Australia's LGI logs highest gain in nearly 3 weeks after Queensland solar assets deal
06/10/2026 24:23
BUZZ-Australia's LGI logs highest gain in nearly 3 weeks after Queensland solar assets deal ** Shares of LGI Ltd LGI.AX rise as much as 5.9% to A$2.06, their biggest intraday percentage gain since September 17
** Waste-to-energy company to acquire 42 megawatts of operating grid-connected solar assets in Queensland for A$22 million ($15.33 million), with no associated debt
** Adds acquisition expected to contribute annual EBITDA of A$2.1 million to A$4.0 million, depending on timing of synergies and implementation of its Dynamic Asset Control System
** Stock has risen 49% this year, including session's move
($1 = 1.4353 Australian dollars)
(Reporting by Roshan Thomas in Bengaluru)
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