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Skanska AB ( ($SE:SKA.B) ) has provided an announcement.
Skanska has secured a contract worth about SEK 500 million from Swedish grid operator Svenska kraftnät to expand the electricity network in western Stockholm, a deal that will be recorded in Skanska Sweden’s first-quarter 2026 order bookings. The project covers groundwork and the installation of a new 10-kilometre 400 kV cable connection between Kronåsen and Råcksta, part of a broader shift from 220 kV to higher-capacity 400 kV lines to bolster grid capacity, operational reliability and the long-term security of the Stockholm region’s power supply. With high sustainability ambitions and planned BREEAM Infrastructure certification, preparations start immediately, construction begins after summer 2026 and completion is targeted for autumn 2030, underscoring Skanska’s role in critical energy infrastructure and green-certified infrastructure development.
The most recent analyst rating on ($SE:SKA.B) stock is a Hold with a SEK301.00 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 AB is one of the world’s largest construction and project development companies, generating SEK 177 billion in revenue in 2024. The group operates across selected markets in the Nordics, Europe and the United States, delivering large-scale infrastructure and building projects with a strong emphasis on innovative, sustainable solutions that support long-term, healthy living for communities, backed by the expertise of approximately 26,300 employees.
Average Trading Volume: 752,408
Technical Sentiment Signal: Buy
Current Market Cap: SEK114.2B
Find detailed analytics on SKA.B stock on TipRanks’ Stock Analysis page.