Local utilities are getting into the solar business after the recent opening of the First Solar plant, but TVA allows for only 5% of their power production to come from this alternative source.
Our fair value estimate assumes 8.4% five-year EBITDA CAGR to an unchanged AUD 1.3 billion by fiscal 2029 versus fiscal 2024’s AUD 852 million. This assumes EBITDA margin expansion to 9.0% midcycle ...