Highlights
- Consensus rating of Buy from 5 analysts: 5 Buy or equivalent, 0 Hold, 0 Sell or equivalent.
- Mean price target of A$20.55 against a share price of A$15.05 on 8 October 2026, an implied upside of 36.5%.
- Analyst targets range from A$18.76 to A$24.97.
- The update relates to Energy One's proposed Acquisition of Gas Management Services Limited (GMSL), announced on 19 August 2026, under which Energy One will acquire 100% of GMSL from Fluxys and issue 7,089,780 Energy One shares to Fluxys as consideration.
Energy One (ASX:EOL) carries a consensus analyst rating of Buy. Of the 5 analyst recommendations recorded, 5 are Buy or equivalent, 0 are Hold and 0 are Sell or equivalent. The mean price target is A$20.55, with targets ranging from A$18.76 to A$24.97, against a current share price of A$15.05 (8 October 2026). Energy One Limited provides software and services for energy trading, risk management and operations.
|
Company name |
Energy One |
|
Ticker |
|
|
Exchange |
ASX (Australian Securities Exchange) |
|
Current share price |
A$15.05 |
|
Price date |
8 October 2026 |
|
Number of analysts |
5 |
|
Rating consensus |
Buy |
|
Consensus price target (mean) |
A$20.55 |
|
Highest target |
A$24.97 |
|
Lowest target |
A$18.76 |
|
Implied upside/downside to mean target |
Implied upside of 36.5% |
Latest developments
Energy One (ASX:EOL) announced on 2 October 2026 that Foreign Investment Review Board (FIRB) approval has been obtained for the acquisition by Fluxys UK Limited of up to an 18.26% interest in Energy One. The update relates to Energy One's proposed acquisition of Gas Management Services Limited (GMSL), announced on 19 August 2026, under which Energy One will acquire 100% of GMSL from Fluxys and issue 7,089,780 Energy One shares to Fluxys as consideration.
Fluxys notified Energy One that it received written notice under section 75(2) of the Foreign Acquisitions and Takeovers Act 1975 (Cth) that the Commonwealth Government has no objection to the acquisition of up to 18.26%. The FIRB approval condition precedent has therefore been satisfied. Completion remains subject to Energy One Shareholder approval, which is being sought at an extraordinary general meeting scheduled for Thursday 15 October 2026, and which is the final positive condition to completion.
Sector context
Energy trading software providers grow through product development and acquisitions that add customers and capabilities. The announcement concerns a share-funded acquisition in which the seller will become an 18.26% shareholder.
Risks and what to watch
Completion depends on a shareholder vote at the extraordinary general meeting on 15 October 2026. Issuing 7,089,780 shares to Fluxys increases the share count and gives Fluxys an interest of up to 18.26%. The announcement does not give GMSL's financial contribution or integration details.
Next milestones
Items to watch include the extraordinary general meeting on 15 October 2026, completion of the GMSL acquisition, Fluxys's resulting shareholding, and the company's disclosure on GMSL's Earnings contribution.






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