Boss Energy Likely to Reach Nameplate Capacity at Honeymoon in 2026 -- Market Talk

Dow Jones04-23

Boss Energy's maiden production of uranium from the Honeymoon mine in South Australia represents a key milestone for the company, and will help to support its stock, says Jefferies. "That said we are cognisant that it may take some time to ramp to full nameplate capacity," analyst Mitch Ryan says in a note. Jefferies expects Boos Energy to reach that point in the March quarter of 2026. "With production capability now demonstrated, we do not see the timing of first sales as being a material driver of the stock," Jefferies adds. Boss Energy's share price has doubled in value over the past year. It is last down 2.1% at A$4.66.(david.winning@wsj.com; @dwinningWSJ)

 

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April 22, 2024 20:23 ET (00:23 GMT)

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