🔴 NOFR.TA is trading 7% down today, extending weakness after multi-year storage deal

NOFR.TA is trading 7% down today at $23,000, extending weakness following its recent multi-year energy storage power supply contract announcement.

• Investors are currently digesting the long-term nature and returns of the 15-year, 100 MW/500 MWh storage deal.
• The stock has pulled back from gains seen earlier in July, while broader markets also trade slightly lower.