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Contact Energy Reports Strong Performance and Growth

Contact Energy Reports Strong Performance and Growth

Contact Energy Limited (COENF) has released an update.

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Contact Energy Limited reported increased sales and netbacks in both mass market and wholesale electricity and gas operations for April 2024 compared to the previous year. The company is progressing with the commissioning of Tauhara power station and the Te Huka 3 project is 85% complete. Prices for the upcoming third quarter are trending higher, and storage levels across the South and North Islands are robust.

For further insights into COENF stock, check out TipRanks’ Stock Analysis page.

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