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Home Consortium Ltd ( (AU:HMC) ) just unveiled an update.
HMC Capital Limited has deferred the financial close of its acquisition of Neoen Australia’s Victorian assets to August 2025. The company has secured a $200 million non-recourse mezzanine financing facility to support this acquisition and plans to merge the Neoen VIC Portfolio with its Stor Energy battery platforms, creating a consolidated renewable energy platform. The Bulgana Wind Farm, affected by a fire incident, is expected to return to full operation soon, ensuring no significant impact on cashflows. HMC is also exploring strategic partnerships and fundraising options to optimize the value of its Energy Transition portfolio.
The most recent analyst rating on (AU:HMC) stock is a Buy with a A$10.85 price target. To see the full list of analyst forecasts on Home Consortium Ltd stock, see the AU:HMC Stock Forecast page.
More about Home Consortium Ltd
HMC Capital Limited operates in the renewable energy sector, focusing on the acquisition and development of energy transition assets. The company is involved in managing and optimizing portfolios of wind and battery energy storage systems, aiming to establish a leading operational and development platform in Australia.
Average Trading Volume: 1,911,240
Technical Sentiment Signal: Sell
Current Market Cap: A$2.09B
Learn more about HMC stock on TipRanks’ Stock Analysis page.