Meridian Energy | MEL

Meridian Energy traded at 5.07 this Wednesday March 22nd, increasing 0.02 or 0.40 percent since the previous trading session. Looking back, over the last four weeks, Meridian Energy gained 4.16 percent. Over the last 12 months, its price rose by 0.70 percent. Looking ahead, we forecast Meridian Energy to be priced at 5.12 by the end of this quarter and at 4.84 in one year, according to Trading Economics global macro models projections and analysts expectations.

Stock Price
5.07
Daily Change
0.40%
Yearly
0.20%

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Peers Price Day Year
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APA 10.02 0.05 0.50% -0.89%
Contact Energy 7.39 -0.03 -0.40% -6.93%
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Genesis Energy 2.70 -0.08 -2.71% -5.11%
Infratil 8.70 -0.01 -0.06% 8.55%
Mercury NZ Ltd 6.06 -0.09 -1.38% 5.86%
Meridian Energy 5.07 0.02 0.40% 0.20%
Vector 3.91 0.01 0.26% -3.46%

Indexes Price Day Year
NZX 50 11570 38.68 0.34% -4.07%

Meridian Energy
Meridian Energy Limited is a New Zealand-based company. The Company is engaged in the business of generation, trading and retailing of electricity, and the sale of complementary products and services. The Company operates through three segments: Wholesale, Retail and International. The Wholesale segment includes activity associated with its New Zealand generation of electricity and its sale into the wholesale electricity market; purchase of electricity, and development of renewable electricity generation opportunities. The Retail segment includes activity associated with retailing of electricity and complementary products through its two brands: Meridian and Powershop in New Zealand. The International segment includes activity associated with its generation of electricity and sale into the wholesale electricity market and licensing of the Powershop platform in the United Kingdom. The Company supplies electricity to power homes, businesses and farms.