tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Netel to Upgrade Norwegian Substations with Elvia

Story Highlights
Netel to Upgrade Norwegian Substations with Elvia

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Netel Holding AB ( (SE:NETEL) ) has issued an announcement.

Netel Holding AB’s subsidiary, Nett-Tjenester, has signed an agreement with Elvia, a leading energy company in Norway, to upgrade three substations in Gjestad, Dal, and Garder. The projects, valued at approximately 70 million NOK, will enhance the electricity grid’s flexibility and capacity in Øvre Romerike and the Gardermoen area, supporting increased electrification in Norway.

The most recent analyst rating on (SE:NETEL) stock is a Hold with a SEK11.50 price target. To see the full list of analyst forecasts on Netel Holding AB stock, see the SE:NETEL Stock Forecast page.

More about Netel Holding AB

Netel Holding AB is a leader in the development and maintenance of critical infrastructure within Infraservices, Power, and Telecom in Northern Europe. With 25 years of experience, the company is involved in the entire value chain from design to maintenance of facilities, aiming to secure an accessible and reliable future. Netel reported net sales of SEK 3,300 million in 2024 and employs about 840 people. It has been listed on Nasdaq Stockholm since 2021.

Average Trading Volume: 71,250

Technical Sentiment Signal: Sell

Current Market Cap: SEK533.6M

See more insights into NETEL stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1