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Contact Energy Limited ( (COENF) ) has issued an announcement.
In April 2025, Contact Energy Limited reported a decline in mass market electricity and gas sales compared to the previous year, while achieving higher netback per megawatt-hour. The company’s wholesale business also saw a decrease in electricity sales and generation, but recorded an increase in net revenue per megawatt-hour. Progress on infrastructure projects like Te Huka 3 and BESS was slightly behind targets, and future wholesale prices showed volatility. Storage levels in the South and North Islands were below mean levels, while inflows into the Clutha catchment were above average.
More about Contact Energy Limited
Contact Energy Limited operates in the energy sector, focusing on electricity and gas sales. The company engages in both mass market and wholesale electricity sales, and is involved in infrastructure projects such as the Te Huka 3 and Battery Energy Storage System (BESS) projects.
YTD Price Performance: 4.92%
Average Trading Volume: 10,062
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$6.77B
For detailed information about COENF stock, go to TipRanks’ Stock Analysis page.