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Mooreast Holdings Ltd. ( (SG:1V3) ) has provided an update.
Mooreast Holdings has signed a Memorandum of Understanding with Norway-based GMC Holdings to jointly pursue floating offshore wind and oil and gas opportunities in Norway and the broader North Sea, combining Mooreast’s mooring and anchoring expertise with GMC’s long-standing local industrial, maritime and offshore services capabilities. The partnership underscores Mooreast’s push into the European market and positions the Group to benefit from Norway’s accelerating offshore wind ambitions, including its stated plan to allocate 30 GW of capacity by 2040 and the launch of its first floating wind tender at Utsira Nord, potentially expanding Mooreast’s project pipeline and strengthening its role in the global transition toward offshore renewables while preserving exposure to traditional offshore energy projects.
The most recent analyst rating on (SG:1V3) stock is a Hold with a S$0.12 price target. To see the full list of analyst forecasts on Mooreast Holdings Ltd. stock, see the SG:1V3 Stock Forecast page.
More about Mooreast Holdings Ltd.
Mooreast Holdings Ltd., listed on the Singapore Exchange Catalist board, is a total mooring solutions specialist and the only designer and manufacturer of drag-embedment anchors in Asia. Leveraging more than three decades of experience, the Group focuses on providing anchoring, mooring and related engineering solutions, increasingly targeting emerging renewable energy markets, particularly floating offshore wind projects in Europe.
Average Trading Volume: 155,747
Technical Sentiment Signal: Sell
Current Market Cap: S$31.6M
See more data about 1V3 stock on TipRanks’ Stock Analysis page.