Citi flags Australia's APA as potential beneficiary of data centre-driven grid pressures

APA

10/06/2026 19:40

** Analysts at Citi reiterate "buy" rating on Australia's APA Group APA.AX, citing rising data centre-driven power demand and grid stability concerns as a medium-term opportunity for its power generation and infrastructure business
** Brokerage highlights growing concerns over grid stability in Australia amid surging power demand from data centres, as reported in local media
** Adds rising demand seen increasing risks of grid instability, including voltage disturbances and potential outages, prompting policy focus on system resilience
** Broker notes the Australian energy infrastructure firm ability to offer integrated solutions including generation and grid connectivity, along with preference for capacity-based contracts
** Two of 10 analysts rate the stock "buy" or higher, four "hold" and four "sell" or lower; their median PT is A$9.13, according to data compiled by LSEG
** Stock has risen 17.6% this year, as of last close

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))