such as Magnora Data Center AB, Storespeed AS, Hafslund Magnora Sol AS, Magnora Offshore Wind AS, and various country-specific solar and renewables units. The company also retains earn-out revenues from former portfolio companies Helios Nordic Energy and Evolar and is listed on the main list of the Oslo Stock Exchange under the ticker MGN.
Average Trading Volume: 165,429
Current Market Cap: NOK1.28B
For a thorough assessment of SVMRF stock, go to TipRanks’ Stock Analysis page.