Magnora ASA ( (SVMRF) ) has issued an update.
Magnora ASA, a prominent player in the renewable energy sector, has demonstrated a strong financial performance with a net profit of NOK 294 million from Q1 to Q3 2024, marking a significant increase from the previous year. The company continues to accelerate the energy transition by developing profitable renewable projects, maintaining zero debt, and returning substantial capital to shareholders, thereby reinforcing its position as a leader in the industry.
More about Magnora ASA
Magnora ASA is a renewable-energy group focused on developing wind, solar, and battery storage projects. The company operates in Europe and Africa through various portfolio companies and is listed on the Oslo Stock Exchange under the ticker MGN. With a strong emphasis on asset-light portfolios and capital discipline, Magnora has a significant presence in high-growth markets and maintains a solid financial position.
YTD Price Performance: -12.24%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $141.2M
For a thorough assessment of SVMRF stock, go to TipRanks’ Stock Analysis page.