Mercury Marginally Ups Guidance on Strong Hydro Inflows
Mercury NZ increased fiscal 2017 guidance for hydro generation volumes to 4,500 GWh, leading to a 2% increase in EBITDA guidance to NZD 510 million. We increase our 2017 EBITDA forecast in line with guidance, while keeping forecasts for other years largely unchanged. New EBITDA guidance represents growth of 3% over last year. The earnings upgrade is immaterial to our fair value estimate, which remains NZD 3.20 per share. At the current price of NZD 3.13, Mercury is fairly valued. Mercury is a hi...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.
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.
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