New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Thematic (Sector/Industry)

New zealand Energy / Thematic (Sector/Industry)

<div><ul><li>July 2024 broke several records and since month end, spot wholesale electricity prices and ASX futures prices have gone to a whole new level.</li><li>Hydro and snow storage at record lows and gas constraints are the main drivers of the record high prices.</li><li>We see downside risk to FY25 sector earnings with below average hydro generation and the rising cost of alternative generation the main negative impact. </li></ul></div>

July 2024 broke several records and since month end, spot wholesale electricity prices and ASX futures prices have gone to a whole new level.Hydro and snow storage at record lows and gas constraints are the main drivers of the record high prices.We see downside risk to FY25 sector earnings with below average hydro generation and the rising cost of alternative generation the main negative impact. 

Power Points - Lakes Dry, Prices High — August 2024