Skanska B stock rises as data centers lift targets

Published on 09/22/2026 at 16:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Skanska B stock traded at SEK 281.60 on September 22, 2026, up 3.07 percent. DNB Carnegie lifted its target to SEK 330 from SEK 270.

Fotorealistische Baustelle mit Turmkran und Stahlgerüst im Abendlicht der Stadt — Skanska AB (SE0000113250) zeigt fotorealistisch eine Baustelle mit Kran und Hochhausrohbau bei Sonnenuntergang, Illustration mit AI erstellt.

Skanska B stock traded at SEK 281.60 on Nasdaq Stockholm at 9:27 a.m. GMT+2 on September 22, 2026, up 3.07 percent from the prior close of SEK 273.20. The move followed a data center contract and a higher analyst target.

Data center demand drives upgrade

Skanska signed a contract with an existing client to start work on a data center in Georgia worth about SEK 780 million on September 22, 2026, according to Newsquawk. The contract gives the data center theme a concrete order value rather than relying only on sector projections.

Placera reported on September 22, 2026, that DNB Carnegie raised its recommendation from Hold to Buy and increased its price target from SEK 270 to SEK 330. The new target is SEK 48 above the September 21 closing price, a 17.6 percent difference based on those two figures.

Order backlog adds operating leverage

DNB Carnegie said Skanska had announced SEK 69 billion of data center orders since the turn of 2021 and 2022, while estimated annual US data center construction investment had risen from USD 10 billion in 2021 to USD 75 billion. The analysis estimated Skanska data center revenue would grow 46 percent year over year in 2026 and represent 27 percent of US revenue, figures published by Placera on September 22, 2026.

The market data show why the upgrade matters immediately. Skanska traded within a September 22 range of SEK 279.00 to SEK 282.90, while the 52-week range was SEK 233.00 to SEK 282.90. The current quote was therefore at the reported 52-week high, and the intraday market capitalization was SEK 116.605 billion.

Stock reaches yearly high

Volume was 324,439 shares at the Yahoo Finance snapshot on September 22, 2026, below the stated average volume of 655,593. The price reaction was strong, but the lower volume means the move had not yet matched the recent average trading activity.

Skanska reported trailing twelve-month revenue of SEK 174.14 billion, net income available to common shareholders of SEK 6.63 billion and diluted EPS of SEK 15.98 in the financial data shown on September 22, 2026. The same data reported second-quarter fiscal 2026 revenue of SEK 44.56 billion, earnings of SEK 1.79 billion and a 4.01 percent profit margin, providing current operating figures for comparison.

SEK 281.60 closes the article

Skanska B stock stood at SEK 281.60 on Nasdaq Stockholm as of 9:27 a.m. GMT+2 on September 22, 2026, with the 52-week high also at SEK 282.90 and market capitalization at SEK 116.605 billion.