PomegraNextDC Stock Halted at A$9.18 After Melbourne Power Delay
Why is NextDC stock halted today?
NextDC (NXT) shares were halted on Monday at A$9.18 after a power-supply delay at its Melbourne M3 data centre, tied to residents blocking power poles, may hit its FY27 guidance.
Key numbers
| Last price before halt | A$9.18Halted 19 Oct |
|---|---|
| FY27 EBITDA at risk (Citi) | A$25Mabout 6% of guidance midpoint |
| FY27 EBITDA guidance | A$385–410Mmay be revised |
| M3 share of new Victorian billing | 70 MW of 155 MWdelayed |
| Share price year to date | -9.6% to -25.6%sources differ |
What happened
NextDC (NXT) shares were halted on Monday at A$9.18 after a power-supply delay at its Melbourne M3 data centre, tied to residents blocking power poles, may hit its FY27 guidance. In August, residents on Sanderson Street in Yarraville blocked crews with parked cars and bins, and the crews left and have not returned. Citi analysts think the power company Jemena paused work on the power lines, delaying about 70 of the 155 megawatts of new Victorian customer capacity expected this financial year. Citi puts about A$25 million of operating profit (EBITDA) at risk, roughly 6% of the middle of NextDC's A$385–410 million forecast.
Why it matters
NextDC runs data centres, the large buildings that store and process the internet and AI workloads, and it cannot bill customers at a site until power is connected. A delay at M3 pushes back income the company had told investors to expect. It shows how local disputes and electricity supply can hold up data-centre growth.
Who this affects
- MarketbearishLow impact
- ASX data-centre investors face fresh power-supply uncertainty.
- CompanybearishMedium impact
- NextDC shareholders face a possible cut to FY27 earnings.
- CompetitorsneutralLow impact
- Rivals waiting on power connections could face similar delays.
- IndustrybearishLow impact
- Power access and local opposition can slow data-centre growth.
NextDC vs Macquarie Technology, Infratil, Goodman
| NextDCNXT | A$9.18 | Halted | — | ~A$7B |
|---|---|---|---|---|
| Macquarie TechnologyMAQ | — | — | — | — |
| InfratilIFT | — | — | — | — |
| Goodman GroupGMG | — | — | — | — |
As of 2026-10-20
How we got here
Residents block crews installing power poles on Sanderson Street, Yarraville; crews leave and do not return.
NextDC requests trading halt over M3 power delay; shares last traded at A$9.18.
Shares resume trading by this date if NextDC has not announced earlier.
What to watch
- NextDC's announcement on the M3 delay and any change to FY27 guidance.2026-10-21
- Whether pole installation and Jemena power works resume at Yarraville.Q4 2026
- How NextDC shares trade when the halt lifts.2026-10-21
Educational content only. Not investment advice.
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