$VSTE was granted 113 Million Dollars by Australian government; current market cap after bell ring 18.5 M

Vast Renewables is an Australian company focused on concentrated solar thermal power, aiming to provide zero-carbon, utility-scale electricity and industrial heat.

Recent Developments:
• ARENA Funding: Vast secured up to AUD180 million from the Australian Renewable Energy Agency (ARENA) for its Port Augusta project (VS1). This project will provide long-duration renewable energy storage and support South Australia’s power grid. They are set to start construction this year.
• Financials: For H1 2025, Vast reported $6.6 million in grant revenue and holds $6.9 million in cash as of December 2024.

• Current price: $0.61 at closing.
• RSI: 32.34 (approaching oversold)
• Trading near its 20-day EMA of $0.61

With strong backing from the Australian government and advancements in its renewable projects, Vast is positioned for growth as it contributes to sustainable energy solutions.

Conclusion:
VSTE presents an opportunity in the renewable energy sector, backed by significant funding and innovative projects.

Positions: 3,450 stocks at an average of 0.64. The stock slid from a pre-market high of $1.01 due to news it might be delisted this September if it doesn’t meet nasdaq criteria (FUD; this news where released after they got awarded the grant today.)