We believe the market is mispricing two important value drivers for ORG: its peaking generation portfolio and the value of Octopus Energy. We can see $12 on the upside from the quality Australian utility, but it’s not enticing from a risk/reward perspective as it approaches $11. ORG is forecast to yield 4.7% over the next 12-months, although this will likely slip slightly over the coming years.
- We like ORG, particularly from a risk/reward perspective, around $10.
MM is bullish towards ORG
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