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An announcement from GenusPlus Group Ltd. ( (AU:GNP) ) is now available.
GenusPlus Group Ltd, a national provider of essential power and communications infrastructure across Australia, focuses on designing, building and maintaining transmission and distribution networks, substations and battery systems. It also delivers integrated communication network solutions, enabling customers to adopt new generation technologies and meet the demands of a carbon-neutral economy.
The company has secured a lump-sum, turn-key contract worth about $110 million to deliver the balance-of-plant scope and battery energy storage system installation for the 200MW/800MWh Koolunga Battery Energy Storage System project in South Australia. Work on the state-significant KLG project, owned by Equis Development, will begin shortly and is expected to complete by September 2027, reinforcing GenusPlus’s capability in large, complex energy storage infrastructure and its role in Australia’s clean energy transition.
The most recent analyst rating on (AU:GNP) stock is a Buy with a A$9.49 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 an Australian specialist in power and communications infrastructure and services. The company designs, builds and maintains electrical transmission and distribution networks, substations and battery systems, and helps customers integrate new generation technologies and scalable communication networks to support a carbon-neutral economy.
Average Trading Volume: 338,386
Technical Sentiment Signal: Buy
Current Market Cap: A$1.61B
See more insights into GNP stock on TipRanks’ Stock Analysis page.