NZSE:CENElectric Utilities
Contact Energy (NZSE:CEN) Stock Trails A Profit Surge And Renewable Lift
Contact Energy entered today with a stock that had drifted lower over the past three months and closed at NZ$8.97. The share price feels cautious. The earnings story does not. Earnings before interest, tax, depreciation, amortisation and fair value adjustments jumped to NZ$1.011b, while underlying profit reached NZ$423m.
The core question for investors is whether this surge in profitability matches the muted price action or if the market is still anchored to old worries about debt and...