RIO Rio Tinto Group

bullish track record → $94.45
Mkt Cap $176B P/E 17.8 fwd 12.2 52wk $55.64 - $108.24 1h ago

Rio Tinto signs 30-year solar PPA with YEC

Watch: Follow project milestones and contract execution, which will signal Rio’s progress on green energy transition and operational resilience.

Rio Tinto secured a 30-year power purchase agreement with Yindjibarndi Energy Corporation for the Jinbi Solar Project in Western Australia. Stage one includes a 75MWac solar facility, expandable to 150MWac with battery storage, expected to fully operate by mid-2028. This partnership involves Yindjibarndi Aboriginal Corporation and ACEN, supporting decarbonization of Rio's Pilbara Iron Ore operations.

The agreement marks a critical step towards Rio’s sustainability targets, reducing dependence on fossil fuels for its mining operations and potentially lowering operating costs over time.

Evidence

Fundamentals & Data ▾
Rio Tinto Group Basic Materials · Other Industrial Metals & Mining
Mkt Cap
$176B
P/E
17.8 fwd 12.2
Beta
0.63
Div Yield
381.00%
52w Range
$55.64 - $108.24
Short Interest
10.1M 0.7%
Days to Cover
3.4 -16%
Technicals downtrend
from 52w Hi
-0.4%
1w return
+10.1%
Analyst Target
$100 $84 - $125
Options P/C
0.76
Fund Convergence
strong Citadel, D.E. Shaw, Renaissance, Bridgewater, Two Sigma
Top Holders
Citadel $175M
D.E. Shaw $71M
Renaissance $15M
Bridgewater
Two Sigma
10 signals · latest 2h ago

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