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Cloudberry Clean Energy ASA ( (DE:52K) ) has provided an update.
Cloudberry Clean Energy ASA has partnered with a European infrastructure investor to form one of the largest small-scale hydro platforms in the Nordics, with Cloudberry as the controlling shareholder. This strategic move will significantly increase Cloudberry’s hydro production capacity and enhance its development capabilities, reinforcing its position as a leading Nordic renewable energy platform. The transaction is expected to deliver stable, long-term cash flows and increase profitability and operational leverage for Cloudberry.
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, providing renewable energy for current and future generations. Cloudberry’s shares are traded on the Oslo Stock Exchange, and it has offices in Norway, Sweden, and Denmark.
Average Trading Volume: 81,873
Current Market Cap: NOK4.04B
For a thorough assessment of 52K stock, go to TipRanks’ Stock Analysis page.