Contact Energy Limited (COENF) has released an update.
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Contact Energy Limited’s October 2024 report reveals a decline in both mass market and wholesale electricity sales compared to the previous year, with sales dropping to 320GWh and 699GWh, respectively. Despite this, the company saw an increase in net revenue per megawatt-hour and reported significant progress in key projects like Te Huka 3. Meanwhile, future wholesale prices show a declining trend as South and North Island storage levels remain above average.
For further insights into COENF stock, check out TipRanks’ Stock Analysis page.
