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An update from Frontier Energy Limited ( (AU:FHE) ) is now available.
Frontier Energy Limited has successfully raised $11.5 million through a placement of 46 million new shares to professional and sophisticated investors. This capital will support the completion of debt financing and fund a security deposit under the Reserve Capacity Mechanism for the Waroona Renewable Energy Project. The project is expected to receive substantial reserve capacity payments, providing guaranteed revenue essential for financing and enhancing the company’s market position in renewable energy.
The most recent analyst rating on (AU:FHE) stock is a Buy with a A$0.50 price target. To see the full list of analyst forecasts on Frontier Energy Limited stock, see the AU:FHE Stock Forecast page.
More about Frontier Energy Limited
Frontier Energy Limited operates in the renewable energy sector, focusing on the development and management of energy projects. The company is engaged in initiatives like the Waroona Renewable Energy Project, aiming to generate sustainable energy solutions.
Average Trading Volume: 325,798
Technical Sentiment Signal: Buy
Current Market Cap: A$134M
For an in-depth examination of FHE stock, go to TipRanks’ Overview page.