Category: Stock Market

Cauldron Energy Ltd (ASX: CXU) shares are extending their impressive run on Thursday.

The latest rise follows new survey results from the uranium explorer’s Yanrey project in Western Australia.

At the time of writing, the Cauldron Energy share price is up 16.67% to 10.5 cents, taking its gain over the past week to an incredible 81%.

The stock has now climbed 950% in 12 months as investors continue to back the company’s uranium exploration plans.

So, what’s behind today’s jump?

New results point to more exploration upside

According to the release, Cauldron has received the first results from a passive seismic survey carried out north of its Manyingee North uranium deposit.

The survey measures natural vibrations in the ground to map buried rock structures without drilling. Cauldron is using it to trace an ancient underground channel that may contain uranium mineralisation.

The results suggest the Manyingee North palaeochannel stretches at least another 6 kilometres to the north.

Near the deposit, the channel is thought to be around 1.8 kilometres wide. It then widens to roughly 2.8 kilometres further north before narrowing to 1.2 kilometres.

Cauldron believes the wider section may be an old estuarine lagoon that formed behind a narrow river mouth.

This has added to investor excitement because similar buried channels already host the company’s existing uranium deposits.

Drilling is next on the list

Cauldron recently completed a heritage survey that cleared drilling lines around 3 kilometres north of Manyingee North.

This area will be the first target in the company’s 2026 drilling program. However, wet weather has pushed the start back until later this month.

Chief Executive Jonathan Fisher said the survey results had given the company a clearer idea of where to drill.

Cauldron now wants to find out whether uranium mineralisation continues along the newly mapped channel and how far the Manyingee North deposit could extend.

Keep in mind, the survey does not confirm that more uranium is present. The company will still need to drill the target to find out what is actually there.

A sizeable uranium resource

The Yanrey uranium project is located around 100 kilometres south of Onslow and covers roughly 1,493 square kilometres.

Across the project, Cauldron has 3 defined deposits containing a combined 55.6 million pounds of uranium oxide.

Manyingee North has an inferred resource of 9.8 million pounds, while Manyingee South contains 14.9 million pounds. Bennett Well is the largest of the bunch, with 30.9 million pounds.

The survey also shows the buried channel may stretch much further north than Cauldron has drilled before.

However, investors will have to wait for new results before they know whether this larger target contains more uranium.

The post This ASX uranium stock is up 950% in a year. Why is it surging again? appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras 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.

The Rio Tinto Ltd (ASX: RIO) share price has fallen into the red in Thursday morning trade. 

At the time of writing, the ASX mining stock is down around 1% and trading at $185.41 per share.

This morning’s trading price means Rio Tinto shares have fallen just over 5% from an all-time high of $194.47 recorded in early June, but they’re still around 25% higher year to date and a huge 75% higher than this time last year.

The miner’s annual share price gains have put Rio Tinto in 8th place on the S&P/ASX 200 Index (ASX: XJO) by market capitalisation.

Why has the Rio Tinto share price flown higher over the past 12 months?

There has been a resurgence of confidence in copper and iron ore – the two key commodities Rio Tinto produces – in 2026, creating a strong tailwind for the Rio Tinto share price.

Trading Economics data shows that the price of iron ore spiked at a multi-year high in May and is around 7% higher than 12 months ago, at the time of writing. 

Meanwhile, copper spiked to an all-time high earlier this month and is still trading around those high levels. Copper prices are now 33% higher than the trading prices seen 12 months ago.

But surging commodity prices aren’t the only thing driving the Rio Tinto share price close to record highs.

In April, the ASX miner reported impressive first-quarter FY26 production results. It confirmed a 9% year-on-year increase in copper-equivalent production and a 13% increase in iron ore production in the Pilbara region. The result means Q1 FY26 was the second-best Q1 production the miner has achieved since 2018, despite weather disruptions and reduced shipments.

At the time, Rio Tinto also confirmed that it is focusing on expanding production volumes across its core commodity assets.

Why are the shares falling again today?

There isn’t any price-sensitive news out of the miner today to explain the latest slump. The lower share price is most likely the result of a pullback in commodity prices. At the time of writing, iron ore prices are down around 0.4%, and copper is down around 1.4% for the day.

Are Rio Tinto shares still a buy, or has the opportunity now passed?

