Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Meridian Energy Limited ( (MDDNF) ) has shared an update.
Meridian Energy’s January 2025 operating report reveals a significant decrease in national hydro storage, dropping from 114% to 91% of the historical average by early February. The report highlights challenging weather conditions, marking January 2025 as the second driest on record, impacting water storage levels and electricity demand. Retail sales volumes saw a decline, yet there was growth in residential, large business, and corporate sales compared to the previous year. These conditions may impact Meridian’s operational strategy, with potential effects on stakeholders across various market segments.
More about Meridian Energy Limited
Meridian Energy Limited is a New Zealand-based company operating in the energy industry. The company primarily focuses on generating electricity through renewable sources, such as hydroelectric power, and serves various market segments, including residential, large business, and corporate sectors.
YTD Price Performance: -0.59%
Average Trading Volume: 3,625
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $8.75B
For an in-depth examination of MDDNF stock, go to TipRanks’ Stock Analysis page.
