Report
Adrian Atkins
EUR 101.80 For Business Accounts Only

Mercury is a low-cost renewable energy generator with a strong retail presence.

Narrow moat-rated Mercury NZ once again upgraded fiscal 2017 EBITDA guidance by 2% to NZD 520 million on increased hydroelectric generation. Management now expects hydro generation of 4,700 GWh this fiscal year, which is 700 GWh, or 18%, above average. Conditions are very favourable for Mercury at present, with high rainfall and lake storage levels in the North Island allowing it to produce copious amounts of electricity. At the same time, low rainfall and storage in the south is constraining ou...
Underlying
Mercury NZ Ltd.

Mercury NZ is engaged in the investment, development and producing of electricity from renewable and other energy sources, selling of energy and energy related services and products to retail and wholesale customers. As of June 30 2013, Co. had 388,000 electric customers.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Adrian Atkins

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