Statkraft to establish its first ever floating solar facility in Albania
Norwegian renewable energy giant, Statkraft, is acting on its plans to set up its first ever floating solar facility in Albania during 2019 and 2020, subject to regulatory approvals. Another Norwegian company, Ocean Sun, specializes in floating solar technology and will be responsible for providing Statkraft with a floating solar plant in a reservoir in the European country.
The Albanian solar park will be made up of four 0.5 megawatt (MW) units, Statkraft said in an announcement Tuesday. Investment in the project will amount to 2.3 million euros ($2.59 million).
Statkraft has a long standing strategy to grow renewable energy from hydro, solar and wind. According to the company’s CEO, the current solar park plan fits very well with this strategy. He is further hopeful that if the current plan works out well and cost-effectiveness is also reached, the company will think of establishing more floating solar in other Statkraft locations.
According to a 2018 report from the World Bank Group and the Solar Energy Research Institute of Singapore, worldwide capacity of floating solar had increased from 10 MW at the end of 2014 to 1.1 gigawatts (GW) by September 2018. It is further estimated that it has the potential to reach 400 GW worldwide, although no timeline is provided.
XEL's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for XEL turned positive on April 29, 2025. Looking at past instances where XEL's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
XEL moved above its 50-day moving average on April 28, 2025 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for XEL crossed bullishly above the 50-day moving average on April 22, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where XEL advanced for three days, in of 331 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The 10-day RSI Indicator for XEL moved out of overbought territory on April 04, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 32 similar instances where the indicator moved out of overbought territory. In of the 32 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The Momentum Indicator moved below the 0 level on May 06, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on XEL as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where XEL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
XEL broke above its upper Bollinger Band on April 03, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. XEL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 64, placing this stock slightly better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.680) is normal, around the industry mean (1.710). P/E Ratio (16.604) is within average values for comparable stocks, (23.490). Projected Growth (PEG Ratio) (2.352) is also within normal values, averaging (2.640). Dividend Yield (0.040) settles around the average of (0.069) among similar stocks. P/S Ratio (2.071) is also within normal values, averaging (3.122).
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a provider of electric and natural gas utility services
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