Articles On Genex Power (ASX:GNX)

Diminishing concern about higher interest rates helped lift the share market to a seven-week high on the eve of the August RBA meeting. The S&P/ASX 200 rallied 48 points or 0.69 per cent to 6993, its highest close since June 10. The...

The board of ASX-listed Genex Power Limited (ASX: GNX) have rejected a takeover bid by Altassian co-founder Scott Farquhar as undervaluing the business. Last Monday, after building up a 19.9% stake in Genex via a consortium controlled by Sk...

ShareCafeLunch Report: 1 August, 2022 by Paul Sanger   The ASX is once again in the green, following on from its strong performance last week. Today’s move comes after a strong finish on Wall Street on Friday night. At noon, the S&P/ASX...

Aussie shares rallied for a fifth session as July’s momentum continued into a new month. The S&P/ASX 200 climbed 26 points or 0.37 per cent to a fresh seven-week high. The benchmark rose to within 25 points of the 7000 level for the...

The Genex Power Ltd (ASX: GNX) share price is in the green after the company knocked back the $300 million takeover proposal put to it last week. The renewable energy company’s board said the 23 cents per share offer – representing a 70%...

Atlassian co-founder Scott Farquhar is going to have to dig deeper into his pockets if a planned $320 million takeover bid for Genex Power (ASX: GNX) is to succeed. The Genex board has rejected the bid by the Farquhar-led Skip Investments...

The ASX is poised to open Monday 0.70% higher Wall Street had its best month in July since November 2020 Ahead this week, the RBA’s meeting on Tuesday Local shares are set to open higher today. At 8am AEDT, the ASX 200 August futures is p...

It’ll take more than a 70 per cent premium and a clean cash offer to get a proper look under the bonnet at renewable energy group Genex Power. 

The valuation debate has kicked off at Genex Power, following Skip Capital and Stonepeak Partners’ surprise $320 million indicative bid. 

Two months after Mike Cannon-Brookes made an audacious but ultimately doomed takeover bid for AGL, his Atlassian co-founder and co-billionaire Scott Farquhar is making his own energy play with a $320 million tilt at ASX-listed Genex Power L...

ShareCafeEvening Report: 25 July, 2022 by Paul Sanger   Australian shares have struggled for momentum as gains in miners on the back of firm commodity prices countered losses in technology and financial stocks. Miners gained 1.1 per cent, w...

ASX 200 is flat Small Caps index is flatter, let’s call it tepid Lots of fun rumours to dissect   So the Hang Seng Tech index lost nearly 2% when it opened this morning. And while most major indices across the Asia-Pacific ‘hood were inde...

The share market finished little changed at the start of a huge week of corporate earnings and economic data as gains in miners and utilities offset pressure on tech firms and healthcare providers. The S&P/ASX 200 traded in a tight 2...

A private investment fund controlled by Atlassian co-founder Scott Farquhar and his wife Kim Jackson has teamed up with US-based alternative asset manager Stonepeak Partners to make a $320 million play for renewable energy producer Genex Po...

25 Jul 2022 - A snapshot of the stocks on the move featuring Genex Power (ASX:GNX), Terracom (ASX:TER) and Flight Centre Travel (ASX:FLT).

Aussie shares edged lower for a second day in response to soft leads from Wall Street ahead of a big week of corporate earnings and economic data. The S&P/ASX 200 faded 15 points or 0.22 per cent by mid-session. Gains in miners, u...

ShareCafeLunch Report: 25 July, 2022 by Paul Sanger   At noon, the S&P/ASX 200 is 0.13 per cent or 8.50 points lower at 6783.00. Asian equities are mixed Monday. Japanese stocks are logging mild declines while Korea is little changed. O...

ShareCafeStocks of the Hour: 25 July, 2022                  Queensland renewable energy developer Genex Power (ASX:GNX) has received a conditional, non-binding, bid from Atlassian billionaire Scott Farquhar, Mr Farquhar’s investment f...

Genex Power (GNX) shares soar on news of a takeover bid to acquire shares at 23 cents each through a scheme of arrangement The offer represents a 70 per cent premium to the company’s closing price on Friday of 13.5 cents The proposal came ...

The Genex Power Ltd (ASX: GNX) share price is taking off on Monday after the company confirmed a $300 million takeover bid and released its latest quarterly update. The Genex share price launched 51.8% on open to reach 20.5 cents. At the t...

Stockhead’s Top 10 at 10, published at 10.30am each trading day, highlights the best (and worst) performing ASX stocks in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest movers...

Highlights: The S&P/ASX200 opened a little higher today (July 25). ASX 200 has been taking cues from the Wall Street which closed on a mixed note on Friday. Ten out of eleven sectors on the ASX opened up strong today. The S&am...

Highlights: The S&P/ASX200 opened a little higher today (July 25). ASX 200 has been taking cues from the Wall Street which closed on a mixed note on Friday. Ten out of eleven sectors on the ASX opened up strong today. The S&am...

Today could be a big one for the Genex Power Ltd (ASX: GNX) share price after the company received a takeover bid worth more than $300 million. The 23 cents per share bid for the company was posted by a consortium including Atlassian co-fo...

