0112 GMT - Plenti's bulls at Wilsons see the credit provider getting plenty of opportunities from Australia's home-battery subsidy program. Wilsons analysts point out that Plenti has a 24% share of renewable loan originations, indicating strong favorable exposure to the federal government's A$2.3 billion battery scheme. Many battery installers have said that July 2025 demand is about four times higher than a year earlier, the analysts add. With growth also strong in automotive and personal segments, Wilsons sees Plenti well positioned to deliver cash profit growth. Wilsons raises its target price 9.1% to A$1.44 and stays overweight on the stock, which is down 0.5% at A$0.945. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
July 24, 2025 21:12 ET (01:12 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.