Everyone loves a bargain and there could be a number of ASX 200 shares offering just that right now after heavy share price falls.

In this article are three ASX 200 shares I’d buy that have fallen by more than 30% over the past year.

REA Group Ltd (ASX: REA)

REA shares are down around 33% over the past 12 months.

This ASX 200 share owns realestate.com.au, which attracts an enormous audience of buyers, sellers, renters, and property watchers. That attention gives REA a major advantage because agents and developers want their listings placed where Australians are already looking.

The more people who use the platform, the more important it becomes to advertisers. That helps REA protect its market position, charge more for premium products, and keep investing in a better experience for users.

I also think the opportunity extends beyond property listings. REA can use its audience, data, and relationships to grow areas such as seller leads, property insights, financial services, and tools for agents.

Housing activity can slow when interest rates remain high or confidence weakens, which may weigh on listing volumes and near-term earnings. However, those conditions do not remove the competitive advantage created by REA’s scale.

After the share price decline, I think investors are being offered a more attractive entry point into one of the strongest online businesses on the ASX.

Life360 Inc (ASX: 360)

Life360 shares have dropped around 31% since this time last year.

The tech company has built a digital platform that helps families stay connected and respond when something goes wrong. Users can check whether a child has arrived at school, receive driving alerts, find a lost item, or keep an eye on an elderly relative.

Those frequent interactions can make Life360 part of a household’s normal routine, which helps explain the scale the platform has reached.

Life360 finished the first quarter of 2026 with 97.8 million monthly active users and 3 million paying Circles. Advertising revenue also climbed to US$19.7 million during the quarter.

That large audience gives the company several ways to keep growing. Life360 can attract more users, convert more families into paying subscribers, sell connected devices, introduce additional safety services, and earn more advertising revenue.

Given its strong growth potential and the share price decline, I think an attractive buying opportunity has opened up.

DroneShield Ltd (ASX: DRO)

DroneShield shares are down approximately 38% over the past year and I think that has created a buying opportunity.

The company develops counter-drone technology that helps defence forces, governments, and security operators detect, track, and respond to unwanted drones.

Hardware remains its biggest revenue generator, with DroneShield supplying portable and fixed systems designed to protect military sites, airports, prisons, critical infrastructure, and public events.

I think demand could keep growing as drones become cheaper, more capable, and more widely used.

DroneShield also has a major opportunity to grow its software revenue. Counter-drone systems need to keep pace with new drone models, signals, and tactics, creating demand for updates, threat libraries, support, and ongoing improvements.

That could extend customer relationships beyond the original hardware sale and gradually make more of its revenue recurring.

Foolish takeaway

Falls of more than 30% show that the market has already lowered its expectations for these companies.

I think each business still has clear ways to become larger and more valuable, supported by customer relationships and capabilities that have taken time to develop.

Further volatility is possible, particularly with Life360 and DroneShield. But at sensible position sizes and with a long holding period, I would use the recent weakness to buy all three ASX 200 shares.

The post 3 ASX 200 shares down over 30% that I’d buy appeared first on The Motley Fool Australia.

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Motley Fool contributor Grace Alvino has positions in DroneShield. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended DroneShield and Life360. The Motley Fool Australia has positions in and has recommended Life360. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Nextdc Ltd (ASX: NXT) share price is in focus after the company reported an 11% jump in contracted utilisation to 740MW, following new customer contract wins. The company’s forward order book has also risen, now standing at 565MW.

What did NEXTDC report?

• Contracted utilisation as at 30 June 2026 grew by 73MW (up 11%) to 740MW.
• Pro-forma forward order book increased to 565MW.
• Order book expected to convert to billings, revenue and EBITDA from FY26 to FY30.
• FY26 net revenue, underlying EBITDA and capex guidance remain unchanged.

What else do investors need to know?

NEXTDC attributes its contracted utilisation lift to recent customer contract wins, strengthening its position as a leading data centre platform for the digital economy. The company says its pro-forma forward order book, now at 565MW, will progressively convert to revenue streams over the coming years.

Importantly, NEXTDC confirmed that guidance for FY26 net revenue, underlying EBITDA and capital expenditure is unchanged from previous updates. This gives investors some predictability for near-term financial performance.

What’s next for NEXTDC?

NEXTDC intends to deliver on its strong contract pipeline, moving forward orders to revenue and earnings between FY26 and FY30. The stability in earnings guidance suggests management is confident in executing its growth plans.

With its expanding customer base and certified Tier IV operations, NEXTDC is well-placed to respond to continued demand for cloud and data centre services across Australia and Asia.

NextDC share price snapshot

The NextDC share price has underperformed the market over the past 12 months with a decline of almost 7%. This compares to a gain of almost 1.5% from the S&P/ASX 200 Index (ASX: XJO).

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The post NEXTDC share price on watch as contracted utilisation rises and forward order book grows appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Nextdc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Contact Energy Ltd (ASX: CEN) share price is on investors’ radar after the company posted higher electricity and gas sales for June 2026, along with ongoing progress on major renewable energy projects.

What did Contact Energy report?

• Mass market electricity and gas sales reached 495 GWh in June 2026, up from 410 GWh last year
• Contracted wholesale electricity sales totalled 1,056 GWh (June 2025: 810 GWh)
• Electricity and steam net revenue was $175.68/MWh, compared to $186.08/MWh in June 2025
• Electricity generated (or acquired) increased to 1,101 GWh (June 2025: 846 GWh)
• Unit generation cost, including acquired generation, dropped to $38.16/MWh from $54.27/MWh
• Retail netback decreased slightly, to $141.18/MWh from $146.32/MWh

What else do investors need to know?

Contact Energy is progressing with several renewable energy developments, including the Kōwhai Park Solar, Te Mihi Stage 2 geothermal, Glenbrook-Ohurua Battery 2, and Glorit Solar, with a combined approved cost of over $1.5 billion and staggered completion dates out to 2028.

Hydro storage levels were well above average as of mid-July 2026, with the South Island at 145% and the North Island at 123% of mean levels. The Clutha catchment saw strong inflows, supporting overall storage and generation options.

New Zealand’s electricity demand remained broadly steady, down 0.04% on June 2025, but up 1.1% versus June 2024, during what was the warmest June on record.

What’s next for Contact Energy?

Contact Energy is maintaining its focus on expanding renewable energy, reducing unit generation costs, and delivering reliable energy for customers. Upcoming project completions, especially in solar and battery storage, are poised to increase renewable supply in the next few years.

The company’s continued investments in sustainability, along with a healthy pipeline of projects, underline its commitment to low-carbon generation and growing market share in a stable demand environment.

Contact Energy share price snapshot

Over the past 12 months, Contact Energy shares have declined 6%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 1% over the same period.

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This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The post Contact Energy June 2026 earnings: Sales rise, renewables progress appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.