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Frontier Energy Limited ( (AU:FHE) ) has shared an update.
Frontier Energy Limited announced that its Waroona Project has been assigned 88.06 MW of peak capacity credits for the 2027-2028 Reserve Capacity Cycle, expected to generate approximately $32 million in revenue for that year. This development is part of a broader multi-stage expansion strategy aligned with the retirement of aging coal and gas assets in Western Australia, allowing for rapid development without the need for new grid infrastructure, thus positioning Frontier Energy as a key player in the region’s energy transition.
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 energy sector, focusing on renewable energy projects. The company is primarily involved in developing and managing energy projects, with a particular emphasis on the Waroona Project in Western Australia. Frontier Energy is strategically positioned to benefit from the transition away from coal and gas power generation.
Average Trading Volume: 321,782
Technical Sentiment Signal: Buy
Current Market Cap: A$134M
Find detailed analytics on FHE stock on TipRanks’ Stock Analysis page.