Scatec ASA (OTCMKTS:STECF – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $11.65 and traded as low as $9.53. Scatec ASA shares last traded at $9.53, with a volume of 8,795 shares.
Scatec ASA Stock Down 24.4%
The business has a 50-day moving average of $8.96 and a 200-day moving average of $11.65.
About Scatec ASA
Scatec ASA is a Norwegian renewable energy company that develops, constructs, owns and operates utility-scale renewable energy projects. The company’s activities include solar photovoltaic, onshore wind and hydropower generation, as well as energy storage solutions. Scatec typically participates across the project life cycle, from early-stage development and financing through construction, operations and asset management. Its projects supply electricity to utilities, governments, businesses and other energy customers through long-term power purchase agreements and related arrangements.
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