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The latest announcement is out from Delorean Corporation Ltd ( (AU:DEL) ).
Delorean Corporation has confirmed that its proposed Horsley Park Bioenergy plant in New South Wales will not proceed after partner Brickworks chose not to move toward a final investment decision on the jointly developed project. In response, Delorean plans to redirect its efforts to other project opportunities in NSW, advance its VIC1 project into construction, and continue progressing construction of its wholly owned SA1 facility, signalling a reallocation of capital and management focus that may reshape its development pipeline but underlines its broader commitment to expanding bioenergy capacity across multiple states.
The most recent analyst rating on (AU:DEL) stock is a Hold with a A$0.14 price target. To see the full list of analyst forecasts on Delorean Corporation Ltd stock, see the AU:DEL Stock Forecast page.
More about Delorean Corporation Ltd
Delorean Corporation Ltd is an Australian bioenergy company that designs, builds, owns and manages bioenergy infrastructure, while also operating in the energy retail market. Through its engineering, infrastructure and energy retail divisions, the vertically integrated group processes organic waste to generate renewable electricity, heat and gas, targeting the high-growth renewable energy and waste management sectors with multiple revenue streams and reduced landfill volumes.
Average Trading Volume: 117,019
Technical Sentiment Signal: Sell
Current Market Cap: A$30.84M
For a thorough assessment of DEL stock, go to TipRanks’ Stock Analysis page.