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Strike Energy Limited ( (AU:STX) ) has shared an update.
Strike Energy Limited has announced significant progress in its South Erregulla Peaking Power Plant project, with the arrival and installation of the first Jenbacher engines marking a key milestone. The project aims to deliver 85 MW of power to Western Australia’s primary electricity grid by October 2026. The company is also preparing for substantial revenue from the Reserve Capacity Mechanism, with expected Capacity Credit payments providing a stable income stream. The anticipated increase in the Reserve Capacity Price for the 2027/28 Capacity Year highlights the project’s potential financial impact.
The most recent analyst rating on (AU:STX) stock is a Hold with a A$0.10 price target. To see the full list of analyst forecasts on Strike Energy Limited stock, see the AU:STX Stock Forecast page.
More about Strike Energy Limited
Strike Energy Limited is a company operating in the energy sector, focusing on the development and supply of power solutions. It is involved in the construction and operation of power plants, with a particular emphasis on providing flexible and reliable energy to the South West Interconnected System in Western Australia.
Average Trading Volume: 5,634,519
Technical Sentiment Signal: Sell
Current Market Cap: A$377.9M
For an in-depth examination of STX stock, go to TipRanks’ Overview page.