Meridian Energy traded at 5.62 this Tuesday February 3rd, decreasing 0.04 or 0.71 percent since the previous trading session. Looking back, over the last four weeks, Meridian Energy lost 0.36 percent. Over the last 12 months, its price fell by 3.35 percent. Looking ahead, we forecast Meridian Energy to be priced at 5.54 by the end of this quarter and at 5.23 in one year, according to Trading Economics global macro models projections and analysts expectations.
Meridian Energy Limited is a New Zealand-based power company. The Company is engaged in the generation, trading and retailing of electricity and the sale of complementary products and services. The Company’s segments include Wholesale, Retail, and Other. The Wholesale segment includes activity of generation of electricity and its sale into the wholesale electricity market; purchase of electricity, and development of renewable electricity generation opportunities. The Retail segment includes activity of retailing of electricity and complementary products through its two brands: Meridian and Powershop in New Zealand. It owns and operates seven hydro stations in New Zealand. The Company supplies electricity power for homes, businesses, and farms. It also has various wind farms and is also engaged in solar power generation.