Beetaloo Energy Ltd (ASX: BTL) shares took off on Wednesday morning after the company announced the launch of Beetaloo Digital, which will aim to play in the data centre space.

Diversifying into technology

The emerging gas producer said in a statement to the ASX that it had been granted an exclusive right to develop an 185-hectare site south of Darwin into an integrated power and data centre development.

The company added:

The land has been granted on an exclusive basis, giving Beetaloo Energy the certainty to secure consortium partners and progress pre-FEED studies. The proposed development is intended to accelerate development of Beetaloo Energy’s Beetaloo Basin gas resource, creating a significant and durable domestic market, with the remaining capacity to be underpinned by the continuous energy demand of data centre operations.

Beetaloo said the site was adjacent to the Northern Territory Government’s proposed Darwin Energy Hub, and had the potential to complement the hub’s planned large-scale solar generation and battery storage by providing firm generation capacity.

The company added that the proposal had the potential to create a significant new gas market for Beetaloo Energy, with each gigawatt of compute power requiring up to 200 terajoules per day of gas for power generation.

Beetaloo Energy Managing Director Alex Underwood said:

The NT Government’s grant of exclusivity over strategically located land at Weddell is a milestone for Beetaloo Energy and for the Northern Territory. The Weddell site gives us a strong foundation to advance discussions with potential consortium partners, scale, proximity to existing and planned infrastructure, and Beetaloo Energy’s significant gas resources. Beetaloo Digital does not propose to consume power from the Northern Territory grid, we intend to add to it. We intend to overbuild gereration capacity, providing the NT the potential to gain a reliable, large-scale baseload electricity source as a direct outcome of this development. As such, this project is aligned with the Prime Minister’s recently announced Data Centre grid mandate requirements. Darwin’s proximity to Asia-Pacific markets, its subsea cable connectivity, and the Northern Territory Government’s backing make this an infrastructure opportunity that we believe is unmatched anywhere in the region.

Mr Underwood said Beetaloo Digital would be looking for partners for its project across data centre development, power generation, and pipeline infrastructure.

ASX energy share jumps on the news

Beetaloo Energy shares jumped 16.7% on the news to 29.75 cents.

The company also recently confirmed that first gas sales from its pilot project in the NT were expected in the fourth quarter of CY26.

The post Gas producer or data centre company? Why is this ASX energy share up 16% appeared first on The Motley Fool Australia.

More reading

• The Santos share price is in the spotlight this week. Here’s why
• Why is everyone talking about Resolute Mining, Westgold and Paladin shares on Wednesday?
• Elsight delivers solid cash flow in June quarter
• Can TPG Telecom shares rebound from an all-time low?
• Here’s what brokers tip for WiseTech shares over the next 12 months

Motley Fool contributor Cameron England 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.

TPG Telecom Ltd (ASX: TPG) shares have slumped around another 0.5% to a fresh all-time low of $3.50 each in Wednesday trade.

The telco shares are now down around 9% year to date and 36% lower than this time last year.

What happened to TPG Telecom shares?

In November last year, TPG Telecom shares crashed around 33% in a single day in what was the largest one-day share-price fall in the company’s history.

The share price fell because it traded ex-dividend for a very large capital return to shareholders. 

TPG had previously sold its fibre assets and Enterprise, Government & Wholesale business to Vocus, receiving about A$4.7 billion in proceeds. It then decided to return A$3 billion of that cash to shareholders. The payment totalled A$1.61 per share.

On the ex-dividend date (13th of November), anyone buying the shares was no longer entitled to receive the A$1.61 payment. As a result, the market adjusted the share price downward by roughly the value of that distribution.

While this technically isn’t bad news for investors, it did cause a complete reevaluation of TPG Telecom’s share price value.

And one that the company has struggled to come back from.

The shares climbed gradually higher in the first quarter of 2026, but then tumbled again in May and into early June after the company released its first-half results, and investors became concerned about its outlook. 

At the time, management reaffirmed its FY26 EBITDA guidance of $1,665 million to $1,735 million (up from $1,637 million in FY25). But, they also warned that “EBITDA delivery is anticipated to be weighted to a stronger second-half performance”.

The question now is whether the company can deliver on its guidance. Can the shares stage a comeback? Or is there more downside ahead?

Here’s what the experts think.

Are the shares a buy, sell, or hold?

Analyst sentiment for TPG Telecom looks to be pretty mixed right now, but there are some bullish outlooks ahead.

