Mercury - Watershed Result — FY23 Result
Mercury (MCY) reported a watershed result, with FY23 EBITDAF increasing +41% (+NZ$244m) on FY22 to NZ$836m, well ahead of guidance and our...
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Mercury: Hydro Power Does It Again — 4Q23 Op Stats
Mercury (MCY) exceeded expectations with strong hydro generation and financial sales pricing, leading to a +3.1% increase in FY23 EBITDAF forecast...
181 Views
Electricity Sector - Sector Set for an Electric Shock
The electricity sector appears to have defied gravity over the past two years, generally tracking sideways despite interest rates steadily rising...
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Power Points - El Niño Blows Into Town — September 2023
September 2023 was a typical El Niño month resulting in record wind generation and strong hydro generation conditions for the lower South Island...
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Power Points - Costs Crescendo — September 2023
August 2023 share price performance for most of the generator/retailers was weak, resulting in dividend yield spreads climbing off record lows.
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