Meridian Energy Limited (MDDNF) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Meridian Energy Limited reported a notable increase in hydro storage levels for August 2024, with national levels reaching 99% of the historical average and significant inflows contributing to above-average storage in the South Island. Despite warmer temperatures and higher rainfall, electricity demand was down 6.3% from last year. The company also experienced varied sales volume changes across different customer segments, including growth in agriculture and large business sectors.
For further insights into MDDNF stock, check out TipRanks’ Stock Analysis page.
