Mercury Starts Fiscal 2018 Strongly, but Not Material to FVE
Narrow-moat Mercury NZ had a strong September quarter, leading management to upgrade fiscal 2018 earnings guidance by 3% to NZD 515 million. This is slightly better than we previously expected, and we increase our forecast in line with guidance. Mercury was benefiting from perfect conditions, with strong rainfall boosting its hydroelectric volumes, while dry conditions for the big South Island generators propped up the wholesale price. But conditions have normalised with increased South Island r...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.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.