bearish
Contact Energy: Feeling Pain Whilst Awaiting Rain
Contact Energy's (CEN) big challenge is short-term earnings momentum, with wholesale electricity market conditions seemingly conspiring against it; we calculate December 2022 EBITDAF was NZ$38m, down -NZ$7m on December 2021, with 1H23 EBITDAF NZ$244m, -NZ$78m lower than the record 1H22 result but also -NZ$39m below normalised FY23 EBITDAF guidance
SUMMARY
(Sign Up to Access)Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
- Unlock all research summaries
- Follow top, independent analysts
- Receive personalised alerts and emails
- Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.
or
Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 14-minute read)
Discussions
(Paid Plans Only)
Forsyth Barr
New Zealand Professional Investment Services Firm
Price Chart(Sign Up to Access)
- Contact Energy: Feeling Pain Whilst Awaiting Rain02 Feb 2023
x