Magnora (MGN) Stock Overview
Operates as a renewable energy development company in Norway, Sweden, South Africa, Italy and the United Kingdom. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 6/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
MGN Community Fair Values
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Analyst Price Targets
Top Community Narratives
Magnora ASA Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NOK 23.70 |
| 52 Week High | NOK 33.70 |
| 52 Week Low | NOK 18.42 |
| Beta | 0.31 |
| 1 Month Change | -24.52% |
| 3 Month Change | 0% |
| 1 Year Change | -2.67% |
| 3 Year Change | -13.66% |
| 5 Year Change | 40.07% |
| Change since IPO | -94.73% |
Recent News & Updates
MGN: Data Center Projects Will Drive Future Returns Despite Recent Downgrades
Analysts have reduced their Magnora price target to NOK 32.61, citing a slightly higher discount rate and updated assumptions on long term profitability and P/E levels following recent downgrades. Analyst Commentary Recent research updates on Magnora point to a more cautious stance, with analysts focusing on how execution risk and revised profitability assumptions feed into valuation multiples and the reduced price target of NOK 32.61.MGN: Data Center Pipeline And Downgrades Will Shape Future Return Potential
Analysts have nudged their fair value estimate for Magnora from NOK 31.04 to NOK 32.61, reflecting updated assumptions on revenue growth, profitability and a much higher future P/E multiple after recent downgrades in Street research. Analyst Commentary Recent Street research has tilted more cautious on Magnora, even as the internal fair value estimate moves modestly higher to NOK 32.61.Recent updates
MGN: Data Center Projects Will Drive Future Returns Despite Recent Downgrades
Analysts have reduced their Magnora price target to NOK 32.61, citing a slightly higher discount rate and updated assumptions on long term profitability and P/E levels following recent downgrades. Analyst Commentary Recent research updates on Magnora point to a more cautious stance, with analysts focusing on how execution risk and revised profitability assumptions feed into valuation multiples and the reduced price target of NOK 32.61.MGN: Data Center Pipeline And Downgrades Will Shape Future Return Potential
Analysts have nudged their fair value estimate for Magnora from NOK 31.04 to NOK 32.61, reflecting updated assumptions on revenue growth, profitability and a much higher future P/E multiple after recent downgrades in Street research. Analyst Commentary Recent Street research has tilted more cautious on Magnora, even as the internal fair value estimate moves modestly higher to NOK 32.61.MGN: New Data Center Project Will Drive Future Upside Potential
Analysts have kept their Magnora fair value estimate broadly unchanged at NOK 31.04, with only small adjustments to the discount rate and assumed future P/E. This suggests a steady view of the company’s risk profile and earnings potential.MGN: New 100 MW Data Center Project Will Support Future Upside
Analysts have kept their Magnora fair value estimate steady at NOK31.04, with only marginal tweaks to underlying assumptions such as the discount rate, revenue growth, profit margin and future P/E. This reflects a broadly unchanged view on the stock’s risk and earnings profile.MGN: Nordic Data Center Expansion Will Support Future Upside Potential
Analysts have revised their outlook on Magnora, adjusting the NOK price target in line with updated assumptions that include a slightly lower discount rate, a neutral revenue growth view, a reduced profit margin expectation and a higher future P/E multiple. What's in the News Magnora ASA has secured land in northwestern Norway for a new 100 MW data center project, located next to a key substation where three 420 kV power lines meet, and supported by local authorities focused on attracting new business (Key Developments).MGN: Nordic High Capacity Data Center Projects Will Support Future Upside
Analysts have adjusted their Magnora price target from NOK 32.64 to NOK 31.04, reflecting updated views on future growth, profitability, and a slightly lower discount rate applied to the company’s cash flows. What's in the News Magnora ASA has secured land for a new 100 MW data center development in northwestern Norway, located next to a substation where three 420 kV power lines meet, targeting customers with high redundancy and capacity needs (Key Developments).MGN: High Density Nordic Data Center Pipeline Will Drive Future Upside
Analysts have trimmed their 12 month price target on Magnora by NOK 2.76 to NOK 32.64 as they refresh assumptions on fair value, discount rate, revenue growth, profit margins and future P/E expectations. What's in the News Magnora ASA has secured land in northwestern Norway for a new 100 MW data center project located near three 420 kV power lines and an adjacent substation, with local authorities described as supportive of new business and rezoning efforts (Client Announcements).We Don’t Think Magnora's (OB:MGN) Earnings Should Make Shareholders Too Comfortable
Shareholders were pleased with the recent earnings report from Magnora ASA ( OB:MGN ). Despite this, we feel that there...
