Mercury NZ Ltd. (MGHTF) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Mercury NZ Ltd. reports higher electricity spot prices due to low inflows, with Auckland averaging $187/MWh over the financial year and forward prices indicating continued market tightness. The company’s generation portfolio proved resilient, with increased geothermal and wind output offsetting lower hydro generation. Investments in renewable energy continue, as construction for Kaiwera Downs wind farm stage 2 begins, marking over $700 million committed to new renewables.
For further insights into MGHTF stock, check out TipRanks’ Stock Analysis page.