Australia's Janus Electric gains on new US order

Janus Electric Holdings

04/06/2026 02:46

** Shares of Australia's Janus Electric JNS.AX rise as much as 8.3% to A$0.163, head for their biggest daily gain since May 21
** Electric vehicle technology firm says U.S. customer  Ability Tri-Modal has ordered two additional conversion kits, bringing its total order to four
** Says U.S. government incentives total nearly $166,000 per truck, substantially reducing the cost of a Janus conversion for qualifying Californian fleet operators
** Stock has nearly tripled in value so far this year

 (Reporting by Keshav Singh Chundawat in Bengaluru)
 ((Keshav.singhchundawat@thomsonreuters.com))