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Skanska AB ( ($SE:SKA.B) ) has provided an update.
Skanska has secured a NOK 950 million contract with Hydro to build the Illvatn pumped-storage hydropower plant in Luster, Norway. This project, scheduled for completion in August 2030, will enhance energy storage and efficiency, contributing to an annual electricity production of approximately 84 GWh, reflecting Skanska’s commitment to sustainable infrastructure development.
The most recent analyst rating on ($SE:SKA.B) stock is a Hold with a SEK270.00 price target. To see the full list of analyst forecasts on Skanska AB stock, see the SE:SKA.B Stock Forecast page.
More about Skanska AB
Skanska Group is one of the world’s largest construction and project development companies, with 2024 revenue totaling SEK 177 billion. It operates across select markets in the Nordics, Europe, and the USA, focusing on creating innovative and sustainable solutions that support healthy living.
Average Trading Volume: 693,941
Technical Sentiment Signal: Buy
Current Market Cap: SEK99.71B
Learn more about SKA.B stock on TipRanks’ Stock Analysis page.