Jefferies lowers PT for Australia's Origin on weaker guidance, lower wholesale prices

Origin Energy

28/04/2026 19:51

** Jefferies analysts lower PT on Origin Energy ORG.AX to A$13.04 per share from A$13.34 per share; retain "buy" rating

** Brokerage calls earnings downgrade for ORG's share in Britain's Octopus Energy "disappointing"

** The power producer warned of a potential annual loss at Octopus on Monday, compared with its earlier guidance of up to A$150 million profit

** Energy Markets is performing in-line with expectations, but we have now assumed lower wholesale prices - Jefferies

** Share of Octopus Energy EBITDA is forecasted to be a loss of A$47 million in FY26 - brokerage

** YTD, Origin stock up 1.5% as of last close

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))