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GenusPlus Group Ltd. ( (AU:GNP) ) has shared an update.
GenusPlus Group Ltd has been awarded three significant contracts by Fortescue Metals Group as part of Fortescue’s decarbonisation initiatives in Western Australia. The contracts, valued at approximately $60 million, involve the construction of transmission lines and power distribution infrastructure at Fortescue’s mining sites, with completion expected by the fourth quarter of 2026. This collaboration underscores GenusPlus’s ongoing commitment to supporting Fortescue’s efforts to achieve Real Zero terrestrial emissions by 2030, enhancing its position as a key player in the power and communications infrastructure industry.
The most recent analyst rating on (AU:GNP) stock is a Buy with a A$6.00 price target. To see the full list of analyst forecasts on GenusPlus Group Ltd. stock, see the AU:GNP Stock Forecast page.
More about GenusPlus Group Ltd.
GenusPlus Group Ltd is a specialist provider of power and communications infrastructure and services across Australia. The company designs, builds, and maintains electrical transmission and distribution networks, substations, and battery systems. GenusPlus enables customers to integrate new generation technology into traditional networks and supports emerging networking solutions to meet the demands of a carbon-neutral economy. The company also delivers integrated communication network solutions, including network design and fixed and wireless infrastructure.
Average Trading Volume: 292,766
Technical Sentiment Signal: Buy
Current Market Cap: A$1.11B
For a thorough assessment of GNP stock, go to TipRanks’ Stock Analysis page.