Bell Potter raises LGI target after solar acquisition advances
Bell Potter says LGI is moving toward a diversified renewable platform and raises its share-price target 6.3% to 3.40 Australian dollars.
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what happened
Newsmetry API reports that Bell Potter analyst Ritesh Varma views LGI’s solar acquisition as supporting the Australian company’s plan to develop and operate a diversified renewable-energy platform. The medium-term operating pipeline has reached 125 megawatts, comprising 26MW from biogas, 42MW from solar and 57MW of battery storage, according to Varma.
The analyst identifies commissioning a 12MW battery as the next major catalyst, most likely during the current quarter. He acknowledges that operating conditions are challenging but still sees upside risk. Bell Potter retains its buy rating and raises the target price by 6.3% to 3.40 Australian dollars. Shares are unchanged at A$2.35.
why it matters
The pipeline expansion and expected commissioning of the 12MW battery are the key operational milestones for LGI. Bell Potter’s higher target and unchanged buy rating contrast with shares remaining flat at A$2.35.
instruments
sources
- LGI's Solar Acquisition Advances Strategic Objective — Market Talk — Newsmetry API, 13 October 2026 at 00:10 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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