Arendals Fossekompani traded at 178.50 this Friday May 15th, decreasing 4.50 or 2.46 percent since the previous trading session. Looking back, over the last four weeks, Arendals Fossekompani lost 4.55 percent. Over the last 12 months, its price rose by 37.31 percent. Looking ahead, we forecast Arendals Fossekompani to be priced at 187.03 by the end of this quarter and at 175.60 in one year, according to Trading Economics global macro models projections and analysts expectations.
Arendals Fossekompani ASA is a Norway-based company active within the energy industry. The Company is engaged primarily in the ownership and operation of three hydroelectric power plants located in the region of Arendal, south Norway. Additionally, the Company is directly and indirectly involved in other activities, such as investment in real estate. The Company has such subsidiaries, as EFD, which manufactures induction heating equipment; Kelin Kraft, a billing and settlement services company; Markedskraft, which provides services to clients active in the electricity wholesale market; Powel, which supplies software to the energy and public sectors; Scanmatic, which develops products and systems for industrial monitoring and remote support, and Sonans, which runs education programs, among others. In July, 2013, the Company increased its ownership in Tekna Plasma Systems into 100%, through an acquisition of additional 51%-stakes.