Latest news with #GenusPlus
West Australian
23-07-2025
- Business
- West Australian
Contracts awarded in ‘largest and most important' project to bring Midwest renewable energy to Perth
Disruptions to households are inevitable during the construction of Western Australia's largest energy infrastructure project, according to Energy and Decarbonisation Minister Amber-Jade Sanderson. Ms Sanderson said on Wednesday morning $342 million worth of contracts had been awarded to three companies to construct more 26.5km of overhead transmission lines to better connect Perth to renewable projects. UGL Engineering, GenusPlus and Acciona will all take part in projects on the lines as well as constructing terminals which will run from Western Power's Northern Terminal in Malaga to Three Springs. Work is already underway on the projects. Ms Sanderson acknowledged there will be disruptions during the work but said the project was an important one. 'With any major infrastructure project you're going to get disruptions, but this is critical to essentially connecting households to clean energy,' she said. 'The community quite rightly expects and demands that they have access to renewable energy, reliable, affordable, renewable energy, and that's what this trade transmission line will deliver.' The South West Interconnected System is the energy grid which connects the South West of Western Australia, running from the Midwest to the Goldfields and Great Southern. According to the State Government the upgraded infrastructure would connect Perth homes to around 400MW worth of existing wind power and a further 1GW of renewable energy to come. Ms Sanderson said impacted communities and individuals would be consulted. 'Western Power have been consulting carefully with local governments impacted along the line route, with individual land holders as well,' she said. 'They've gone through all of the appropriate approvals processes, enormous amount of meticulous planning and approvals work has been undertaken to deliver this project. 'I'm confident that the team at Western Power and our contracting partners will manage that carefully.' Western Power chief executive officer Sam Barbaro said the upgraded infrastructure would allow the renewable energy to reach the Perth market. 'Some of WA's, and indeed the world's, best renewable resources are in the Midwest of Western Australia which creates significant opportunities for our state for large-scale solar and wind generation,' he said. 'That's why the Clean Energy Link North project is so important, it will unlock these amazing resources and take that renewable energy to the community where it needs it.' Shadow energy minister Steve Thomas said while the upgrades were welcome, there was a lack of long-term public planning. 'We all know and acknowledge that more transmissions lines are needed and in fact the Government is years behind where it needed to be if they were to be any chance at all of completing their energy transition by their target date of October 2029,' he said. 'This announcement is premature however, as it commits hundreds of millions of taxpayers' dollars before the plan defining how the transition will work has even been finalised and released. 'The Government's Whole of System Plan was released in 2020 but was rapidly out of date. An updated version was due to be released in 2023, but two years later we're still waiting for it.' Ms Anderson said she intended to release the 'broad SWIS plan' later in the year to provide plans on the exact configuration of the transmission lines.
Yahoo
25-06-2025
- Business
- Yahoo
Here's Why We Think GenusPlus Group (ASX:GNP) Is Well Worth Watching
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even companies that have no revenue, no profit, and a record of falling short, can manage to find investors. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' Loss-making companies are always racing against time to reach financial sustainability, so investors in these companies may be taking on more risk than they should. In contrast to all that, many investors prefer to focus on companies like GenusPlus Group (ASX:GNP), which has not only revenues, but also profits. Even if this company is fairly valued by the market, investors would agree that generating consistent profits will continue to provide GenusPlus Group with the means to add long-term value to shareholders. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. If a company can keep growing earnings per share (EPS) long enough, its share price should eventually follow. That means EPS growth is considered a real positive by most successful long-term investors. GenusPlus Group managed to grow EPS by 7.0% per year, over three years. That might not be particularly high growth, but it does show that per-share earnings are moving steadily in the right direction. It's often helpful to take a look at earnings before interest and tax (EBIT) margins, as well as revenue growth, to get another take on the quality of the company's growth. GenusPlus Group maintained stable EBIT margins over the last year, all while growing revenue 35% to AU$634m. That's encouraging news for the company! The chart below shows how the company's bottom and top lines have progressed over time. Click on the chart to see the exact numbers. Check out our latest analysis for GenusPlus Group While