Origin Energy has broken out of a prolonged downtrend as the negative earnings cycle appears to be nearing the bottom.
The market has low expectations for FY22 earnings with EBITDA down almost 40% on FY21 and DPS falling from $0.14 to $0.10 placing the stock on an expected yield of 2.2%.
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We see upside for Origin and suggest a stop loss below the recent $3.87 low.