Market Index data shows that the majority of brokers have a hold rating on the stock. But the $3.99 average target price implies a potential 13% upside at the time of writing. 

Analysts on TradingView are more bullish. The data shows that the majority (seven out of 13) have a buy or strong buy rating on TPG Telecom shares. Another five have a hold rating, and one rates the stock as a strong sell.

The average $4.02 target price implies a potential 15% upside ahead. Although some forecast that the shares have the potential to jump 31% higher to $4.60 a piece over the next 12 months.

JP Morgan upgraded its rating on the ASX 200 telecommunications shares last month. The broker has a hold rating and $3.70 target price on the shares, implying a small 6% potential upside ahead.

The post Can TPG Telecom shares rebound from an all-time low? appeared first on The Motley Fool Australia.

More reading

• The Santos share price is in the spotlight this week. Here’s why
• Why is everyone talking about Resolute Mining, Westgold and Paladin shares on Wednesday?
• Elsight delivers solid cash flow in June quarter
• Gas producer or data centre company? Why is this ASX energy share up 16%
• Here’s what brokers tip for WiseTech shares over the next 12 months

JPMorgan Chase is an advertising partner of Motley Fool Money. Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended JPMorgan Chase. 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.

WiseTech Global Ltd (ASX: WTC) shares have slipped even further into the red in Wednesday morning trade.

At the time of writing, the shares are down around 2% to $33.24.

Today’s decline means they’re now down around 51% year to date and a huge 72% below the trading levels seen this time last year.

It’s been a steep and sustained share price crash for WiseTech shares, driven mostly by a tech-sector-wide sell-off and an investor rotation to more stable assets amid global volatility earlier this year. 

Recent headwinds from following media reports that the Australian Federal Police is investigating founder Richard White over alleged trafficking matters haven’t helped investor confidence.

The company responded that the alleged investigation concerns Richard White in a personal capacity. It added that there is no suggestion in this media commentary of an investigation into WiseTech. But it didn’t stop investors rushing for the exit. 

The question now is: Can WiseTech shares keep crashing lower? Or is it time to buy the stock while it’s trading for cheap?

Here’s what the experts expect from the tech company over the next 12 months.

Buy, sell, or hold: Here’s what brokers tip for WiseTech shares

Despite the crashing share price, it looks like analyst sentiment around WiseTech shares has barely shifted over the past few months. However, some price forecasts have been cut.

Market Index data still shows the majority of brokers have a buy rating on the tech stock. At the time of writing, the $70.84 average target price implies a potential 112% upside over the next 12 months.

TradingView data shows something similar. Out of 14 analysts, 11 have a buy or strong buy rating on WiseTech shares. Another three have a hold rating. 

Their average target price is lower, at $62.75, but that still implies a potential 88% upside, at the time of writing. The more bullish analysts are tipping an enormous 246% upside to a maximum target price of $115.31.

Citi is one bullish broker that anticipates a strong recovery for WiseTech shares. The broker renewed its buy rating earlier this month but cut its 12-month target significantly to $52, down from $65.65 previously.

Bell Potter also has a buy rating on the ASX 200 tech share, and a 12-month target price of $71.75. The broker said there has been a tech rally of sorts on the ASX over the past couple of months, but that WiseTech has missed out, likely due to a number of headwinds that have put investors off. The broker said, however, these negatives will start to dissipate over the coming months, starting with the recent appointment of Raelene Murphy as Chair.

My view on the ASX tech shares

I think WiseTech’s future hinges on its FY26 results next month. 

The company reaffirmed its FY26 guidance earlier this year, expecting full-year revenue of US$1.39 billion to US$1.44 billion (representing a 79% to 85% increase) and EBITDA in the range of US$550 million to US$585 million, up 44% to 53% from FY25.

If WiseTech manages to reach or exceed its upgraded guidance, I think we’ll see a turnaround in the share price.

The post Here’s what brokers tip for WiseTech shares over the next 12 months appeared first on The Motley Fool Australia.

More reading

• I’d listen to Warren Buffett and buy cheap ASX shares
• 4 ASX share tips from 4 brokers, for returns better than 40%
• When will WiseTech shares bottom out?
• Buy, hold, sell: Sigma Healthcare, Wisetech Global, CBA shares
• Why WiseTech shares could rocket 100%

Citigroup is an advertising partner of Motley Fool Money. Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.