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AF Gruppen Secures NOK 155 Million Contract for Hyttfoss Dam Rehabilitation

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AF Gruppen Secures NOK 155 Million Contract for Hyttfoss Dam Rehabilitation

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An update from AF Gruppen ASA ( (AGRUF) ) is now available.

AF Gruppen ASA has secured a contract with Statkraft to rehabilitate the Hyttfoss Dam in Trondheim Municipality, a project valued at NOK 155 million. This initiative is crucial for maintaining the dam’s safety and supporting renewable energy production, with construction set to begin in autumn 2025 and complete by spring 2029.

The most recent analyst rating on (AGRUF) stock is a Buy with a NOK180.00 price target. To see the full list of analyst forecasts on AF Gruppen ASA stock, see the AGRUF Stock Forecast page.

More about AF Gruppen ASA

AF Gruppen ASA is a prominent company in the civil engineering industry, known for its extensive involvement in hydropower projects across Norway. The company focuses on infrastructure development, particularly in renewable energy sectors, collaborating with major stakeholders like Statkraft to enhance energy production capabilities.

Average Trading Volume: 34,583

Current Market Cap: NOK18.83B

For detailed information about AGRUF stock, go to TipRanks’ Stock Analysis page.

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