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GenusPlus Group Ltd. ( (AU:GNP) ) has issued an announcement.
GenusPlus Group Ltd has confirmed the commencement of construction for the Hunter-Central Coast Renewable Energy Zone sub-transmission line works, following the execution of a Project Deed with Ausgrid and the Energy Corporation of New South Wales. The contract, valued at approximately $140 million, involves significant infrastructure upgrades, including the demolition and construction of sub-transmission lines and the installation of advanced communication cables, with completion expected by Q1 2028. This project positions GenusPlus as a key player in supporting renewable energy infrastructure in Australia.
The most recent analyst rating on (AU:GNP) stock is a Buy with a A$7.50 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, enabling the integration of new generation technology into traditional networks. GenusPlus also delivers scalable communication network solutions, including network design and infrastructure, supported by real-time management expertise.
Average Trading Volume: 252,812
Technical Sentiment Signal: Buy
Current Market Cap: A$1.19B
For an in-depth examination of GNP stock, go to TipRanks’ Overview page.