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The latest update is out from GenusPlus Group Ltd. ( (AU:GNP) ).
GenusPlus Group Ltd has been awarded additional work valued at approximately $60 million under its contract with Western Power for the Clean Energy Link – North Region project. This project aims to enhance Western Australia’s electricity network to accommodate more renewable energy, supporting the state’s decarbonization goals. The additional work includes terminal reinforcement and transmission line augmentation, with completion expected by mid-2027. This development strengthens GenusPlus’ relationship with Western Power and underscores its role as a key player in supporting renewable energy infrastructure in the region.
The most recent analyst rating on (AU:GNP) stock is a Buy with a A$2.70 price target. To see the full list of analyst forecasts on GenusPlus Group Ltd. stock, see the AU:GNP Stock Forecast page.
More about GenusPlus Group Ltd.
GenusPlus Group Ltd is a specialist provider of power and communications infrastructure and services across Australia. The company designs, builds, and maintains electrical transmission and distribution networks, substations, and battery systems. GenusPlus also offers integrated communication network solutions, supporting the transition to a carbon-neutral economy.
Average Trading Volume: 256,556
Technical Sentiment Signal: Buy
Current Market Cap: A$767.6M
Learn more about GNP stock on TipRanks’ Stock Analysis page.