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QPM Energy ( (AU:QPM) ) has provided an announcement.
QPM Energy has launched the Isaac Energy Hub, a significant energy asset aimed at providing flexible electricity generation and long-duration energy storage to aid Queensland’s energy transition. The first stage involves the Isaac Power Station, featuring 112MW gas-fired generation with secured gas turbines, targeting a final investment decision by December 2025. Additionally, QPM completed a major overhaul of the Townsville Power Station, successfully operating its gas turbine and preparing for dispatch control under a new agreement. The company also completed a supported share placement and share purchase plan, maintaining a cash balance of $20.2 million.
The most recent analyst rating on (AU:QPM) stock is a Buy with a A$0.11 price target. To see the full list of analyst forecasts on QPM Energy stock, see the AU:QPM Stock Forecast page.
More about QPM Energy
QPM Energy Ltd is a company operating in the energy sector, focusing on electricity generation and energy storage solutions. The company is involved in the development of energy assets to support energy transitions, particularly in Queensland, Australia.
Average Trading Volume: 7,539,247
Technical Sentiment Signal: Sell
Current Market Cap: A$104.5M
Learn more about QPM stock on TipRanks’ Stock Analysis page.