Private capital’s calling for listed renewables group Genex Power, lobbing a $500 million-plus bid.

The State of the Environment report paints a bleak picture of the health of the nation’s natural environment  “Australia has lost more mammal species than any other continent over the past 200 years”, the report says The NT and INPEX deci...

ASX renewable energy shares incorporate a range of companies involved in producing clean energy sources. They span several sectors including resources, materials, and energy. Think lithium explorers, battery producers, electric vehicle ma...

Grid-scale renewables will need to more than double to replace retiring coal generators by 2030 With 8GW of coal expected to retire by 2030, experts say we need around 18GW of wind and solar to replace it  There’s no short-term switch to b...

Energy transition leaders are urging businesses to factor in Scope-3 emissions  UniSA reckons tens of thousands of wind turbines will end up in landfill by the end of the decade Solar panels can be hazardous in landfill, where materials c...

As Australia’s east coast residents struggle to stay warm, ministers have recommended a National Transition Plan, a capacity mechanism, and exploration of gas market policies But the IEEFA says the proposed capacity mechanism may well and...

Today in Australian politics, commitments have been long on words and very, very short on what net-zero means, according to experts If net-zero targets are to be taken seriously, Australia needs to stop the development chain of oil, coal,...

Failing an election day voting glitch that installs Craig Kelly as PM, Australians should be waking up to an Albo or ScoMo-led nation tomorrow morning and – yes – we’re familiar enough with them now to use their nicknames. So how will the s...

Origin Energy has reached an important milestone in its plans to develop a large-scale battery at Eraring Power Station Two NZ companies are planning to build the country’s first nationwide hydrogen refuelling network Aussie largest bus bu...

WA Government sets out to implement a Renewable Hydrogen Target WA companies such as Infinite Blue Energy and Province Resources will benefit  Canadian company Ionomr Innovations achieves durability milestones in electrolysis The McGowan...

There is hardly a dull moment in the world of ASX-listed renewable energy shares. Given how topical the green transition is these days, attention-grabbing headlines are landing frequently. The March 2022 quarter was no different. A notabl...

Highlights The world is increasingly becoming aware of the need to reduce dependence on fossil fuels, which results in massive carbon emissions, thus impacting the environment. Investors have been focusing on green energy stocks lately...

Climate spending will received a 35% cut over the next four years if Morrison is re-elected Electric vehicles lose out in federal budget, as does renewable energy Qantas reveals interim target of 25pc reduction by 2030   The Morrison gove...

ASX Emerging Companies (XEC) index has closed o.2% higher Monday Monday winners: Terramin Australia (ASX:TZN), Frontier Resources (ASX:FNT), Ardea Resources (ASX:ARL) Monday losers: Melbana Energy (ASX:MAY)   The ASX Emerging Companies...

Goldman Sachs says hydrogen generation could become a $1 trillion per year market Queensland Government announces $3,000 rebate for EV purchases under $58k Billionaire backed Sun Cable raises $210mn   Yep, you heard that right. Green hydr...

ASX renewable shares have been struggling so far in 2022. Particularly if you compare their performance to some of the leading ASX fossil fuel energy shares. Now, before we continue, there’s no single clear definition of what constitutes a...

Genex Power (ASX:GNX) is now funded for and committed to the 50MW / 100MWh Bouldercombe Battery Project (BBP) with Tesla.

Genex Power (GNX) reaches financial close for its 50MW/100MWh Bouldercombe Battery project in central Queensland Financial close signals the satisfaction of all conditions precedent associated with the project The company says it was able...

Australian hydrogen storage and technology company, LAVO, has received $5 million to expand prototyping, testing, and pilot manufacturing for the LAVO Hydrogen Energy Storage System at Tomago in the Hunter Region of NSW, creating up to 250...

The ASX Emerging Companies Index (XEC) has recovered strongly on Wednesday, gaining 2.75%. The ASX200 also closed higher, gaining around 45 points or 0.6%. The market found its feet in afternoon trade, tech stocks leading the way. Look. Rat...

Australian electricity generation company, Genex Power (ASX:GNX) has received strong commitments from existing, new, domestic, and international investors to raise $40m towards the construction of the 50MW/100MWH Bouldercombe Battery Projec...

So basically, this is how I read it. Because of two really screwball takeover ideas involving the A2 Milk Co and AGL Energy —  two of the more screwball companies floating about on the benchmark index — the S&P/ASX200 is higher on Monda...

Genex Power (GNX) has received final credit approvals from Infradebt for a $35 million debt facility The funds will support the construction of the Bouldercombe Battery Project, which Genex says will be one of the first standalone battery...

Australia’s biggest climate polluter, AGL Energy (ASX:AGL) has rejected a joint takeover bid by tech billionaire Mike Cannon-Brookes and Canada’s Brookfield Asset Management, saying the proposal “is not in the best interests of AGL Energy s...

ASX-listed Genex Power was fronting investors for $40 million this morning to build its Bundercombe battery which Tesla will use.

The US Department of Energy (DOE) announced a series of actions on Tuesday to advance climate action in the industrial sector, including the allocation of more than US$9 billion to develop clean hydrogen capacity in the US. “Clean hydrogen...