we live in the present moment, there's little doubt that the future matters most in the investment decision process. So why not check this interactive chart depicting future EPS estimates, for GenusPlus Group? Seeing insiders owning a large portion of the shares on issue is often a good sign. Their incentives will be aligned with the investors and there's less of a probability in a sudden sell-off that would impact the share price. So as you can imagine, the fact that GenusPlus Group insiders own a significant number of shares certainly is appealing. In fact, they own 60% of the company, so they will share in the same delights and challenges experienced by the ordinary shareholders. This should be seen as a good thing, as it means insiders have a personal interest in delivering the best outcomes for shareholders. That means they have plenty of their own capital riding on the performance of the business! While it's always good to see some strong conviction in the company from insiders through heavy investment, it's also important for shareholders to ask if management compensation policies are reasonable. A brief analysis of the CEO compensation suggests they are. Our analysis has discovered that the median total compensation for the CEOs of companies like GenusPlus Group with market caps between AU$307m and AU$1.2b is about AU$1.3m. GenusPlus Group offered total compensation worth AU$647k to its CEO in the year to June 2024. That comes in below the average for similar sized companies and seems pretty reasonable. CEO compensation is hardly the most important aspect of a company to consider, but when it's reasonable, that gives a little more confidence that leadership are looking out for shareholder interests. It can also be a sign of good governance, more generally. One positive for GenusPlus Group is that it is growing EPS. That's nice to see. The fact that EPS is growing is a genuine positive for GenusPlus Group, but the pleasant picture gets better than that. With a meaningful level of insider ownership, and reasonable CEO pay, a reasonable mind might conclude that this is one stock worth watching. You still need to take note of risks, for example - GenusPlus Group has 1 warning sign we think you should be aware of. There's always the possibility of doing well buying stocks that are not growing earnings and do not have insiders buying shares. But for those who consider these important metrics, we encourage you to check out companies that do have those features. You can access a tailored list of Australian companies which have demonstrated growth backed by significant insider holdings. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. — Investing narratives with Fair Values A case for TSXV:USA to reach USD $5.00 - $9.00 (CAD $7.30–$12.29) by 2029. By Agricola – Community Contributor Fair Value Estimated: CA$12.29 · 0.9% Overvalued DLocal's Future Growth Fueled by 35% Revenue and Profit Margin Boosts By WynnLevi – Community Contributor Fair Value Estimated: $195.39 · 0.9% Overvalued Historically Cheap, but the Margin of Safety Is Still Thin By Mandelman – Community Contributor Fair Value Estimated: SEK232.58 · 0.2% Overvalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
17-06-2025
- Business
- Yahoo
GenusPlus wins $45m contract for 100MW Merredin BESS in Australia
GenusPlus Group has been awarded an A$65m ($45.13m) contract by Atmos Renewables for the design and construction of the Merredin battery energy storage system (BESS) in Western Australia, along with substation works. The 100MW four-hour capacity Merredin BESS project will enhance grid stability and contribute to energy security within the region's electricity market. The project is a joint development by Atmos Renewables and Nomad Energy and secured development approval in April 2024. The commencement of work on the project is contingent upon Atmos Renewables issuing a notice to proceed following financial closure, anticipated in June/July 2025. Genus will manage the detailed design, procurement, installation and civil works for the project over 18 months following the receipt of notice to proceed. The company will engage 70 personnel to complete the project, utilising substantial local content from Western Australia. Genus managing director David Riches stated: 'Genus is pleased to be increasing its presence in the renewable market through its involvement in this flagship project, which is aimed at providing significant benefits to Western Australians. 'The award of this contract highlights the strength of our customer relationships and our reputation for reliable delivery, and the company looks forward to building on its relationship with Atmos Renewables.' The Merredin BESS project is located 7.5km southwest of the town of Merredin, around 230km east of Perth in Western Australia's wheatbelt area. It is close to both the Great Eastern Highway and Bruce Rock Merredin Road, adjacent to the existing Merredin solar farm. The project will connect to Western Power's transmission substation at the nearby Merredin terminal station upon completion in early 2027. In January 2025, Genus won an A$270m ($167m) contract from Western Power for the Clean Energy Link, North Region project in Western Australia. "GenusPlus wins $45m contract for 100MW Merredin BESS in Australia" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
