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The latest update is out from Origin Energy Limited ( (AU:ORG) ).
Origin Energy has announced a series of transactions supporting the first standalone capital raising for Kraken Technologies, with US$1 billion to be invested by new and existing shareholders, implying a standalone valuation for Kraken of US$8.65 billion and enabling its formal separation from Octopus Energy targeted for mid-2026. Origin will invest US$140 million in the round, retain an unchanged 22.7% economic interest in Kraken, secure an additional 1.5% equity in exchange for waiving its exclusivity to the Kraken platform in Australia, and maintain a 22.7% stake in Octopus Energy, while Kraken has also signed a major licensing deal with a leading energy retailer covering more than 10 million customer accounts, underscoring Kraken’s global technology leadership and long-term growth potential for Origin shareholders.
The most recent analyst rating on (AU:ORG) stock is a Hold with a A$12.70 price target. To see the full list of analyst forecasts on Origin Energy Limited stock, see the AU:ORG Stock Forecast page.
More about Origin Energy Limited
Origin Energy Limited is a major Australian energy company involved in power generation and retailing, with a growing focus on technology-enabled energy services through its strategic stakes in Octopus Energy and Kraken Technologies. The company leverages advanced software platforms to improve energy retail operations and customer management, while positioning itself in global energy transition and digitalisation trends.
YTD Price Performance: 9.43%
Average Trading Volume: 2,915,513
Technical Sentiment Signal: Buy
Current Market Cap: A$19.45B
See more data about ORG stock on TipRanks’ Stock Analysis page.