Origin Energy Bulls Approve of Its Kraken Rights Deal -- Market Talk
Dow Jones
Yesterday
2215 GMT - Origin Energy's bulls at Jefferies reckon that the Australian energy retailer got a good deal for its exclusive local rights to the Kraken utility management platform. The investment bank's analysts tell clients in a note that Origin's exchange of the rights for an additional 1.5% equity interest in US$8.65 billion-valued Kraken represents an attractive outcome. Analysts Amit Kanwatia and Anthony Moulder continue to see Kraken as a leading global platform to manage the energy transition, and actually value the business at US$12 billion. Jefferies keeps a buy rating and A$13.23 target price on Origin Energy, which is at A$11.40 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
December 30, 2025 17:15 ET (22:15 GMT)
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