Issues for New Zealand Power Companies in Holding Pattern -- Market Talk

Dow Jones

May 06, 2025

0113 GMT - The main issues facing New Zealand's electricity sector were in a holding pattern in April, says Forsyth Barr. The first is hydropower, and whether there is enough water to get through winter. Hydro storage at the end of April was 79%, up from 72% a month earlier. "That said, it looks like Meridian Energy had another challenging month," analyst Andrew Harvey-Green says. April was also a waiting game for Contact Energy's proposed takeover of Manawa Energy. New Zealand's Commerce Commission is due to make a decision or publish a statement of unresolved issues by May 9. Mercury NZ is Forsyth Barr's top pick. "The sector continues to offer defensive earnings and dividend growth and offers good value, albeit in a market where finding value is not difficult," Forsyth Barr says.(david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

May 05, 2025 21:13 ET (01:13 GMT)

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The first is hydropower, and whether there is enough water to get through winter. Hydro storage at the end of April was 79%, up from 72% a month earlier. \"That said, it looks like Meridian Energy had another challenging month,\" analyst Andrew Harvey-Green says. April was also a waiting game for Contact Energy's proposed takeover of Manawa Energy. New Zealand's Commerce Commission is due to make a decision or publish a statement of unresolved issues by May 9. 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The first is hydropower, and whether there is enough water to get through winter. Hydro storage at the end of April was 79%, up from 72% a month earlier. \"That said, it looks like Meridian Energy had another challenging month,\" analyst Andrew Harvey-Green says. April was also a waiting game for Contact Energy's proposed takeover of Manawa Energy. New Zealand's Commerce Commission is due to make a decision or publish a statement of unresolved issues by May 9. Mercury NZ is Forsyth Barr's top pick. \"The sector continues to offer defensive earnings and dividend growth and offers good value, albeit in a market where finding value is not difficult,\" Forsyth Barr says.(david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 05, 2025 21:13 ET (01:13 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MEL.NZ","symbol_name":"Meridian Energy Limited (NS) Ordinary Shares","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2533599737","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2533599737","pubTimestamp":1746493980,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0113 GMT - The main issues facing New Zealand's electricity sector were in a holding pattern in April, says Forsyth Barr. The first is hydropower, and whether there is enough water to get through winter. Hydro storage at the end of April was 79%, up from 72% a month earlier. \"That said, it looks like Meridian Energy had another challenging month,\" analyst Andrew Harvey-Green says. April was also a waiting game for Contact Energy's proposed takeover of Manawa Energy. New Zealand's Commerce Commission is due to make a decision or publish a statement of unresolved issues by May 9. 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The first is hydropower, and whether there is enough water to get through winter. Hydro storage at the end of April was 79%, up from 72% a month earlier. \"That said, it looks like Meridian Energy had another challenging month,\" analyst Andrew Harvey-Green says. April was also a waiting game for Contact Energy's proposed takeover of Manawa Energy. New Zealand's Commerce Commission is due to make a decision or publish a statement of unresolved issues by May 9. Mercury NZ is Forsyth Barr's top pick. \"The sector continues to offer defensive earnings and dividend growth and offers good value, albeit in a market where finding value is not difficult,\" Forsyth Barr says.(david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 05, 2025 21:13 ET (01:13 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}