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Contact Energy Reports December 2024 Operational Highlights and Project Progress
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Contact Energy Reports December 2024 Operational Highlights and Project Progress

Story Highlights
  • Contact Energy’s December 2024 operations showed increased electricity sales and improved generation costs.
  • The company reported progress on key projects and updated storage and futures data.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Invest with Confidence:

Contact Energy Limited ( (COENF) ) just unveiled an announcement.

Contact Energy Limited reported its monthly operating results for December 2024, highlighting both its customer and wholesale business performances. The company recorded mass market electricity and gas sales of 274GWh and a slight increase in netback prices compared to December 2023. In the wholesale sector, electricity sales, including those sold to the customer business, totaled 699GWh with significant improvements in generation costs. Project progress for the Te Huka 3 and Battery Energy Storage System was noted, alongside updates on futures settlement prices and controlled storage levels.

More about Contact Energy Limited

YTD Price Performance: 0.0%

Average Trading Volume: 2,802

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $4.24B

Learn more about COENF stock on TipRanks’ Stock Analysis page.

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