Meridian Energy Limited ( (MDDNF) ) has provided an update.
Meridian Energy’s February 2025 operating report highlights a significant decrease in national hydro storage, with levels dropping to 76% of the historical average by early March. The company faced the lowest recorded inflows for the start of a calendar year, impacting water storage in key catchments. Additionally, national electricity demand and Meridian’s retail sales volumes saw declines compared to the previous year, reflecting broader market challenges due to warm and dry weather conditions.
More about Meridian Energy Limited
Meridian Energy Limited is a New Zealand-based company operating in the energy industry. It is listed on the NZX and ASX stock exchanges and primarily focuses on renewable energy generation, including hydroelectric power, with a significant presence in the national electricity market.
YTD Price Performance: 0.48%
Average Trading Volume: 1,434
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $8.21B
For detailed information about MDDNF stock, go to TipRanks’ Stock Analysis page.