GenusPlus Retains Buy Rating From Euroz Hartleys as Receives AU$140 Million Sub-Transmission Line Works Contract

MT Newswires Live

2024/12/24

GenusPlus Group (ASX:GNP) retained a buy rating from Euroz Hartleys after the company disclosed a AU$140 million contract from government-appointed network operator Ausgrid for the Hunter-Central Coast Renewable Energy Zone (REZ) sub-transmission line works, according to a Dec. 19 note from the financial services firm.

The contract includes the demolition of existing sub-transmission lines and the construction of new ones, along with the replacement of earth wire at the REZ.

Early services will be delivered from December this year to February 2026, followed by construction works expected to be completed in April 2028.

Shares of GenusPlus rose past 6% in recent Tuesday trade.

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