Meridian is New Zealand's leading renewables energy provider, with significant hydro assets.
Narrow-moat Meridian Energy reported first-half fiscal 2018 EBITDA of NZD 329 million, down 7% on the previous corresponding period, or pcp, amid poor hydrology conditions in the firm’s catchments. We downgrade our fiscal 2018 EBITDA forecast 7% to NZD 619 million. Nevertheless, we expect hydroelectric generation, which comprises the vast majority of Meridian’s energy production, will improve as weather conditions normalise. This, combined with favourable changes to transmission pricing and a li...Meridian Energy is engaged in the generation, trading and retailing of electricity, related products and services. Co. operates in three reportable segments. The wholesale segment includes generation and sale of electricity to wholesale market; purchase and resale of electricity to industrial and retail customers; development of New Zealand renewable energy generation opportunities; and provision of risk management and dam consultancy services. The retail segment includes purchase and sale of electricity to retail customers; and provision of metering services. The international segment includes generate, sale and retail of electricity within Australia and United States.
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.
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