Scatec ASA (OTCMKTS:STECF – Get Free Report) shares dropped 24.4% on Wednesday. The stock traded as low as $9.53 and last traded at $9.53. Approximately 8,795 shares changed hands during mid-day trading, an increase of 5,763% from the average session volume of 150 shares. The stock had previously closed at $12.60.
Scatec ASA Price Performance
The stock has a fifty day moving average of $8.97 and a two-hundred day moving average of $11.64.
Scatec ASA Company Profile
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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