Origin Energy to exit Australian hydrogen project in latest blow to clean energy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 03 2024
0mins
Source: SeekingAlpha
Cancellation of Hydrogen Project: Origin Energy has canceled its hydrogen development project in the Hunter Valley Hydrogen Hub, impacting the growth of the hydrogen market as a clean fuel source.
Implications for Hydrogen Market: This decision represents a setback for the advancement of hydrogen technology and its potential role in sustainable energy solutions.
Analyst Views on ERTH
Wall Street analysts forecast ERTH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ERTH is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 47.357
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Current: 47.357
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
