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An announcement from Mercury NZ Ltd. ( (MGHTF) ) is now available.
Mercury NZ Ltd. reported a decrease in spot electricity prices and national demand, driven by lower industrial demand, while maintaining a strategic hydro storage level. Despite reduced hydro and wind generation due to lower inflows and wind, the company managed to achieve higher yields through contract repricing. Mercury’s commitment to renewable energy continues with the announcement of a $287 million wind farm in Northland, expected to enhance its renewable generation capacity significantly.
More about Mercury NZ Ltd.
Mercury NZ Ltd. operates in the energy industry, primarily focusing on electricity generation and retailing. The company engages in renewable energy projects, including hydro, wind, and geothermal power, and is expanding its market presence with new renewable energy commitments.
YTD Price Performance: 0%
Average Trading Volume: 34,051
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $4.7B
For an in-depth examination of MGHTF stock, go to TipRanks’ Stock Analysis page.
