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Frontier Energy Limited ( (AU:FHE) ) just unveiled an announcement.
Frontier Energy has appointed former Pacific Energy chief executive Jamie Cullen as Executive Chairman, strengthening its leadership as it advances the Waroona energy project in Western Australia. Cullen, who previously built Pacific Energy into Australia’s largest remote power specialist with about 1GW of contracted generation and led a multibillion-dollar refinancing and privatisation process, brings deep expertise in project development, financing and commercialisation.
As part of the board reshuffle, current chairman Guy Chalkley and executive director Grant Davey will move to non-executive roles, while executive director Chris Bath steps off the board but remains chief financial officer. The company expects Cullen’s track record in delivering large-scale energy projects and securing funding to be instrumental as it pushes toward a final investment decision and construction on Stage One of Waroona, a critical asset in Western Australia’s energy transition.
The most recent analyst rating on (AU:FHE) stock is a Hold with a A$0.22 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 is an Australian energy developer focused on new generation and storage projects in Western Australia. The company’s flagship Waroona Project is positioned to support the state’s transition away from ageing coal-fired power, targeting growing demand for reliable, contracted power and grid support services.
Average Trading Volume: 323,743
Technical Sentiment Signal: Sell
Current Market Cap: A$123.8M
For a thorough assessment of FHE stock, go to TipRanks’ Stock Analysis page.