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MAAS Group Holdings Ltd. ( (AU:MGH) ) has issued an update.
Maas Group Holdings’ electrical infrastructure subsidiary JLE Group has secured an agreement worth about $200 million with Firmus Technologies to supply, deliver and install turnkey modular electrical infrastructure, including Firmus “PowerCube” solutions and associated high-voltage systems, for a 100MW AI factory cluster in Launceston scheduled for progressive delivery through 2026. The deal significantly expands JLE’s forward workload, deepens Maas Group’s position in the fast-growing AI and digital infrastructure sector, and underpins expected earnings growth over the near to medium term, while the parties are also collaborating on a potential staged rollout of more than 500MW of additional AI factory capacity in Tasmania by 2028, reinforcing Maas Group’s role as a key domestic partner in Australia’s sovereign AI infrastructure build-out.
The most recent analyst rating on (AU:MGH) stock is a Buy with a A$5.45 price target. To see the full list of analyst forecasts on MAAS Group Holdings Ltd. stock, see the AU:MGH Stock Forecast page.
More about MAAS Group Holdings Ltd.
Maas Group Holdings Limited (MGH) is a leading independent Australian construction materials, equipment and services provider with diversified exposure across civil, infrastructure, renewable energy, mining and real estate end markets. Through subsidiaries such as JLE Group, it delivers specialised electrical infrastructure and modular, prefabricated solutions to support large-scale industrial and infrastructure projects.
Average Trading Volume: 504,874
Technical Sentiment Signal: Buy
Current Market Cap: A$1.66B
For an in-depth examination of MGH stock, go to TipRanks’ Overview page.