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Meridian Energy Limited ( (MDDNF) ) has issued an update.
Meridian Energy Limited’s operating report for December 2024 highlights a decrease in national hydro storage and a mixed performance in regional water storage levels. Despite a warmer December and varied rainfall, the company saw a small increase in retail sales volumes compared to the previous year, notably in the agricultural and large business segments. In the second quarter, the company reported higher generation levels and lower operating costs, with a significant rise in water storage at the Waitaki catchment. However, national electricity demand and sales volumes of the New Zealand Aluminium Smelter were lower compared to the previous year.
More about Meridian Energy Limited
Meridian Energy Limited is a New Zealand-incorporated company that operates in the energy sector. It is primarily engaged in the generation, trading, and retailing of electricity, with a focus on renewable energy sources.
YTD Price Performance: -1.19%
Average Trading Volume: 3,625
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $8.54B
See more data about MDDNF stock on TipRanks’ Stock Analysis page.
