NRW Holdings has pleasantly surprised Citi with its recent contract wins, says analyst William Park. "NRW continues to demonstrate despite its solid topline visibility," Park says in a note. Citi estimates NRW could have up to 97% of FY 2026 revenue covered after NRW's Fredon won a number of data-center contracts. "For us, the key for the next few months is level of precipitation" in Australia's Queensland state, says Park. "Notwithstanding this, we reiterate that risk remains likely to the upside for NRW." Citi reiterates a buy rating and A$5.95 target. NRW ended Friday at A$5.41. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
December 07, 2025 17:12 ET (22:12 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
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.