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Magnora ASA ( (SVMRF) ) just unveiled an update.
Magnora ASA has entered the Norwegian data centre market by acquiring a majority stake in Storespeed AS, marking its expansion into the growing data centre industry driven by AI and digital infrastructure demand. This strategic move strengthens Magnora’s position as a developer of data centre-ready properties and aligns with its asset-light strategy, focusing on selling projects at or before the ready-to-build stage. The acquisition supports Magnora’s collaboration with partners and enhances its capabilities in real estate and project execution, positioning the company for future growth in the data centre and AI markets.
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 renewable energy and digital infrastructure group focused on developing and operating projects in wind, solar, battery storage, and data centres. The company operates across Europe and Africa through its portfolio companies, including Magnora DC AB, Storespeed AS, and others. Magnora is listed on the Oslo Stock Exchange under the ticker MGN.
YTD Price Performance: -20.59%
Average Trading Volume: 73,163
Current Market Cap: NOK1.41B
For a thorough assessment of SVMRF stock, go to TipRanks’ Stock Analysis page.