Frontier Energy Limited ( (AU:FHE) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Frontier Energy Limited’s stock is on the rise due to its Waroona Project receiving 88.06 MW of peak capacity credits, projected to generate $32 million annually. This development reduces capital expenditure and takes advantage of retiring coal and gas assets in Western Australia, ensuring stable revenue without the need for new grid infrastructure. This strategic move strengthens the company’s position in the renewable energy sector, boosting investor confidence.
More about Frontier Energy Limited
YTD Price Performance: 137.50%
Average Trading Volume: 313,221
Technical Sentiment Signal: Buy
Current Market Cap: A$146.8M
For further insights into FHE stock on TipRanks’ Stock Analysis page.
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