According to analyst sentiment, it looks like the Rio Tinto share price has reached its peak.

Market Index data shows that the majority of brokers have a hold rating on Rio Tinto shares. The latest $173.26 target price implies a potential 9% downside for Rio Tinto shares, at the time of writing.

TradingView data reflects something similar. Eight out of 16 analysts have a hold buy rating on the shares. Another six have a buy or strong buy rating, and two rate Rio Tinto shares as a strong sell.

The average $180.34 target price implies a potential 3% downside at the time of writing. Although some more bullish analysts still think the Rio Tinto share price could increase another 14% to $210.66. Those who are more bearish are tipping the shares to fall 23% to $142.68, at the time of writing.

The post Rio Tinto share price rallies 75% in 12 months: Is the mining stock still a buy or have the shares now peaked? appeared first on The Motley Fool Australia.

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• Should I buy Rio Tinto shares for passive income?

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 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.

Wondering where to invest fresh capital?

To narrow things down, let’s see if Morgans rates the following three ASX shares as buys, holds, or sells. Here’s what it is recommending:

Flight Centre Travel Group Ltd (ASX: FLT)

Morgans notes that this travel agent giant has unsurprisingly downgraded its earnings guidance.

It believes investors should look beyond this, highlighting that it would have been a great year for Flight Centre if it were not for the Middle East conflict.

As a result, it has retained its buy rating with an improved price target of $14.80 (from $14.55). It said:

Given recent downgrades from other travel industry peers due to the conflict in the Middle East, FLT’s downgrade wasn’t a surprise. Given its balance sheet strength and depressed share price, a new up to A$200m share buyback was announced. We have made only minor changes to our forecasts given FLT’s guidance was broadly in line with our previous forecast. While a peace agreement and eased travel restrictions are positive, we think 1H27 will still be challenging.

We forecast a strong recovery in 2H27. If it wasn’t for this conflict, FLT would have had a great year given its results for the first nine months were strong. We are buyers of FLT because when operating conditions ultimately improve, both its earnings and share price will be materially higher.

Navigator Global Investments Ltd (ASX: NGI)

Another ASX share that has been given a buy rating is investment company Navigator Global Investments.

Morgans has put a buy rating and improved price target of $3.42 (from $2.97) on its shares.

While the broker has trimmed its FY 2026 earnings estimates, it has lifted its outer year forecasts to reflect the Stable transaction. It commented:

NGI on the 4th of May announced the acquisition of a portfolio of alternative asset manager interests from Stable Asset Management, alongside a new strategic partnership between the two firms. Following the completion of the entitlement offer and lifting of research restrictions we update our forecasts. We view the transaction as strategically attractive, though the projected double-digit EPS accretion in Year 1 assumes Stable sustains its strong near-term growth trajectory (EBITDA +35% – MorgansE).

We revise our NGI FY26F EPS down -5%, reflecting management’s updated FY26F EBITDA guidance range (US$100m-US$104m), which came in below our prior forecast (US$106m). Our FY27F and FY28F EPS forecasts are lifted by 9%–13%, incorporating the earnings accretion from the Stable transaction. Our price target increases to A$3.42 (from A$2.97). We maintain our BUY rating with >20% upside to our price target.

SGH Ltd (ASX: SGH)

Morgans has been looking at this diversified investment company’s investor day presentation and was pleased with what it saw.

In response, the broker has resumed coverage with a buy rating and a $52.75 price target. It commented:

At SGH’s recent investor day management set out a medium-term strategy and framework to deliver 10% EPS/EBIT growth at a 15% ROCE, along with a near doubling of market cap. These ambitions are set against a track record of growing organically, while acquiring industrial businesses, improving operational performance and cash generation. SGH takes an entrepreneurial approach to leverage, gearing up to acquire what it perceives as ‘privileged assets’, with operational improvements then driving a quick deleverage.

With first gas expected from Crux in FY28, the Ravenhall (DXS JV) underway, and Boral volumes muted, we believe the business can continue delivering double-digit earnings growth. The stock is trading at 16.8x PER (Consensus, NTM), in line with its historical 3-year average, but a c.4.5x PER (NTM) discount to the index (ASX 200 industrials). Given the baseline strategy is set, and potential levers for outperformance are clear (property, Crux, M&A), we rate SGH a BUY with a A$52.75/sh price target.

