REC Silicon continued to rally on Wednesday in the wake of Kjell Inge Røkke’s exit by cutting 10.5 percent to NOK 15.03.
Strong turbid confirmation
At the top of the list of winners is Røkke’s green investment firm Aker Horizons, which rose 12.7 percent to NOK 24.52 after Japanese giant Mitsui invested NOK 5.5 billion in Mainstream Renewable Power. The Japanese thus increased to 27.5 percent of the company’s ownership, valued at NOK 20 billion.
That such a big player is putting large sums of money on the table is a strong assertion, analyst Turner Holm at Plato Securities in Clarkson tells Finansavisen.
He believes that the transactions of the past two days show that Aker is at its best.
Anyway, Aker Horizons calmed down from early trading, when the stock rose more than 30 percent to 29 crowns, six crowns below Pareto’s target price.
red doubling filter
In addition to three container ships MPC, Nel and REC Silicon, we find Borgestad and Induct at the top of the list of losers with 12 and 10 percent, respectively. House of Control shares fell 9 percent.
Relatively high on the list of losers is also Vow, which corrected down more than 5 per cent to NOK 22.02 after rising sharply in the wake of SpareBank1 Markets’ launch of the stock as a double filter earlier this week.
Earlier this week, it was also announced that Mercell’s CFO and Commercial Director will be leaving their roles with immediate effect. On Thursday, the share fell by about eight percent.
Zwipe to the top after the Visa deal
Zwipe tops the winning list, which jumped more than 27 percent to 23 crowns after receiving a VISA certification for its Zwipe Pay platform.
Prosafe followed closely, rising 17 per cent to NOK 126.40 after Selena Middelfart and the Ulrichsen family each announced holdings of more than 6 per cent after DNB divested nearly all of its shares.
Analysts at Clarkson’s Platou raised price expectations and price targets for a number of drilling rig stocks earlier this week. For example, the brokerage has a buy recommendation on Shelf Drilling, which rose 7.6 per cent to NOK 14.50 on Thursday.
Hafnia shares rose nearly 8 percent to 23.35 crowns after Fernley Securities raised its target price from 23 to 27 crowns and reiterated its buy recommendation. Argeo is up about the same amount after a new decade.
We also take into account that Aker Biomarine is up nearly 7 percent to NOK 51.20 after Nordea analyst Sander Lie took over Omega-3 stock with a buy recommendation and a price target of NOK 60. The exchange rate fell from nearly 130 kroner at the beginning of 2021.
“Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff.”
