Contact Energy traded at 9.31 this Tuesday February 3rd, decreasing 0.17 or 1.79 percent since the previous trading session. Looking back, over the last four weeks, Contact Energy lost 0.32 percent. Over the last 12 months, its price rose by 0.22 percent. Looking ahead, we forecast Contact Energy to be priced at 9.17 by the end of this quarter and at 8.66 in one year, according to Trading Economics global macro models projections and analysts expectations.
Contact Energy Limited is an energy generator and digital retailer, which is engaged in providing electricity, natural gas and liquefied petroleum gas (LPG), and broadband services. It generates electricity through hydro, geothermal and thermal sources. The Company operates through two segments: Generation segment and Customer segment. The Generation segment is engaged in the business of selling electricity to the wholesale electricity market and to the Customer segment. The Customer segment delivers, services and distributes energy to customers. It sells electricity, gas and LPG products and services to residential, small business, commercial and industrial customers. The Company's stations include Ahuroa and Stratford in Taranaki; Ohaaki, Poihipi and Te Rapa in Waikato, Te Huka and Te Mihi in Taupo Wairakei in Taupo, and Whirinaki in Hawke’s Bay. It is also involved in the development of geothermal energy projects.