0005 GMT - Infragreen gets a new bull at Morgans, where analyst Jared Gelsomino sees potential both for strong organic growth and for bolt-on acquisitions. Initiating coverage of the ASX-listed stock with a buy rating, Gelsomino tells clients that he expects near-term growth to be led by the industrial operator's solar-panel installation business. He expects strong solar installation demand to drive 37% growth in the group's FY 2026 underlying Ebitda, with the rest of its portfolio also making solid contributions. Balance-sheet strength bodes well for acquisitions in fragmented markets with high barriers to entry, he adds. Morgans puts a A$1.30 target price on the stock, which is at A$1.09 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
September 11, 2025 20:05 ET (00:05 GMT)
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