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The latest update is out from Cloudberry Clean Energy ASA ( (DE:52K) ).
Cloudberry Clean Energy ASA has sold its 80% stake in the Svåheia wind farm to Dalane Kraft AS for NOK 264 million. This transaction allows Cloudberry to repay NOK 145 million in external debt and free up NOK 120 million in cash, which will be allocated to other investment opportunities. The sale aligns with the company’s strategic capital allocation and supports the valuation principles established in the Skovgaard transaction.
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 the development and operation of hydropower plants and wind farms. The company is committed to powering the energy transition in Europe by providing sustainable and 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: 191,498
Current Market Cap: NOK3.81B
For a thorough assessment of 52K stock, go to TipRanks’ Stock Analysis page.