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 in upward trend: price expected to rise as it breaks its lower Bollinger Band on June 16, 2025
XEL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 35 cases where XEL's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where XEL's RSI Oscillator exited the oversold zone, of 21 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on June 30, 2025. You may want to consider a long position or call options on XEL as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for XEL just turned positive on June 24, 2025. Looking at past instances where XEL's MACD turned positive, the stock continued to rise in of 52 cases 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 329 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 65 cases where XEL's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
XEL moved below its 50-day moving average on June 02, 2025 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for XEL crossed bearishly below the 50-day moving average on June 04, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following 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 .
The Aroon Indicator for XEL entered a downward trend on June 30, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying 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 Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. XEL’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued 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).
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 66, 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.
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a provider of electric and natural gas utility services
Industry ElectricUtilities
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