The post Buy, hold, sell: Flight Centre, SGH, and Navigator Global shares appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro 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 recommended Flight Centre Travel Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Flight Centre Travel Group Ltd (ASX: FLT) updated its profit guidance earlier this week, with the probably unsurprising news that earnings would be lower than previously expected due to the conflict in the Middle East.

Weak fourth quarter takes the shine off

The travel company said that underlying profit before tax (UPBT) was now expected to be in the range of $275 to $295 million, down from previous guidance of $310 to $345 million.

The company said the underlying business was performing well, as evidenced by 10% underlying earnings growth across the first three quarters of the year, before the Middle East conflict broke out.

And given that a peace agreement appears to have been brokered this week, Flight Centre was predicting a “significant earnings tailwind” which would bolster FY27 results.

To take the sting out of the profit downgrade, the company also announced a $200 million share buyback, “reflecting strong belief in FLT’s recovery and outlook”.

Flight Centre Managing Director Graham Turner said regarding the update:

The change in our short-term expectations reflects a temporary, conflict-driven headwind layered over what was shaping as a very solid year. It has been driven by an external shock – the Middle East conflict disrupting peak leisure travel – not by a deterioration in our underlying business. Group-wide, the company delivered almost 10% UPBT growth across the first three quarters of FY26, accelerating to ~20% growth during Q3. Even after absorbing Q4 disruption, the group still expects an underlying profit broadly in line with FY25. Looking ahead, we have strong foundations and growth prospects in both the leisure and corporate sectors. This is reflected in the Board’s decision to launch a new up-to-$200m buy-back – which clearly signals that we see our shares as undervalued at current levels.

Flight Centre shares a good buy

The analysts at Macquarie said in a note to clients this week that the earnings downgrade was expected while the quantum was previously unclear.

They said the Australian Government’s recent downgrading of travel warnings for the Middle East was a positive, as was Flight Centre’s good momentum in corporate travel.

Macquarie has a price target of $14.45 on Flight Centre shares compared to $12.44 currently.

The analyst team at Morgans said they believed the first half of FY27 would still be challenging for Flight Centre, but they are predicting a strong recovery later in the year.

They added:

If it wasn’t for this conflict, FLT would have had a great year given its results for the first nine months were strong. We are buyers of FLT because when operating conditions ultimately improve, both its earnings and share price will be materially higher.  

Morgans has a price target of $14.80 on Flight Centre shares.

The post How high could Flight Centre shares fly according to brokers? appeared first on The Motley Fool Australia.

More reading

• Buy, hold, sell: Flight Centre, SGH, and Navigator Global shares
• Why AIC Mines, EOS, Flight Centre, and Nickel Industries shares are racing higher today
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• Here are the 10 most shorted ASX shares

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 positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended Flight Centre Travel Group and Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The All Ordinaries Index (ASX: XAO) has gained 5.1% over the last year, but this ASX All Ords mining stock has raced ahead of those returns.

The outperforming miner in question is Meteoric Resources (ASX: MEI). The rare earths stock has gained 37.5% over the past 12 months. That’s despite today’s retrace.

In morning trade on Thursday, Meteoric shares are down 5.7%, changing hands for 16.5 cents apiece. For some context, the All Ords is up 0.1% at this same time.

Meteoric shares are under pressure today, despite the miner releasing a promising progress update on the performance of the Pilot Plant at its Caldeira Rare Earth Project, located in Brazil.

Here’s what’s happening.

ASX All Ords mining stock targeting critical minerals

Meteoric commissioned the Pilot Plant in late 2025. Inclusive of a ramp-up period, the company reported on the performance results for the first five months of the plant’s operations.

The ASX All Ords mining stock said that over this period, the plant has processed approximately 43 tonnes of ore from the Capao do Mel (CDM) starter pit. And it’s achieved the targeted throughput rate of 600 kilograms per day.

Management highlighted that the Mixed Rare Earth Carbonate (MREC) production from this throughput has consistently averaged higher than the forecast 2 kilograms per day.

Magnet rare earth oxide (MREO) recoveries have been averaging 71% in MREC.

MREO recoveries jumped to 80% during May, which the miner credits to ongoing process optimisation, iterative flowsheet improvements, and ore quality.

