LandBridge sells solar project to energy infrastructure developer

LandBridge Company has completed the sale of a solar project to a publicly listed energy infrastructure developer, receiving an initial cash payment and potential future payments based on developmental milestones.

The sold solar project spans 3,000 acres in Reeves County, Texas, and is expected to have a generation capacity of up to 250 megawatts.

The transaction has received a strong buy recommendation, indicating positive sentiment in the market regarding LandBridge's strategic move.

Recommendation Rating: Strong Buy

LandBridge Company (NYSE: LB) announced on Thursday that it has successfully completed the sale of a solar project to a publicly listed energy infrastructure developer. As part of this transaction, LandBridge secured an initial cash payment along with potential future cash payments contingent upon reaching specific developmental milestones.

The sold solar project encompasses an impressive 3,000 acres located in Reeves County, Texas, with an anticipated generation capacity of up to 250 megawatts.

Source: Press Release