Australia's Redflow set for best day 13 months on battery collaboration deal
02/07/2024 03:53
** Shares of battery-maker Redflow RFX.AX rise as much as
27.7% to A$0.120, set for its best day since June 1, 2023, if
gains hold
** Stock hits its highest level since April 15
** Co signs an agreement with Queensland government-owned
energy generator Stanwell Corporation
** Says agreement for deployment of Redflow's X10 battery
for use in a 400 MWh large-scale project
** More than 1.1 mln shares change hands, 3 times the 30-day
avg of 397,890 shares
** As of last close, RFX down 31.9% this year
(Reporting by Himanshi Akhand in Bengaluru)
((Himanshi.Akhand@thomsonreuters.com;))
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Australia's Redflow set for best day 13 months on battery collaboration deal