BUZZ-Australia's Frontier Energy soars on government support for renewable energy project

Reuters

2025/03/24

** Shares of Frontier Energy FHE.AX rise as much as 48% to A$0.145, posting their biggest intraday percentage gain since March 3, 2022

** Stock hits highest level since November 27, 2024

** Renewable energy firm says its Waroona Project was selected for the Australian Government's Capacity Investment Scheme (CIS)

** Says CIS provides a revenue floor, guaranteed by the government for up to 15 years

** About 4.7 mln shares change hands, vs the 30-day average of nearly 294,000, recording their busiest day since November 2024

** Stock last up 35.2%, bringing YTD gains to 10.4%

(Reporting by Aaditya Govind Rao in Bengaluru)

((Aaditya.govindrao@thomsonreuters.com;))

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11:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Australia's Frontier Energy soars on government support for renewable energy project</title></head><body><p>** Shares of Frontier Energy <span>FHE.AX</span> rise as much as 48% to A$0.145, posting their biggest intraday percentage gain since March 3, 2022</p><p>** Stock hits highest level since November 27, 2024</p><p>** Renewable energy firm <span>says</span> its Waroona Project was selected for the Australian Government's Capacity Investment Scheme (CIS)</p><p>** Says CIS provides a revenue floor, guaranteed by the government for up to 15 years</p><p>** About 4.7 mln shares change hands, vs the 30-day average of nearly 294,000, recording their busiest day since November 2024</p><p>** Stock last up 35.2%, bringing YTD gains to 10.4%</p><p> (Reporting by Aaditya Govind Rao in Bengaluru)</p><p> 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