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Skanska AB ( ($SE:SKA.B) ) has issued an announcement.
Skanska, in partnership with Railroad Construction Company, has secured a contract to build a standby power generation facility in Newark, New Jersey, valued at USD 148 million. The project aims to provide 34 megawatts of standby power for the Newark Bay Wastewater Treatment Plant, ensuring its operation during utility outages. This initiative, expected to be completed by the end of 2027, will strengthen Skanska’s position in the US construction market and enhance infrastructure resilience.
The most recent analyst rating on ($SE:SKA.B) stock is a Buy with a SEK254.00 price target. To see the full list of analyst forecasts on Skanska AB stock, see the SE:SKA.B Stock Forecast page.
More about Skanska AB
Skanska Group is one of the world’s largest construction and project development companies, with operations in the Nordics, Europe, and the USA. In 2024, the company reported revenues of SEK 177 billion and employs approximately 26,300 people. Skanska focuses on creating innovative and sustainable solutions that enhance healthy living.
Average Trading Volume: 525,482
Technical Sentiment Signal: Strong Buy
Current Market Cap: SEK100.9B
Find detailed analytics on SKA.B stock on TipRanks’ Stock Analysis page.