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The latest update is out from Scana ASA ( (DE:1MP) ).
Scana’s subsidiary, PSW Power & Automation, faced a setback with the cancellation of a 9.1 MWh BESS project in Uddevalla, Sweden, due to the end customer being denied a building permit. This cancellation negatively impacts the order backlog by MNOK 34, but the company plans to reallocate resources to other projects, minimizing operational disruption.
More about Scana ASA
Scana is an industrial owner specializing in technology and services for the energy and offshore industries. With a history dating back to the early 1900s, Scana has established itself as a leader in technology and innovation, headquartered in Bergen with over 600 employees. PSW Power & Automation, a subsidiary of Scana, focuses on electrification and renewable energy solutions, designing and integrating electrical power systems and energy storage systems.
YTD Price Performance: -33.91%
Average Trading Volume: 2,125
Technical Sentiment Signal: Strong Buy
Current Market Cap: €77.89M
See more data about 1MP stock on TipRanks’ Stock Analysis page.