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Arise AB Secures EUR 30 Million Earn-out for Kölvallen Project

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Arise AB Secures EUR 30 Million Earn-out for Kölvallen Project

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Arise AB ( (SE:ARISE) ) has shared an update.

Arise AB has received an earn-out payment of approximately EUR 30 million for the Kölvallen project, resulting in a positive earnings impact of around EUR 3 million for the third quarter. This payment enhances Arise’s financial position and underscores its successful operations in the renewable energy sector.

The most recent analyst rating on (SE:ARISE) stock is a Hold with a SEK36.00 price target. To see the full list of analyst forecasts on Arise AB stock, see the SE:ARISE Stock Forecast page.

More about Arise AB

Arise is a leading independent company focused on realizing new green energy. It develops, builds, sells, and manages renewable electricity production and is listed on Nasdaq Stockholm.

Average Trading Volume: 30,571

Technical Sentiment Signal: Sell

Current Market Cap: SEK1.4B

Learn more about ARISE stock on TipRanks’ Stock Analysis page.

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