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NCC AB ( ($SE:NCC.B) ) has provided an announcement.
NCC AB has secured a significant contract from Svenska kraftnät to plan and construct over 450 kilometers of power lines in Västra Götaland County, valued at approximately SEK 7.5 billion. This project is pivotal for the region’s electrification and industrial growth, and it will involve a strategic partnership that leverages NCC’s expertise in energy transmission and large-scale project management. The project will span about ten years, starting with immediate planning and subsequent construction phases.
The most recent analyst rating on ($SE:NCC.B) stock is a Buy with a SEK212.00 price target. To see the full list of analyst forecasts on NCC AB stock, see the SE:NCC.B Stock Forecast page.
More about NCC AB
NCC is a leading construction company in the Nordics, specializing in complex construction processes. Its operations include building and infrastructure project contracting, asphalt and stone materials production, and commercial property development. In 2024, NCC reported sales of about SEK 62 billion and employed 11,800 people. The company’s shares are listed on Nasdaq Stockholm.
Average Trading Volume: 213,479
Technical Sentiment Signal: Buy
Current Market Cap: SEK17.14B
For a thorough assessment of NCC.B stock, go to TipRanks’ Stock Analysis page.