NZSE:GNEElectric Utilities
A Look At Genesis Energy’s Valuation As Record Half Year And NZ$400m Equity Raise Support Renewables Shift
Genesis Energy (NZSE:GNE) is back in focus after a record half year and a planned NZ$400m equity raise that includes two follow on offerings, both aimed at funding a larger renewable pipeline.
See our latest analysis for Genesis Energy.
At a share price of NZ$2.41, Genesis Energy’s recent equity raise and record half year sit against a mostly flat short term share price trend. The 1 year total shareholder return of 15.41% contrasts with a modest 3 year total shareholder return of 6.67% and a...