To date, the ASX All Ords mining stock has provided more than 200 kilograms of MREC to existing and potential offtake partners in the United States, Europe, and Asia for product qualification.

The company has also provided MREC to be used in studies for development of oxide separation in Brazil.

What did Meteoric Resources management say?

Commenting on the progress that should support the ASX All Ords mining stock over the longer term, Meteoric CEO Stuart Gale said, “Results from our first five months of Pilot Plant operation have been excellent and exceed our expectations.”

Gale added, “It has validated the investment Meteoric has made in metallurgical and process testwork, along with the assumptions made in our studies to date.”

Looking ahead, Gale said:

The exceptionally high NdPr and DyTb combined recovery of 80% in the past month gives us encouragement that we may ultimately be able to exceed our targeted MREO recoveries by applying the learnings of the piloting program and capitalising on our +4,000ppm reserve material.

In addition to the strong MREO recoveries, rare earths on the United States critical minerals list like yttrium, samarium, gadolinium and ytterbium are all recovering well.

The post Up 38% in a year, ASX All Ords mining stock reports rare earths progress appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben 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.

DroneShield Ltd (ASX: DRO) shares are on the move on Thursday.

In morning trade, the counter-drone technology company’s shares are up 1% to $2.86.

What’s behind the move?

It is unclear what is moving DroneShield shares today, but there has been news out of the company this week.

Yesterday, the company announced a strategic partnership with Defenture to accelerate joint commercial opportunities for mobile counter-UAS capability.

Defenture is an innovation-driven company specialising in tactical mobility solutions.

According to the release, a memorandum of understanding (MOU) signing ceremony was held at Eurosatory 2026, which is a global tradeshow for defence and security that brings together key stakeholders from the international ecosystem.

It notes that the MOU will combine DroneShield’s counter-UAS hardware, software, command-and-control, and operational support capabilities with Defenture’s on-the-move vehicle platform expertise.

The two companies aim to progress a coordinated market deployment roadmap for an air defence and counter-UAS command-and-control solution suited to modern operational environments.

Furthermore, under the MOU, the two parties intend to jointly define, prioritise, and pursue commercial activities, including coordinated go-to-market initiatives, customer engagement, testing activities, interoperability milestones, and selected joint opportunities.

It advised that this includes offering DroneShield’s current and next generation counter-UAS systems across Defenture platforms, such as the Mammoth and GRF, as well as the development of layered on-the-move counter-UAS concepts for future customer engagement.

Overall, it believes that as military and security operators across Europe continue to prioritise counter-UAS capabilities, this MOU will provide a pathway for DroneShield and Defenture to pursue joint opportunities that bring together mobility, interoperability, and operational effectiveness in response to evolving drone threats.

Management commentary

DroneShield’s chief commercial officer, Louis Gamarra, commented:

Many military customers are looking for scalable and mobile counter-UAS solutions, that can be deployed quickly and operate effectively in dynamic environments. DroneShield’s new partnership with Defenture brings together complementary strengths to support that requirement and create a pathway for joint opportunities in key markets.

Speaking about the partnership, Defenture’s board member, Roderick Toutenhoofd, said:

By combining Defenture’s mobile platform capability with DroneShield’s proven counter-UAS technologies, we are better placed to support customers seeking agile, layered protection against evolving drone threats. The evolution of modern drone warfare has made clear that traditional platforms now require UAS protection, and partnering with DroneShield allows us to bring that capability to market in a way that is practical, mobile, and operationally relevant.

The post Own DroneShield shares? Here’s some big news appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro 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 DroneShield. 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.

Commonwealth Bank of Australia (ASX: CBA) is one of the highest-quality companies on the ASX.

But it is also a very large and mature bank. That means its future earnings growth is likely to be shaped by credit growth, competition, bad debts, funding costs, and movements in margins.

For investors wanting stronger long-term growth prospects, it could be worth looking beyond the banking giant.

Here are three ASX shares that may offer more exciting growth potential.

Breville Group Ltd (ASX: BRG)

The first ASX share to look at instead of CBA is Breville.

It has turned kitchen appliances into a global growth story. Its products sit in categories such as coffee machines, food preparation, cooking, and home appliances, where design, quality, and brand trust can matter as much as price.

The company is still much smaller than the global opportunity in front of it. That is what makes the investment case interesting. Breville does not need to reinvent the business every year. It needs to keep building brand awareness, expanding distribution, and launching products that consumers are willing to pay a premium for.

