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Magnora ASA Completes Legacy Contract with Shell UK

Story Highlights
  • Magnora ASA operates in renewable energy, focusing on data centers, wind, solar, and battery projects.
  • Magnora received final payment from Shell UK, settling a demerger liability.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Magnora ASA Completes Legacy Contract with Shell UK

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An update from Magnora ASA ( (SVMRF) ) is now available.

Magnora ASA has received the final payment from a legacy contract with Shell UK Ltd, marking the completion of a significant milestone. This revenue, recognized in Q4 2025, will be used to settle a demerger liability with Hermana Holding ASA, reflecting a strategic financial move to streamline operations.

The most recent analyst rating on (SVMRF) stock is a Buy with a NOK32.00 price target. To see the full list of analyst forecasts on Magnora ASA stock, see the SVMRF Stock Forecast page.

More about Magnora ASA

Magnora ASA is a developer and operator in the renewable energy sector, focusing on data center, wind, solar, and battery projects. The company operates in Europe and Africa through various portfolio companies and is listed on the Oslo Stock Exchange under the ticker MGN.

Average Trading Volume: 98,995

Current Market Cap: NOK1.31B

Find detailed analytics on SVMRF stock on TipRanks’ Stock Analysis page.

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