The latest update is out from Mercury NZ Ltd. ( (MGHTF) ).
Mercury NZ Ltd. has announced a forecast of 3,400 GWh for hydro generation in FY25, amid record low hydrological inflows and decreased wind generation. The company has signed a long-term agreement with Fonterra to electrify their operations, and a supply agreement with New Zealand Aluminium Smelters has commenced, impacting its operations and market positioning.
More about Mercury NZ Ltd.
Mercury NZ Ltd. operates in the energy sector, primarily focusing on electricity generation and retailing. The company is involved in hydro, wind, and geothermal energy production, catering to both residential and industrial markets in New Zealand.
Technical Sentiment Signal: Sell
Current Market Cap: $4.87B
See more insights into MGHTF stock on TipRanks’ Stock Analysis page.