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Netel Holding AB ( (SE:NETEL) ) has shared an update.
Netel Holding AB has secured a contract worth approximately SEK 50 million with Ellevio for the reconstruction and refurbishment of a distribution station on Lidingö, near Stockholm. This project, set to begin in autumn 2025 and conclude by autumn 2028, underscores Netel’s role in supporting the electrification of society and strengthens its position in the Northern European infrastructure sector.
The most recent analyst rating on (SE:NETEL) stock is a Hold with a SEK4.00 price target. To see the full list of analyst forecasts on Netel Holding AB stock, see the SE:NETEL Stock Forecast page.
More about Netel Holding AB
Netel Holding AB is a leader in the development and maintenance of critical infrastructure within Infraservices, Power, and Telecom in Northern Europe. With 25 years of experience, the company is involved in the entire value chain from design to maintenance of facilities, aiming to secure a reliable future where technology transforms society. Netel reported net sales of SEK 3,300 million in 2024 and employs about 840 people. It has been listed on Nasdaq Stockholm since 2021.
Average Trading Volume: 189,772
Technical Sentiment Signal: Sell
Current Market Cap: SEK202.5M
See more insights into NETEL stock on TipRanks’ Stock Analysis page.