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PPK Group Limited ( (AU:PPK) ) has provided an update.
Li-S Energy Limited, partially owned by PPK Group Limited, has secured a $7.8 million grant from the Australian Renewable Energy Agency (ARENA) to support the development of a large-scale lithium-sulfur battery cell manufacturing facility. This funding aims to enhance Australia’s battery manufacturing capabilities, aligning with the country’s energy storage strategy and supporting the transition to renewable energy by increasing energy density and reducing costs.
The most recent analyst rating on (AU:PPK) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on PPK Group Limited stock, see the AU:PPK Stock Forecast page.
More about PPK Group Limited
PPK Group Limited is involved in the advanced battery manufacturing industry, with a significant equity interest in Li-S Energy Limited. The company focuses on the development and production of lithium-sulfur batteries, which have applications in electric vehicles, drones, and other high-value commercial markets.
Average Trading Volume: 48,461
Technical Sentiment Signal: Hold
Current Market Cap: A$41.11M
See more insights into PPK stock on TipRanks’ Stock Analysis page.