Its coffee machines are a good example. The at-home coffee trend has given Breville a way to move deeper into everyday household routines, rather than relying only on one-off appliance purchases.

Consumer spending can be uneven, particularly when households are under pressure from higher interest rates. But Breville’s long-term growth runway across overseas markets gives it far more expansion potential than a mature domestic bank.

Goodman Group (ASX: GMG)

Another ASX share with stronger growth prospects is Goodman.

It is an industrial property company that owns, develops, and manages logistics and industrial assets in key global locations. These properties are used by businesses that need efficient supply chains, fast delivery networks, and access to major population centres.

That demand is being shaped by ecommerce, automation, reshoring, and the need for more resilient supply chains.

On top of this, Goodman has become increasingly exposed to data centres. That gives it a powerful link to cloud computing, artificial intelligence, and the digital infrastructure required to support modern technology.

The company still faces property market risks, including interest rates, construction costs, and tenant demand. But its landbank, power bank, development expertise, and global customer base could support growth for many years.

Xero Ltd (ASX: XRO)

A third ASX share to consider instead of Australia’s largest bank is Xero.

Xero has built a cloud accounting platform used by small businesses, accountants, and bookkeepers around the world.

But the bigger opportunity is not just accounting. Xero is becoming more deeply connected to the way small businesses manage money, payroll, invoicing, compliance, bank feeds, payments, reporting, and adviser relationships.

That is important because once a business has built its financial workflows around a platform, switching can become inconvenient and disruptive. This gives Xero a strong foundation for growth.

It can grow by winning new customers, increasing revenue per user, adding more services, and using automation and artificial intelligence to make the platform more valuable.

Xero shares can be volatile, and its valuation often reflects high expectations. But for long-term growth potential, Xero offers a very different profile from CBA.

The post Forget CBA: 3 ASX shares with better growth prospects appeared first on The Motley Fool Australia.

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

Washington H. Soul Pattinson and Company Ltd (ASX: SOL) shares are edging higher on Thursday after the investment group announced a major property transaction.

At the time of writing, the Soul Patts share price is up 0.95% to $44.52.

The stock has now gained almost 20% since the start of 2026 and is trading close to the upper end of its 52-week range.

So, what has Soul Patts announced?

Former Brickworks assets change hands

In a statement to the ASX, Soul Patts said it has signed a binding agreement with Goodman Australia Industrial Partnership and other Goodman Group (ASX: GMG) entities.

Under the deal, Soul Patts will sell its interests in several industrial property trusts that were previously held through Brickworks.

The company expects to receive around $1.89 billion after Brickworks’ share of the trust debt and transaction costs are paid.

Soul Patts said the sale price was in line with the property values used when it combined with Brickworks last year.

Notably, the transaction has brought the two companies together and ended a cross-shareholding arrangement that had been in place for decades.

It also gave Soul Patts direct ownership of Brickworks’ building products operations and a stake in its industrial property portfolio.

Why is the company selling?

The sale will give Soul Patts more cash to put towards other investments.

Managing director and CEO Todd Barlow said the company plans to use the money on opportunities in Australia and overseas.

He also said the extra cash would give Soul Patts more flexibility in the current market.

The company already invests across listed shares, private businesses, credit, property and other real assets, so the sale should give it more room to move when new opportunities come up.

However, Soul Patts is not completely stepping away from its partnership with Goodman.

Both companies will remain joint venture partners in the Brickworks Manufacturing Trust, which was set up in 2022. Soul Patts will continue to own 50.1% of that portfolio.

When will the sale be completed?

The sale is expected to be completed in late June, with no conditions left to be met.

The parties are still working through the final steps, but Soul Patts shareholders will not need to vote or take any action.

Once the money comes through, investors will be watching where the company decides to put it next.

Interestingly, the $1.89 billion is equal to more than 11% of Soul Patts’ current market value, giving management plenty of money to invest elsewhere.

The post Why are Soul Patts shares pushing higher again on Thursday? appeared first on The Motley Fool Australia.

More reading

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• Is Goodman Group a buy for dividend income today?

Motley Fool contributor Aaron Teboneras 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 Goodman Group and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Boss Energy Ltd (ASX: BOE) and Paladin Energy Ltd (ASX: PDN) shares are popular options when it comes to ASX uranium stocks.