Expansion Into South Africa, Germany, And Italy Aims To Increase Capacity But May Face Regulatory Challenges
Strategic expansion in project portfolio and strong market entry into Germany, Italy, and South Africa could drive future revenue growth and improve net margins.We Think That There Are Some Issues For Magnora (OB:MGN) Beyond Its Promising Earnings
Magnora ASA's ( OB:MGN ) healthy profit numbers didn't contain any surprises for investors. However the statutory...Concerns Surrounding Magnora's (OB:MGN) Performance
The stock price didn't jump after Magnora ASA ( OB:MGN ) posted decent earnings last week. We did some digging and...A Look At The Intrinsic Value Of Magnora ASA (OB:MGN)
Key Insights The projected fair value for Magnora is kr34.38 based on 2 Stage Free Cash Flow to Equity Magnora's...Bullish: Analysts Just Made A Massive Upgrade To Their Magnora ASA (OB:MGN) Forecasts
Magnora ASA ( OB:MGN ) shareholders will have a reason to smile today, with the analysts making substantial upgrades to...Shareholder Returns
| MGN | NO Renewable Energy | NO Market | |
|---|---|---|---|
| 7D | -2.3% | -1.7% | -2.3% |
| 1Y | -2.7% | -2.4% | 9.9% |
Return vs Industry: MGN matched the Norwegian Renewable Energy industry which returned -2.4% over the past year.
Return vs Market: MGN underperformed the Norwegian Market which returned 9.9% over the past year.
Price Volatility
| MGN volatility | |
|---|---|
| MGN Average Weekly Movement | 8.4% |
| Renewable Energy Industry Average Movement | 4.9% |
| Market Average Movement | 5.2% |
| 10% most volatile stocks in NO Market | 10.9% |
| 10% least volatile stocks in NO Market | 2.9% |
Stable Share Price: MGN's share price has been volatile over the past 3 months compared to the Norwegian market.
Volatility Over Time: MGN's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2001 | 43 | Erik Sneve | www.magnoraasa.com |
Magnora ASA operates as a renewable energy development company in Norway, Sweden, South Africa, Italy and the United Kingdom. The company focuses on developing data centers, solar photovoltaic energy, wind energy – onshore and offshore, renewable energy, and battery energy storage systems projects. The company was formerly known as Sevan Marine ASA and changed its name to Magnora ASA in October 2018.
Magnora ASA Fundamentals Summary
| MGN fundamental statistics | |
|---|---|
| Market cap | NOK 1.71b |
| Earnings (TTM) | -NOK 63.90m |
| Revenue (TTM) | NOK 50.20m |
Is MGN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MGN income statement (TTM) | |
|---|---|
| Revenue | NOK 50.20m |
| Cost of Revenue | NOK 3.30m |
| Gross Profit | NOK 46.90m |
| Other Expenses | NOK 110.80m |
| Earnings | -NOK 63.90m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Aug 26, 2026
| Earnings per share (EPS) | -0.88 |
| Gross Margin | 93.43% |
| Net Profit Margin | -127.29% |
| Debt/Equity Ratio | 0.9% |
How did MGN perform over the long term?
See historical performance and comparisonDividends
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/29 05:40 |
| End of Day Share Price | 2026/06/26 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Magnora ASA is covered by 10 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Chr. Frederik Lunde | Carnegie Investment Bank AB |
| Jørgen Lande | Danske Bank |
| Eirik Mathisen | DNB Carnegie |