Australia's Delorean Corp rises on gas sales agreement with Origin Energy Retail

Origin Energy

08/09/2025 02:51

** Shares of Delorean Corp DEL.AX rise as much as 19.2% to A$0.155, their highest level since August 29

** Stock set to gain the most since March 6, if current trends hold

**  The renewable energy co completes a binding gas sales agreement with Origin Energy Retail (Origin), an entity related to Australia's top electricity and gas retailer Origin Energy ORG.AX

** Agreement is for the long term supply of renewable biomethane to Origin from DEL's SA1 Salisbury bioenergy facility in Edinburgh Parks, South Australia

** More than 453,100 shares change hands, 2.2x the 30-day average volume

** Stock currently up 7.7%, bringing YTD losses to 17.7%

 (Reporting by Sherin Sunny in Bengaluru)

 ((Sherin.Sunny@thomsonreuters.com))