But they are not the only options.

One under the radar uranium stock that has caught the eye of the team at Bell Potter is in this article.

Let’s see what the broker is saying about this one.

Which ASX uranium stock?

The stock that Bell Potter has initiated coverage on today is Devex Resources Ltd (ASX: DEV).

It is a Perth-based uranium company focused on the Alligator Rivers Uranium Province (ARUP) on the north-western margin of the Northern Territory’s McArthur Basin.

Bell Potter notes that the ASX uranium stock has consolidated a district-scale land position with over 50km of highly prospective fault corridors which host existing uranium discoveries.

Its systematic exploration program will target unconformity-type uranium deposits, with the McArthur Basin analogous to Canada’s highly fertile Athabasca Basin, which is a region responsible for around one quarter of the world’s uranium supply. The broker also expects the company to be active in further consolidating the uranium industry.

Should you invest?

If you have a high tolerance for risk, then this could be an ASX uranium stock to buy according to Bell Potter.

This morning, the broker has initiated coverage on Devex Resources shares with a speculative buy rating and 41 cents price target.

Based on its current share price of 25.5 cents, this implies potential upside of 60% for investors over the next 12 months.

Bell Potter believes the company is well-placed to benefit from growing demand for uranium from electrification, energy security, and AI-related power requirements.

Commenting on its investment thesis for the stock, the broker said:

The key value catalysts for DEV include uranium market fundamentals, exploration results and M&A-led growth. We have a positive medium- to long-term outlook for the uranium market, supported by barriers to new supply and demand growth linked to electrification, energy security and AI-related power requirements.

DEV is about to embark on a systematic exploration program across a district-scale consolidated landholding in a historical but underexplored uranium province analogous to Canada’s Athabasca Basin, a region responsible for around one quarter of the world’s uranium supply. We expect DEV to be disciplined in further consolidating uranium assets in support of its ambitious growth targets.

The post Bull alert! Bell Potter just put a buy rating on this ASX uranium stock appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro 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.

If you want exposure to renewable energy, then it could be worth looking at the ASX share in this article.

That’s because Bell Potter is very positive on its outlook and believes it could be a top option for investors with a high tolerance for risk.

Which ASX renewable energy share?

The share that Bell Potter is recommending to clients is Frontier Energy Ltd (ASX: FHE).

It is developing the Waroona Renewable Energy Project on 830ha of freehold land that is 120km south of Perth.

Bell Potter notes that a key strategic advantage is the project’s proximity (500 metres) to the Landwehr terminal, which is a 330kV grid connection point on one of the strongest transmission corridors in the SWIS.

All major approvals, permits, and access to network connections are in place.

Commenting on the ASX renewable energy share, the broker said:

Stage One, consisting of a 132MWdc solar farm with an integrated 81.5MW 6.9-hour battery, will begin construction in 2H 2026. The hybrid facility will take advantage of higher intraday prices during peak demand periods. WA’s unique Reserve Capacity Mechanism provides guaranteed revenue of $32m pa till 2032 (before moving to a floating price per MW) and the Federal Government’s Capacity Investment Scheme mitigates any downside revenue risk.

Major expansion plans would see overall solar generation lift to ~1GW paired with a ~650MW battery. With ~1.7GW of thermal generation expected to exit the Wholesale Electricity Market over the next 5 years, WA is forecasted to be in a shortfall during peak demand periods.

Should you invest?

According to the note, Bell Potter has put a speculative buy rating and 35 cents price target on Frontier Energy’s shares.

Based on its current share price of 24 cents, this implies potential upside of 46% for investors over the next 12 months.

Speaking about its recommendation, Bell Potter said:

We transfer coverage on FHE and maintain our Buy (Speculative) recommendation. Our Valuation is reduced to $0.35/sh as we incorporate dilution from a $110m equity raise. FHE owns a strategically important site crucial to WA’s energy transition. Significant investment in generation and storage are required to offset power station retirements and demand growth in WA.

As supply exits the market, we expect peak prices to rise noting that ~70% of peak period generation is still supplied by thermal energy. FHE’s operating model benefits from these higher pricing outcomes whilst also receiving State and Federal Government revenue support.

The post Is this ASX renewable energy share a buy? appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro 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.