The latest announcement is out from Contact Energy Limited ( (COENF) ).
Contact Energy Limited has announced that the New Zealand Commerce Commission has extended the deadline for its clearance decision on Contact’s proposal to acquire Manawa Energy Limited to 9 May 2025. The acquisition is expected to bolster the renewable energy transition in New Zealand by providing essential contracts for businesses and enhancing retail competition, with implementation targeted for mid-2025.
More about Contact Energy Limited
Contact Energy Limited is a prominent player in the energy sector, primarily focusing on the generation and retailing of electricity and natural gas. The company is committed to supporting New Zealand’s transition to renewable energy, offering a range of contracts tailored for businesses and retail competition.
YTD Price Performance: -2.26%
Average Trading Volume: 2,123
Technical Sentiment Signal: Strong Sell
Current Market Cap: $4.13B
For a thorough assessment of COENF stock, go to TipRanks’ Stock Analysis page.