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The latest announcement is out from Cloudberry Clean Energy ASA ( (DE:52K) ).
Cloudberry Clean Energy ASA has finalized a strategic transaction with Swiss Life Asset Managers to establish a significant small-scale hydro platform in the Nordics, securing a 60% ownership in Forte Vannkraft AS. This move enhances Cloudberry’s hydro production capacity from 200 GWh to 300 GWh and strengthens its position as a leading Nordic renewable energy platform, promising stable, long-term cash flows and increased profitability.
The most recent analyst rating on (DE:52K) stock is a Buy with a NOK14.00 price target. To see the full list of analyst forecasts on Cloudberry Clean Energy ASA stock, see the DE:52K Stock Forecast page.
More about Cloudberry Clean Energy ASA
Cloudberry Clean Energy ASA is a renewable energy company operating in the Nordics, focusing on owning, developing, and operating hydropower plants and wind farms. The company is committed to the energy transition towards a sustainable future by providing renewable energy solutions. Cloudberry’s shares are traded on the Oslo Stock Exchange, and it has offices in Norway, Sweden, and Denmark.
Average Trading Volume: 83,668
Current Market Cap: NOK4.02B
Find detailed analytics on 52K stock on TipRanks’ Stock Analysis page.