Australia's LGI heads for best week since late-August on Queensland solar deal
09/10/2026 05:51
BUZZ-Australia's LGI heads for best week since late-August on Queensland solar deal ** Shares of Australia's LGI LGI.AX rise 19.8% so far this week, on track for biggest weekly gain since the week ended August 21, if current trend sustains
** Stock down nearly 1% on the day
** The waste-to-energy company said on Tuesday it would acquire 42 megawatts of operating grid-connected solar assets in Queensland for A$22 million ($15.35 million) with no associated debt
** Added acquisition is expected to contribute annual EBITDA of A$2.1 million to A$4 million, depending on timing of synergies and implementation of its Dynamic Asset Control System** LGI stock down 44%, YTD
($1 = 1.4337 Australian dollars)
(Reporting by Swetha Lakshmi in Bengaluru)
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