Magnora ASA (SVMRF) has released an update.
Magnora ASA, a key player in the renewable energy sector, has reported a substantial financial gain by selling 40% of Helios Nordic Energy for NOK 330 million, which is 16 times their invested capital. The company has also been actively rewarding shareholders, having returned over NOK 1 billion since 2018, and is looking forward to increasing its portfolio to 12.5 GW by 2025. Additionally, Magnora has resumed its share buyback program and is expanding its international presence with new ventures in Germany and Italy.
For further insights into SVMRF stock, check out TipRanks’ Stock Analysis page.
